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Pocket Change: The Bottom Line

The dreaded structural deficit...

Steven Bartholow,

Tuesday, March 2, 2010

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Erik Bruvold - CPI deserves credit for its “The Bottom Line” report first issued in 2005. But there are two critical factors that suggest that buyers should beware before they accept it as a blueprint for overcoming the City of San Diego’s fiscal malaise.
First, California property tax revenues are not equally distributed among local jurisdictions. Second, one should not confuse revenue with tax burden.