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.
Published at 9:14 AM PST on Feb 3, 2011 | Updated at 9:30 AM PST on Feb 3, 2011