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Pension report released; Aguirre outraged over $20 million price tag

Today a $20 million report into the San Diego city's pension deficit will be presented to the mayor, the city council and the public. The long awaited report will look back at why the city failed to disclose a massive billion dollar pension deficit.

It'll recommend what the city should do to make sure it doesn't happen again. But City attorney Mike Aguirre is angry about the $20 million dollars the consultants charged the city. He says Kroll has taken advantage of San Diego's financial problems.

Aguirre: "We have an accounting firm that is the largest tax shelter fraud in American history. Who cares what they have to say, how much credibility do they really have any more?"

Mayor Jerry Sanders agrees the city probably could get back into the bond market without the long overdue audit, but says he wants the financial statements as a base line for city finances in the future. He hopes the report will allow the troubled city to move forward."

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