By Shawn Raymundo
The coming year will ideally be one in which the city of San Juan Capistrano can achieve “fiscal certainty” through business diversification, Mayor Brian Maryott hopes.
As the city’s newly appointed mayor for the next year, Maryott would like to diversity San Juan Capistrano’s revenue stream from sales taxes, which he noted currently relies heavily on auto dealerships.
“We are very dependent on our auto dealerships for revenue,” Maryott said. “It’s an inordinate share of annual recurring revenue . . . and I think it will be helpful to our city to diversify our revenue streams.”