SDCTA City of San Diego Budget Reform Principles
On Friday, January 21, 2011, the SDCTA Board of Directors voted to adopt the following set of Budget Reform Principles: 1. Proper Calculation of "Structural" Budget Deficit 2. Implementation of a General Fund Spending Cap 3. Reform of Retiree Health Care Liability 4. Employee Compensation Reform 5. Reform of City Operations 6. Adoption of a Transparent Budget Proposal to Enable Informed Public Debate Adoption of these Principles will provide the necessary reforms and subsequent savings to assist in resolving the City's structural budget deficit. Most importantly, implementation of these elements should begin prior to the adoption of the Fiscal Year 2012 budget so as to generate the maximum amount of savings.