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Escondido projects $38.5 million from Measure I but warns long-term structural deficit remains
Summary
Finance director Christina Holmes told a June budget workshop that Measure I is expected to bring roughly $38.5 million this fiscal year (staff's midpoint forecast), but the city still faces multi-million-dollar structural deficits that grow over time without further actions.
Christina Holmes, Escondido's director of finance, presented the city's operating-budget outlook at a budget workshop and said the first-year revenue from Measure I will help the general fund but won't erase a long-term structural gap.
Holmes summarized the Measure I projection and the reasoning behind the staff recommendation: two consulting firms produced different capture-rate forecasts—HDL estimated about $35 million (roughly 77% of base capture), while Avenue Insights projected about $41 million (about 92%). "The staff recommendation was to budget for revenue of $38,484,150," she said, noting that figure is the midpoint between…
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