Mayor Todd Gloria today announced a series of actions he will take to help mitigate the $258.2 million projected deficit for the coming next fiscal year and communicated his approach to re-imagine and right-size City operations to fit within existing revenues. The steps come as the Registrar of Voters certified election results showing the Measure E 1-cent sales tax lost by a slim margin.| www.insidesandiego.org
‘I can assure you that we are not a credit risk,’ the city’s chief financial officer told the pension board. ‘But it’s a significant obligation.’| San Diego Union-Tribune