San Diego Mayor Sanders Signs First Budget

Saskal, Rich
June 2006
Bond Buyer;6/9/2006, Vol. 356 Issue 32399, p4
Trade Publication
The article reports that Jerry Sanders, mayor of San Diego, California, has signed his first budget into law. The budget proposals include about $1 billion in general fund spending and about $2.6 billion in total spending. This is the first San Diego city budget prepared under a new system that gives budget authority to the mayor's office instead of an appointed city manager. Sanders also wants to issue pension obligation bonds. Sanders has said that the new budget projects the city's revenues and expenses more accurately.


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