In order to see how Coronado compares to other cities in San Diego county, we spent some time and crunched the numbers relating to our total remaining redevelopment debt.
By way of background, Coronado reports our total remaining redevelopment debt to the state of California every six months since 2012, hoping the state distributes to us the public funds (tax dollars) necessary to pay off our redevelopment debt (make recognized obligated payments). These reports are made on documents called ROPSs (recognized obligated payment schedules with our redevelopment debt broken into line items) that are calculated by city staff. Then the ROPSs are reviewed and approved by a vote of our mayor and city council in public during regular council meetings before they are sent to the state.
For every city in our county, we looked at the 2010 federal population census figures, the self-reported redevelopment debt on their ROPS 3 (recognized obligated payments schedule, commonly known as redevelopment debt statements), and added San Diego County along with a few of the largest California cities to compare for good measure. Since the federal census is conducted every 10 years, we used the best population information available because it's the most recent and the most accurate. It’s the same information that’s relied upon by other professionals in all fields.
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We then put the data into one bar graph and three tables.
The bar graph is at the top of this post. It shows that Coronado's redevelopment debt per capita is the highest of any city in San Diego County.
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The first table below shows that Coronado is the third smallest city in San Diego county in terms of population. Yet we have more redevelopment debt per capita than the county of San Diego, and the cities of Los Angeles and San Jose. In addition, we come rather close to the per capita redevelopment debt of San Francisco. Note that Encinitas and Del Mar have no redevelopment debt because they declined to declare their towns blighted so they never formed a redevelopment agency. Unlike us, Del Mar and Encinitas have no redevelopment debt and none of the problems that come with it.
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