Mayor Kevin Faulconer is scheduled Thursday to unveil a $3.3 billion spending plan for the city of San Diego’s next fiscal year, which begins July 1.
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 also 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 on Tuesday.
The spending plan is scheduled to be presented to the City Council next week. The council members will comb through the budget in May and adopt it in June.
–City News Service
