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San Diego County Facing 78 Million Budget Deficit

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Nov 19, 2008.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    REGION: County revenues fall by $78 million, officials say : North County Times - Californian

    Falling sales and property tax revenue account for $47 million of the $78 million gap, Steuer said.

    Steuer said the troubled housing market contributed to the projected $25 million shortfall in property taxes, which was estimated to be about $235 million this year. Slowing consumer spending led the county to revise sales tax projections by $22 million.

    Last week the city of Escondido said it might have to shorten hours or shut down the city library, and possibly lay off police officers due to there 5 million dollar deficit.
     
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  2. jdang307

    jdang307 Season Ticket Holder Club Member

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    Nice. San Diego has been in a financial mess long before the financial crisis. This can't help
     
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  3. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    No brother, and as more homes go through foreclosure this number will continue to go up.
     
  4. TheMageGandalf

    TheMageGandalf Senior Member

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    You know, if we could send in only 100 million of that 700 Billion set aside for banks...

    They'd have enough and then some....

    Just saying...
     
  5. FiN.in.RI

    FiN.in.RI Paul pierced through..

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    Sucks to be San Diego apparently
     
  6. FiN.in.RI

    FiN.in.RI Paul pierced through..

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    Or a billion or 2 into infrastructure to create 100,000 jobs or so... But that would make too much sense.
     
  7. FinSane

    FinSane Cynical Dolphins Fan

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    thats a lot of money
     
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  8. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Yes it is bro, and to think this is just our county losing 22 million dollars from property taxes. The state is billions of dollars in debt.
     
  9. jdang307

    jdang307 Season Ticket Holder Club Member

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    The same as it is in a lot of cities bro. The 80 degree weather yesterday helps.:lol:
     
  10. FiN.in.RI

    FiN.in.RI Paul pierced through..

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    no Doubt.. But I think a new "woe is the California economy" thread appears in this forum daily..

    Rhode Island for example, will be at 10% unemployment when the new numbers come out. Pretty bad and getting worse.
     
  11. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Just pointing out how things are here in California so others can get a point of view. Our unemployment is at least 9% here, and growing daily. As California is affected, so will a lot of other states in the country. If you don't like the topics, then don't read them.
     
  12. jdang307

    jdang307 Season Ticket Holder Club Member

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    Well post them! That's what the forum is about, sharing of information. We have several San Diego members so its a good way to get discussion going amongst fellow brothers in the Fin community that are being affected by this.

    Its not like we'd only peek in the California threads :)
     
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  13. FiN.in.RI

    FiN.in.RI Paul pierced through..

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    Oh I don't mind at all. Just cracking some sarcasm. If I wanted to post some Rhode Island threads I would. :)
     
  14. jdang307

    jdang307 Season Ticket Holder Club Member

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    :lol:

    Hey OT how come threads look like they're less pages now, but none of the posts are gone? Did someone increase the number of posts per page?
     
  15. azfinfanmang

    azfinfanmang Premium Member Luxury Box

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    This truley is unfortunate.

    I absolutely LOVE to visit Sandy Eggo, one of my all time favorite desitnations.
    One would think that with the incredible attractions and incredible number of Tourists every year they would be pretty solvent.
     
  16. jdang307

    jdang307 Season Ticket Holder Club Member

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    Fiscal irresponsibility ... :D We've been in trouble way before the credit crunch.
     
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