After decades of being financially in the green, the City of Santa Monica is forecasted to go into the red over the next decade as it pays off $448 million in unpaid pensions to the state. 

At a special Santa Monica City Council study session on Tuesday, April 30, City staff previewed the budget strategy for the next two years.

The City predicts a lack in funding for the budget if they don’t reduce expenses.

Read More: https://smmirror.com/2019/05/cutting-jobs-programming-for-city-budget-shortfall/