The city of San Diego’s projected budget shortfall for the next fiscal year has ballooned by nearly $10 million because of new data from the municipal employees’ pension system, financial management staff reported Tuesday.
The looming deficit could force spending cuts or delays in implementing new projects and initiatives.
In a report issued two months ago, city officials estimated that they would have to close a $37 million gap between revenues and expenses when budgeting for the fiscal year that begins July 1.
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