(TNS) — San Diego, Calif., officials on Wednesday began discussing potential budget cuts and the possibility of burning through city reserves to help close a projected $154 million deficit, which is nearly double the $86 million shortfall projected in November.
The spike is the result of a nearly $50 million increase in San Diego's annual pension payment and the realization by city officials that their predictions of a post-COVID-19 tourism and convention revival this spring were too optimistic.
Some officials expressed optimism that Democrats taking control of the U.S. Senate will boost prospects for federal pandemic aid to state and local governments. Last spring, San Diego received $250 million in such aid.
They have run out of tax options, black swanned by covid and swindled by unions. My homrtowen has a case of all three. This will be along wait for the failed state to recover.
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