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San Diego officials present $5.65 billion FY25 budget; finance staff warn of FY26 structural gap
Summary
City finance staff told the City Council the proposed FY25 budget totals $5.65 billion and relies heavily on one-time resources; presenters emphasized $871.9 million in capital projects and warned that without new revenues the city will face deep cuts in FY26.
The city of San Diego's proposed fiscal year 2025 budget totals $5,650,000,000, city finance staff told the council at a public hearing on May 8.
"The citywide fiscal year 20 25 proposed budget is $5,650,000,000 and prioritizes investments in infrastructure, maintaining core services, staffing new facilities planned to open next year, as well as expanding homelessness shelter capacity," Ben Battaglia, assistant director in the Office of Finance, said in…
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