San Diego Mayor Todd Gloria will release a proposed budget Friday that increases spending on homelessness and flood prevention but cuts free city Wi-FI, help for immigrants and other low-profile programs. The mayor's proposal would avoid much deeper cuts with one-time moves like canceling $30 million in scheduled reserve contributions and borrowing $25 million to fund infrastructure projects instead of paying for them up front.
15 billion budget he's proposing. The move would mark the second time in less than two years that the city has softened its commitment to the goal of 16.7 percent, which is recommended by the Government Finance Officers Association. In late 2022, the City Council approved a plan that delayed from 2025 to 2030 achieving the goal. For this proposed budget, the amount of reserves needed would be $359 million. The mayor's proposal would delay that goal indefinitely.