Yesterday, Councilmember Mark Kersey announced Rebuild San Diego, a ballot measure that – if passed – will secure $4-5 billion to finance infrastructure improvements over the next 30 years. The secures funds through three revenue streams:
- Future sales tax growth,
- Savings from voter-approved pension reform, and
- Half of all new major general fund growth.
A tax increase is not required to execute Kersey’s plan.
If approved by City Council, the initiative will go to San Diego voters in 2016. The first round of reviews will begin Wednesday, December 9 at the City’s Infrastructure Committee.