{"id":8312,"date":"2022-02-28T13:46:07","date_gmt":"2022-02-28T20:46:07","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=8312"},"modified":"2022-02-28T13:46:07","modified_gmt":"2022-02-28T20:46:07","slug":"many-california-cities-including-san-diego-deemed-fiscally-unhealthy","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=8312","title":{"rendered":"Many California Cities Including San Diego Deemed Fiscally Unhealthy"},"content":{"rendered":"

Written by William Hekman<\/p>\n

A new report by Truth in Accounting<\/a> \u2014 a nonpartisan American think tank \u2014 paints an ugly picture for the majority of California\u2019s democrat-run cities. 15 California cities were analyzed in the group\u2019s \u201cFiscal State of the Cities.\u201d<\/span><\/p>\n

12 of the 15 California cities were placed in the red category \u2014 symbolizing a taxpayer burden. San Diego was one of the cities that received a \u201cD\u201d grade, or a taxpayer burden of $0-$4,900, while Sacramento, Santa Ana, Los Angeles, and Anaheim all have between $4,300 and $6,600 of a taxpayer burden.<\/span><\/p>\n

San Diego currently has $2,981,343,000 needed to pay the bills, paired with $3,508,374,000 of unfunded pension benefits. $462,516,000 is the number needed for healthcare retirees, and $6,400 per taxpayer is the precise amount that San Diego is in the hole.\u00a0<\/span><\/p>\n

Governments in the Bay area have demonstrated even more incompetence when it comes to maintaining fiscal responsibility. Cities like Oakland, San Jose, and San Francisco all received a \u201cD\u201d grade by Truth in Accounting.<\/a>\u00a0<\/span><\/p>\n

Perhaps unsurprisingly, San Francisco’s Breed administration has the worst deficit in California, amounting to $19,000 per taxpayer.<\/span><\/p>\n

Last year, the entirety of California received an \u201cF\u201d grade on fiscal health<\/a> with a deficit of $264 billion and a $21,000 taxpayer burden. Brandon Ristoff of the California Policy Institute suggests that this bleak calculation can be attributed to city leaders acting like \u201cteenagers who have a credit card with no limits.\u201d\u00a0<\/span><\/p>\n

If California leaders don\u2019t emphasize a balanced budget going forward, then Ristoff says a plethora of city workers inevitably will \u201close the retirement benefits they\u2019re counting on.\u201d<\/span><\/p>\n

Photo Cred: Shutterstock\/ Forbes<\/p>\n","protected":false},"excerpt":{"rendered":"

Written by William Hekman A new report by Truth in Accounting \u2014 a nonpartisan American think tank \u2014 paints an ugly picture for the majority of California\u2019s democrat-run cities. 15 California cities were analyzed in the group\u2019s \u201cFiscal State of the Cities.\u201d 12 of the 15 California cities were placed in the red category \u2014…<\/p>\n","protected":false},"author":3,"featured_media":8313,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nMany California Cities Including San Diego Deemed Fiscally Unhealthy - 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=8312\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Many California Cities Including San Diego Deemed Fiscally Unhealthy - 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