{"id":5686,"date":"2021-03-31T10:00:52","date_gmt":"2021-03-31T17:00:52","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=5686"},"modified":"2021-03-31T10:20:16","modified_gmt":"2021-03-31T17:20:16","slug":"san-diegos-reliance-on-tourism-leaves-the-city-in-a-tough-spot-financially-amidst-pandemic","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=5686","title":{"rendered":"San Diego’s reliance on tourism leaves the city in a tough spot financially amidst pandemic"},"content":{"rendered":"

Written by Joey Brasil<\/span><\/p>\n

The ongoing pandemic has exposed how reliant San Diego\u2019s budget is on tourism.\u00a0<\/span><\/p>\n

Per Todd Gloria, prior to the bailout by the federal government, the city discussed tremendous cuts along with a \u201cstructural budget deficit.\u201d\u00a0<\/span><\/p>\n

The hotel room tax, or the Transient Occupancy Tax, contributed so much to the city\u2019s budget that the city was not prepared for the downfall that followed as a result of the pandemic.\u00a0<\/span><\/p>\n

Per Alan Gin, an economist at the University of San Diego, \u201cSan Diego is a big tourist destination, so when a lot of people stayed at hotels, the TOT then brought a lot of revenue as far as the city\u2019s concerned, and not having it blows a big hole in the city\u2019s budget.\u201d<\/span><\/p>\n

San Diego isn\u2019t expecting to go back to normal times, in regard to tourism, until half a decade has gone by. Therefore, the city needs to cut all the unnecessary expenditures out of its budget. Getting rid of the unnecessary spending won\u2019t solve San Diego\u2019s reliance on tourism, but it would relieve the budget somewhat by lessening costs that the city currently faces.\u00a0<\/span><\/p>\n

While the budget is not a huge problem at the moment, that is only because congressional demcorats passed a COVID-19 relief bill that bailed out big cities. When those additional funds dry up, San Diego will still face its extreme reliance on tourism.\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Written by Joey Brasil The ongoing pandemic has exposed how reliant San Diego\u2019s budget is on tourism.\u00a0 Per Todd Gloria, prior to the bailout by the federal government, the city discussed tremendous cuts along with a \u201cstructural budget deficit.\u201d\u00a0 The hotel room tax, or the Transient Occupancy Tax, contributed so much to the city\u2019s budget…<\/p>\n","protected":false},"author":3,"featured_media":5344,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nSan Diego's reliance on tourism leaves the city in a tough spot financially amidst pandemic - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=5686\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego's reliance on tourism leaves the city in a tough spot financially amidst pandemic - 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