This document represents the City of San Diego’s first true examination of its long range fiscal condition and financial challenges. For years the City operated on a year-to-year basis and ignored or never attempted to identify the long-term affects of its decisions or how they might pay for them. As a result, paying down the City’s long-term liabilities have not been addressed and setting aside funding to maintain City physical and financial assets had not been a priority. The 5-year financial outlook changes the city's approach funding physical and financial assests