The economic impact that the World Cup games generates cannot be overstated. Hosting an event of this magnitude means 5,000-8,000 local jobs, potentially $350-$500 million in tourism revenue and a national economic impact of over $6 billion.
A few months ago, I became known for my comment that there was nothing sexier than a newly paved street. Though I can’t say that I find budget deficits nearly as stimulating, the City’s budget situation remains a formidable task to address and must remain at the forefront of my conversations with you.
The situation is compounded by the increasing cost of fighting fires as climate change, drought, and housing development in more isolated areas combine to burn hundreds of thousands of acres and cost the state more than $1 billion a year.