Study Reveals New Growth In City Debt
How much debt has the City of San Diego taken on in the last four years? Which city taxes and charges have increased the most? How many city staff positions have been shifted to enterprise and special fund activities? How does San Diego city spending compare to other cities in the county?
These questions and many more will be answered in a new report to be released Thursday, October 29, 1998 by The Rose Institute of State and Local Government at Claremont McKenna College. The Rose Institute is California’s leading think thank analyzing political, demographic, and fiscal data and trends. This report, one of an ongoing series analyzing local government in Southern California, also compares spending and revenue patterns of all incorporated cities in San Diego County.
Members of the news media are invited to a special briefing:
What: City of San Diego fiscal study release and briefing
When: 10:00 am, Thursday, October 29, 1998
Where San Diego Hilton Beach & Tennis Resort, 1775 E. Mission Bay Dr., San Diego (619) 276-4010
Who: Steven B. Frates, Ph.D. Senior Fellow, Rose Institute
Among other findings, this study reveals that:
* City indebtedness nearly tripled between 1993-96
* The City of San Diego spends less than a third the amount per capita for library services than does Chula Vista.
* The city’s retirement revenues exceed expenditures by about $100 million per year.
Copies of the report will be available at the news briefing or can be requested by calling the Rose Institute (909) 621-8159.
Claremont McKenna College is a highly selective independent liberal arts college educating leaders in business and public affairs. CMC enrolls 1,000 students and is a member of The Claremont Colleges.