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Finance director warns El Cajon faces multi‑year shortfalls and urges steady mitigation
Summary
Finance Director Clay Shane reported softer sales-tax receipts and rising pension and labor costs, projecting multi-year general-fund shortfalls even before the eventual sunsetting of Prop J; the council unanimously accepted the midyear report and asked staff to return with budget options and revenue strategies.
City finance staff presented the fiscal year 2024 midyear report and an updated five‑year business plan on April 23, describing revenue softness and structural pressures that could drive multi-year deficits.
Director of Finance Clay Shane said sales-tax revenue is tracking below prior expectations and projected FY24 general‑fund revenues at roughly $94.9 million versus a $98.4 million budget. He said the city faces a roughly $1.3…
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