Thursday, December 7, 2006
San Diego City Council has decided to invest in professional financial education for its members next year. The council's independent budget analyst, Andrea Tevlin says she researched other major cities around the state, and found none of them provide their council members with training on things like budget planning or issuing debt.
Tevlin: This hasn’t been something that local government have pursued very actively, but I expect it will be something that will become commonplace and that we’ll serve as a model for that.
When San Diego fell afoul of Securities and Exchange Commission laws, council members said they were misled by staff. The training is intended to give council members the tools they need to ask the right questions before voting on financial programs involving millions of dollars of public money.