BREAKING NEWS: KROLL REPORT MADE PUBLIC IN SAN DIEGO
In a 260+ page report that took a year and a half to prepare at a cost of over $20 million of taxpayer dollars, Kroll Incorporated laid out a detailed explanation of the City of San Diego’s disastrous pension shortfall. This will probably be the best explanation we get until folks start rolling on each other in the courtroom.
In short: Carl DeMaio of the Performance Institute and whistle-blower Diann Shipione were right. And the city establishment – including many former current and former staffers and politicians – who tried to discredit them should take a few minutes to let that sink in. Like the report says in black and white: “the evidence demonstrates not mere negligence but deliberate disregard for the law, disregard for fiduciary responsibility, and disregard for the financial welfare of the city’s residents.” And the report puts much of the blame right on the shoulders of former Mayor Dick Murphy and the members of the City Council who were in office during the affair.
You can read the whole of the report at www.sandiego.gov. Particular attention should be paid to Section XI CONCLUSIONS AS TO INDIVIDUAL CULPABILITY.… Read More