Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City Council receives training on general-fund debt financing and tracking; DOF flags $394 million gap
Summary
San Diego City Council received an informational training March 17 on the city’s general-fund bond financing program, which now decouples project appropriations from bond issuances; the Department of Finance said about $394 million in bonds may be needed to address existing appropriations and outlined plans for annual tracking and midyear reporting.
San Diego City Council on March 17 received a training from the Independent Budget Analyst and the Department of Finance on the city’s general-fund debt financing for capital improvement projects. The session explained why the city moved, beginning in August 2021, from project-specific bond appropriations to a program-wide approach that decouples appropriations from the timing of bond issuances.
"Appropriations happen in bigger chunks, and the bond issuances are really just matching the spend rate," Jyothi Pantulu, assistant director for the Department of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
