GSDBA urges voters to say no to Prop. B pension reformAround the City Thursday, April 26th, 2012
The Greater San Diego Business Association (GSDBA), one of the largest specialty chambers in San Diego County and the second largest lesbian, gay and supportive chamber in the nation, has announced its opposition to Proposition B, which appears on the June ballot in the City of San Diego.
In a press release issued Wednesday the GSDBA stated, “While it is clear that the City’s finances, including the pension plan, need a comprehensive overhaul, review of this initiative finds it would only compound the problem. After careful examination of data and objective analysis, the GSDBA believes that the proposition will be extraordinarily disruptive to City finances and actually adds no enforceable mandates. The GSDBA finds nothing in this initiative that could not be negotiated with the unions today if the City Council so directed, despite the multi-million dollar price tag identified by San Diego’s Independent Budget Analyst.”
The GSDBA also expressed concern over the legal issues arising from its passage and the potential costs of litigation.
“The potential harm from Proposition B is too great for us to remain on the sidelines,” said Tom Luhnow, GSDBA CEO. “Our responsibility is serving our more than 850 member businesses, and there is no question after reviewing Proposition B that it is bad for the small businesses we represent and bad for San Diego.”
Founded in 1979, the GSDBA continues to support small businesses in San Diego while advocating for mainstream acceptance of diversity.
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