City of San Diego Fell Behind $191 Million in First Year of Pandemic

Commentary The state of California issued its annual comprehensive financial report some 15 months after the customary due date, making it the last of the nation’s 50 states to complete this required task (see Long Overdue Financial Report for California Brings Bad News, March 18, 2024). Don’t think for a minute that the Franchise Tax Board will give you any grace should you file your personal income tax returns late, especially with the financial shape Gov. Gavin Newsom has put his state in (see California Has Largest Unrestricted Net Deficit in US, March 19, 2024). The idiom, the fish rots from the head, is true for the Golden State. Because California has 482 cities, I provide rankings by Caltrans regions. One is San Diego and Imperial Counties. But three cities in Imperial County have been extremely tardy in completing this accounting function....