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09-27-2012, 11:51 AM #1
San Diego Ends Fiscal Year with $43.6 Million Budget Surplus
San Diego Ends Fiscal Year with $43.6 Million Budget Surplus
Story Published: Sep 27, 2012 at 8:39 AM PDT
Story Updated: Sep 27, 2012 at 8:39 AM PDT
SAN DIEGO - After years of battling deficits, the city of San Diego has ended the latest fiscal year with a 43-point-6 million-dollar surplus. City staff says San Diego brought in 111-million dollars more in revenue in the fiscal year that ended June 30th than the previous year.
The total includes a 27-million-dollar settlement with San Diego Gas and Electric involving the 2007 wildfires and 24-point-7 million-dollars in additional property tax revenue that resulted from the dissolving of redevelopment agencies.
San Diego Ends Fiscal Year with $43.6 Million Budget Surplus | San Diego 6 | Local News
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