The city of San Diego will have to make mid-year budget cuts — and do them sooner rather than later — in response to the tanking economy, Jay Goldstone, the city’s chief operating officer said today.

The city’s hand is being forced by sharply declining revenue across the board, including sales taxes, property taxes and transient occupancy taxes.

“We will have to go back to City Council and revisit the budget,” Goldstone said.

Goldstone has yet to sit down with Mayor Jerry Sanders to lay out a specific plan to present to Council. When that meeting does happen, he indicated that there will be few easy choices.

“We have been cutting for years, the low hanging fruit is gone,” he said. “We will have to look at it more methodically.”


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