For the City of Santa Monica, the “probable” scenario shows the General Fund experiencing a potential shortfall of $0.2 million in the 2017-2018 fiscal year that rockets to $16.4 million by the fiscal year of 2021-2022.

The City’s unfunded pension liability of $387 million...

Read More:  http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/January-2017/01_26_2017_Forecast_Predicts_Slowing_in_Santa_Monica_Economy.html

and

http://smdp.com/employee-benefits-and-uncertain-economy-threaten-city-surplus/159447