City Looks to Halve Comp Reserves to Close Budget Deficit

City officials in San Diego are considering taking $28.8 million out of the workers’ compensation reserve to help close a reported $50 million budget deficit. The San Diego Union-Tribune reports that the City Council’s Budget and Government Efficiency Committee unanimously approved a proposal to cut in half the amount held in reserve to pay for comp claims as part of an effort to address the budget shortfall. According to materials from the meeting, the city has $56.5 million in comp reserves, slightly below the target of $58.7 million. If the full City Council approves the budge...