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.
RELATED: Hotel del Coronado suspends operations amid coronavirus
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.
RELATED: San Diego COVID-19 Tracker: County reports third death
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.
