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Federal Coronavirus Funding Boosted San Diego County’s City Finances

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Federal Coronavirus Funding Boosted San Diego County’s City Finances
An aerial view of Petco Park stadium in San Diego, on March 20, 2020. Sean M. Haffey/Getty Images
John Moorlach
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Commentary

For the 12 months ending on June 30, 2022, the coronavirus lockdown by California Gov. Gavin Newsom was still in effect. His implementation of this lengthy and heavy-handed measure would be in place for another eight months. But, in March 2022, the Federal Reserve Board made the first of 11 interest rate hikes to slow down the economy amid concerns about rising inflation.

John Moorlach
John Moorlach
Author
John Moorlach is the director of the California Policy Center's Center for Public Accountability. He has served as a California State Senator and Orange County Supervisor and Treasurer-Tax Collector. In 1994, he predicted the County's bankruptcy and participated in restoring and reforming the sixth most populated county in the nation.