Faulconer to present a $3.3B spending plan for FY 2017
SAN DIEGO (KUSI) — A $3.3 billion spending plan for the 2017 fiscal year will be unveiled by the mayor Thursday.
Mayor Kevin Fualconer will present the budget that would take effect July 1 if the San Diego City Council approves it. It will be presented to the council next week who will use the month of May to comb through the budget before it is adopted in June.
The mayor’s office said the proposed Fiscal Year 2017 budget includes “major gains” in street repair and neighborhood infrastructure and calls for an expansion of services.
The proposal is expected to include an increase in the city’s budget reserves, which will be hiked incrementally from 14 percent to 16.7 percent over the next several years under a plan approved by the City Council Tuesday.