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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jdang307 likes this.
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Nice. San Diego has been in a financial mess long before the financial crisis. This can't help
Fin Fan In Cali likes this. -
No brother, and as more homes go through foreclosure this number will continue to go up.
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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... -
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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.
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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.
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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 :)Fin Fan In Cali likes this. -
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. -
Fiscal irresponsibility ... :D We've been in trouble way before the credit crunch.
azfinfanmang likes this.