City Council reviews Mayor Filner's billion dollar budget - San Diego, California News Station - KFMB Channel 8 - cbs8.com

City Council reviews Mayor Filner's billion dollar budget

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SAN DIEGO (CNS) - The San Diego City Council is scheduled Wednesday to begin a department-by-department review of the $2.75 billion budget proposed by Mayor Bob Filner for the upcoming fiscal year.

Council members will go over proposed capital improvement and infrastructure spending planned for the fiscal year that starts July 1.

The mayor's plans to delay the issuance of infrastructure bonds so the city can save $6.6 million in debt servicing and other payments has been criticized by several members of the panel and the city's Independent Budget Analyst.

The IBA report said Filner's bond delay proposal would crimp the City Council's plans to hike infrastructure spending.

"While it will not prevent deterioration, the (council) funding plan represents a significant new investment and is expected to slow the rate of deterioration of our assets to 5 to 10 percent," the IBA report said.

"Since we are not at the desired funding level and the city's goal is to ramp up infrastructure funding in the future as soon as is practical and affordable, it is imperative that the city stay on course and not backtrack on current funding plans."

The IBA suggested the bonds could be restructured in a way to achieve some savings on debt service, though by not by the amount proposed by the mayor, or some one-time funding sources could plug the difference.

The council budget hearings will continue Monday with a look at spending for the police and fire departments, parks, recreation and libraries.

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