The council is scheduled to consider whether to place the so-called "Rebuild San Diego" plan on the June ballot at their Tuesday meeting.
Faulconer endorsed the plan earlier this month in his State of the City address. He, Kersey and Sanders described the plan in more detail Monday afternoon.
The spending plan, which was originally developed by Kersey, would designate money from sales taxes, savings from municipal pension reform and growth in general revenue for infrastructure projects. The plan does not involve any tax hikes, according to Kersey.