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Council approves FY2025 midyear budget monitoring report as departments warn of structural shortfalls
Summary
San Diego’s Department of Finance told the City Council the city faces growing revenue shortfalls—driven largely by weaker sales tax and a $33.2M SDG&E franchise payment reduction—and outlined mitigation options. The council approved the midyear monitoring report 8–1 after presentations from DOF, police and the IBA.
San Diego — The City Council on March 3 approved the Department of Finance’s FY2025 midyear budget monitoring report after a multi‑hour presentation that laid out falling revenues and rising personnel costs.
Rolando Charvall, the city’s finance director, told the council the midyear projections show a structural challenge: major general fund revenues are projected to fall $26.9 million below the adopted budget and general fund expenditures are expected to exceed budget by roughly $108.9 million, driven largely by a projected $29.4 million shortfall in sales tax and a $33.2 million reduction in SDG&E franchise fee receipts. “These are not easy decisions,” Charvall said, urging a combination…
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