SAN DIEGO, Calif. (CNS) - San Diego County sales tax revenues will come in about $45.3 million below estimates this fiscal year, and property assessments are expected to drop 2.3 percent, the county's chief financial officer said today.
The reversal is stark. Property tax rolls had risen an average of 8.6 percent each year over the past decade, CFO Donald Steuer told the county Board of Supervisors.
Steuer said assessed property values were expected to drop about 2.3 percent this year and 1.4 percent next year.
"Revenues are falling, or failing to keep pace, while expenditures are increasing," Steuer said.
Without improved earnings from the county's pension fund, county employees will need to increase their pension payments, he said.
Steuer said the county's economic picture was clouded by uncertainty over what portion of local taxes the cash-strapped state would return to the county.
Supervisor Dianne Jacob called it "a very sobering report" and predicted she and her colleagues would have to make some "tough decisions" in the days ahead.
In other action, the board voted to join other jurisdictions in an energy conservation energy pilot program for homeowners and businesses. Property owners will be able to pay for solar panels, insulation and other weatherizing measures, improvements over 20 years as part of their property taxes.
"This is really a significant step in forming a reasonable and long-term energy policy," Supervisor Ron Roberts said. "This could reduce in the long term the energy demands we have in San Diego County."
Increasing solar energy production will enable the county and utilities to meet government requirements for deriving a greater portion of their electricity from renewable sources, Roberts said.
A free hepatitis A vaccine clinic was held in Chula Vista on Friday and the city is expecting to have hand washing stations installed in its five parks by next week.
Many of you are shopping or maybe you already have your Halloween costumes, but others are looking for 'CARstumes.'
A suspect armed with a knife and gun was fatally shot by police officers early Friday morning outside an Oceanside shopping center, police said.
There are renewed calls for more fan protection at ball parks after a terrifying accident at Yankee Stadium.
The Fleet Science Center's Impossible Science Festival aims to put perplexing, seemingly impossible challenges in front of kids to spark their curiosity and inspiring them to ask questions.
The low-pressure trough that has brought unseasonably cool weather to San Diego County will linger over the region Friday as fall gets set to begin just after 1 in the afternoon.
Six environmental non-profits were honored by San Diego Gas and Electric and the San Diego River Park Foundation as Earth 8 Eco Ambassadors for helping to protect our county’s watersheds and magnificent coastline. After the online voting period closed Tuesday, this year’s Eco Ambassador was selected.