February 8, 2018 -- Cobbling together a record $45 million payment last year for unfunded employee pensions helped postpone a deficit at Santa Monica City Hall, but millions of dollars in red ink are coming anyway, according to a new fiscal forecast.

When the City was formulating a $1.57-billion biennial budget for fiscal years 2017-2019, the finance director warned City spending was outpacing revenue and -- combined with a slowing of the economy -- would face escalating deficits from fiscal years 2019-2020 to 2021-2022.

In an update to the City Council, officials now say the City has skirted a deficit next year, primarily because of the pension paydown it made last year

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