November 20, 2015
This month, the San Diego mayor’s financial staff reported the city’s revenues will “modestly improve” into 2021, despite rising expenses.
San Diego is expecting general fund surpluses for the next five years. The fund’s money is spent on public services, such as libraries, parks, and public safety.
Where does the money come from? The city’s main revenue sources include franchise fees, sales and hotel taxes, and property, which over the next fiscal year should create a surplus of $200,000 that will climb exponentially to $73.7 million by 2021.