Is San Diego Growing Its Way Out Of the Budget Deficit?

The projected deficit has been reduced by more than 35 %.

San Diego's projected budget deficit has gone down by 36 %.  That's according to the five-year financial outlook Mayor Jerry Sanders released on tuesday.  The number fell sharply because of a lower than expected annual pension payment, and an improving economy which helped fuel an increase in projected sales and hotel tax revenues.  The latest deficit figure is $46.5 million. That's down from a high of $72.5 million last fall.
 

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