While the Santa Monica’s fiscal outlook looks strong for the next two years, a dramatic rise in pension costs threatens the City’s ongoing stability, according to a nearly 400 page budget released by the City Manager’s Office Wednesday.

Even if national economic growth continues over the next two years, the City faces a $3.8 million General Fund deficit in 2019 that balloons to $19 million in 2021, according to current estimates. Pensions and workers’ compensation present the most significant pressures on the budget.

Read More: http://smdp.com/city-anticipates-deficits-in-coming-years/160993

AND: http://www.smobserved.com/story/2017/05/18/news/city-of-santa-monica-proposes-spending-20-more-money-next-year-than-this-year-calls-it-sustainable/2907.html