Tuesday, October 17, 2006
San Diego City Council has rejected a preliminary draft of a long-awaited 2003 financial audit. It’s aimed at getting the city back into the bond market. But officials say the disagreement should not affect the mayor’s timeline for restoring the city’s credit rating nor resuming a range of capital projects.
Several council members said Mayor Sanders didn’t give them enough time to approve the un-audited draft report. The mayor calls the report crucial to San Diego’s financial recovery and said the council should share responsibility for its accuracy.