The Morning Report
San Diego news and info
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San Diego City Council members Donna Frye and Todd Gloria released another version of their financial reform ballot measure this afternoon.
The new version addresses changes made in council meetings Friday and this morning, notably Councilman Tony Young’s amendment to require all reforms come before the city would increase taxes. Otherwise, there are no major changes to the proposal.
Here’s the memo.
In other sales tax news, CityBeat is reporting that the city’s tax rate actually will decrease — with or without the ballot measure’s passage — because the state portion of the sales tax is going down soon. If the ballot measure is approved and all the triggering reforms completed, the city’s sales tax rate will be 9.25 percent and then drop to 8.25 percent on July 1, 2011.
— LIAM DILLON