Nuggets of good news brightened the gloomy overtones of the City’s midyear budget review — like the announcement of a $30 million influx of unanticipated revenues, which ever so slightly lessens the sting of the $188 million in revenue lost and over 420 staff positions cut as a result of the pandemic.

This $30 million difference between the forecasted general fund revenues from Fiscal Year 2021 to 2022 and what is now expected signals that Santa Monica’s economy is rebounding faster than predicted. 

Read More: https://www.smdp.com/city-revenues-rebound-yet-economic-recovery-remains-elusive/213511