Statement: “When I got elected with the city our reserves were practically gone,” San Diego City Council President Ben Hueso said at a Chula Vista candidates forum March 12.
Analysis: Reserves, or extra cash at the end of each year, are a key indicator of a city’s financial health. They show if a city can weather unexpected natural disasters or economic calamities by having enough money in the bank.
Fact Check: When the City Had No Reserves
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