Jerry Sanders is joining the town hall movement. The mayor has called a community meeting for Thursday night to discuss his plan and timetable for instituting the 54-pages of recommended remediation measures contained in the Kroll report.
The meeting is scheduled from 6 p.m. to 8 p.m. at The Balboa Park Club at 2150 Pan American Plaza in Balboa Park. Since taking office, City Attorney Mike Aguirre has called regular town hall meetings to discuss big issues facing the city.
Sanders has indicated that he will follow Kroll’s recommendations, but has added the caveat that cost and time could impede the rapid implementation of all remediation steps.
The Kroll report was commissioned in order to satisfy the concerns of KPMG, which has held up the city’s return to Wall Street’s good graces over concerns about alleged wrongdoing and other financial troubles.
Now that the report is done, KPMG has said it is awaiting the city’s reaction to the report. City officials hope the Kroll report, and the mayor’s ensuing remediation plan, will be the first steps to restoring a tarnished credit rating and once again borrowing money to complete basic projects.
The Kroll report also pointed out that the mayor’s plan to issue more than $500 million in pension obligation bonds won’t solve the fundamental pension problem.
For directions to the event, click here.