The dire fiscal prognosis comes one week before the City Council is scheduled to meet on Saturday "to lay out priorities and a framework" for the 2025-2027 Operating Budget.

The five-year forecast shows that General Fund expenditures will "significantly exceed revenues" until Fiscal Year 2028-29, even with the use of new business license and parking facility taxes, said Finance Director Oscar Santiago.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2025/March-2025/03_03_2025_City_Must_Use_Savings_to_Stay_Afloat.html

AND: https://www.santamonica.gov/blog/city-council-to-discuss-biennial-budget-plan-focused-on-economic-growth