San Diego's City Budget
Everything you need to follow the news and understand what's in the city of San Diego's fiscal 2015 budget.
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Recent Budget News
Mayor Kevin Faulconer said Tuesday he has $12 million more to spend in the next fiscal year than he originally thought, and he wants the money to go to parks and other neighborhood services.
The budget analyst gave Mayor Kevin Faulconer's spending plan high marks for adding library hours and boosting police staffing, but she faulted it for using general fund money to pay for capital expenses such as road repairs.
The city went from a predicted $19 million shortfall to a balanced budget with extra money to spend.
The head of the San Diego police union said officers are happy Mayor Kevin Faulconer included an extra $3.2 million in his proposed budget for police pay, but it may not be enough to keep them from retiring or leaving the department.
A nearly $3 billion spending plan for the upcoming fiscal year in the city of San Diego was unveiled Monday by Mayor Kevin Faulconer and will be presented to the City Council Tuesday.
Hint: It is all about infrastructure. With $35 million in new revenue, the mayor said he will earmark $22 million toward repairing streets and fixing city buildings.
Budget Terms Definied
General Fund: Money from property tax, sales tax and other taxes and fees used to pay for most of the services the city provides.
Capital Improvement Program: Money to fix up or improve the city’s buildings, parks, landfills and wastewater and transportation systems.
Internal Service Funds: money used to pay for services provided by one city department to another city department. For example, printing services and vehicle maintenance.
Enterprise Funds: Services like water, sewer, trash, recycling and airports that are paid for by user fees. These funds are supposed to not require any additional money from the city.
Capital Project Funds: used to acquire or build major projects like buildings, parks, libraries and transportation and storm water systems.
Debt Service and Tax Funds: Used to pay down the Series 1991 General Obligation Bonds for Public Safety Communication Project and to pay for General Fund Tax and Revenue Anticipation Notes. The General Obligation Bonds were issued in 1991 to fund communication equipment for fire and police. The Tax and Revenue Anticipation Notes, or TRANS, is money leant to the city to hold it over until property tax revenues come through from the county.
Special Revenue Funds: money collected for specific purposes, like the Transient Occupancy Tax (TOT) or the Gas Tax. The TOT is the tax collected on hotel rooms, campgrounds, hostels and other places visitors to San Diego stay. The Gas Tax is the city's share of the tax on the sale of gasoline.