The City Of San Diego costs $600,000 per day to "run" ! Image

I wanted to get an idea of what the cost of the City's Debt Obligation* is per day, not counting any Redevelopment Agency costs and other BIG costs; so here is what I came up with: ......................................................... FY 2011

  • General Obligation Bonds...................................................... 2 Million
  • General Fund Backed Lease-Revenue Obligation Bond......... 49 Million
  • Wastewater System Obligations ......................................... 103 Million
  • Water System Obligations.................................................... 65 Million
  • .
  • Total (Rounded Off)........................................................... 219 Million

So $219,000,000 ÷ 365 = $600,000 PER DAY and that's a rough estimate!

Attention: Accounting folks, perhaps you can give us a more accurate number!

* http://www.sandiego.gov/fm/proposed/pdf/2011/vol_1/08_debt_obligations.pdf

Comments

Evelyn Aug. 6, 2010 @ 2:53 p.m.

The link's broken, Founder; or rather, 'can't be found.'

0

Founder Aug. 6, 2010 @ 3:01 p.m.

Reply to #1 I just tried this one and got it to work:

http://www.sandiego.gov/fm/proposed/pdf/2011/vol_1/08_debt_obligations.pdf

For some reason, it works in my browser but not when it's in my blog; maybe the City does not accept Reader links:-) Try copying and pasting it and let me know if it works; I'll also send in a email to the WebTeam at the Reader.

0

a2zresource Aug. 7, 2010 @ 4:11 p.m.

I find that adding an extra space at the end of a web ink, right before any ending html tags (including those likely inserted by the blog editor) helps to keep the links the way you want them!

0

a2zresource Aug. 7, 2010 @ 4:35 p.m.

Now to find out what the daily labor and expendables costs are...

0

Founder Aug. 7, 2010 @ 4:42 p.m.

3

-- Add Space -- a2z

How many do you add? To know would make me glad:-)

I'd love to see the before and the after but that would probably cause lots of your laughter

I don't mean to be a questioning hog so I added a poem to YOUR blog!

The link is working now all I can say is WOW

0

Founder Aug. 7, 2010 @ 4:55 p.m.

Reply to #4 There is "a whole lot" more..

I did not include the Redevelopment Agency debt because I wanted to make the daily debt as simple as possible for folks to grasp.

If you are into numbers then PLEASE feel to add them to this blog and or post a link to a better blog of your own that will help the City's tax payers realize the size of the hole that they are now in and or the "bigger" hole that the City's wants them to be stuck in after any new tax increase is "include in the above...

Another though would be to list all the "upcoming" increases that are proposed for San Diego's taxpayers; I bet that would get folks to FINALLY WAKE UP!

0

JustWondering Aug. 9, 2010 @ 7:40 p.m.

Founder,

What's your point? Services, the ones demanded by San Diegans cost money. If citizens don't want these services or the level currently provided, then they should not fund them or eliminate them. For some reason, citizens just seem to want more services, rather than less, and also refuse get the revenues needed to pay for them.
The Mayor and COO have suggested that if the ½ cent sales tax does not pass, then services, all services will see curtailment. I believe during the one of the last hearing on the tax, Mr. Goldstone suggested it would be necessary to close 21 fire stations or lay off 700 police officers to close the expected 70 million dollar deficit. So it really is up the taxpayers to decide what they want to pay for.

Services costs money. But Government is not a business. Some argue it should be run like a business, and that's their prerogative. Running a business seven days a week, 24 hours a day is expensive whether you're a government or private enterprise.

0

Founder Aug. 10, 2010 @ 3:06 p.m.

Reply to #7 "What's your point?"

Thanks for asking!

My point is this: Each day that the City Council and or Mayor debate the budget things get worse and more expensive to "fix" (no pun intended)!

The City Council has "given" Hundreds of Millions of Dollars to the Redevelopment Agency that they themselves control; which they could NOW use to pay for the repair of "bricks and mortar projects all over the City! If they did this, they would NOT have to close or "brown out" Police, Fire and Library's without the proposed tax hike! Why is that option not on the table?

If our budget is so tight in San Diego, why are "we" starting new City buildings and even talking about a new stadium; the answer is BIG MONEY INTERESTS...

Our City Leaders are asking us now to allow them to tax US more and at the same time they are spending BIG money on additional NEW projects that have nothing to do with City Services. They are using our Police, Fire and Library's as hostages, in order to raise our taxes. I for one, would like to see someone blog about what the factual effect of the City declaring bankruptcy would be on tax payers; at a time where millions are looking for work nationwide and most of them would love nothing better than to relocate to Sunny San Diego to work for our City, despite what our local "Big UNIONS" say! Having at least 100 applicants for every job, should make it real easy to replace any of those that decide to leave SD for greener pastures, and I hope they take their Winter coats, because I think it will be a bleak Winter Nationwide...

0

Sign in to comment