San Diego facing $167M budget deficit as revenues shrink and expenses increase. Mayor imposes partial hiring freeze, blocks non-essential spending, but says deep cuts still likely
Shrinking revenues and climbing expenses — including $10 million in recent spending to cope with the Jan. 22 storm — have widened San Diego's projected budget deficit for the upcoming fiscal year to $167 million. The growing gap has prompted Mayor Todd Gloria to declare a partial hiring freeze, prohibit any non-essential spending and block city departments from re-routing money from one expense to another.
'The economy appears to be course-correcting after a rather robust post-pandemic recovery,' said Amy Li, a fiscal and policy analyst for the IBA. Li stressed that despite projections that hotel tax would grow sharply during this fiscal year, the city has collected $6.7 million less than it had collected at this point during the previous fiscal year. On the expense side, the city has set aside $10 million to cover expenses related to the Jan.
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