SAN DIEGO (KGTV) -- San Diego Mayor Kevin Faulconer said Thursday that the city is expected to see a major decline in tax revenue due to the coronavirus.
Faulconer said the city usually takes in an estimated $300 million in sales tax throughout the fiscal year.
This year, however, the city is expected to lose $26 million in sales tax alone.
Similarly, Faulconer added that the city could lose as much as $83 million in tourism tax.
The news comes the day after the famous Hotel del Coronado announced its closure amid the COVID-19 pandemic.
In total, Faulconer said current projections put the city at a $109 million dollar loss for the fiscal year, which ends June 30.
"We have been saving for a rainy day. This is a hurricane," Faulconer said.
The mayor said the federal stimulus package making its way through Washington should offer some help, but urged lawmakers to further help cities financially.
During the news conference, Faulconer also said a San Diego lifeguard tested positive for coronavirus. His condition isn't clear at this time.
The announcement was made shortly after county health officials announced a third death due to the virus.