At last night’s meeting, the Santa Monica City Council reviewed and approved adjustments to the midyear budget . The budget responds to softening revenues that are impacting the City sooner than originally projected. A $2 million shortfall is expected this budget period predominantly due to a reduction in Transient Occupancy Tax from hotel guests.   

Read More: https://www.santamonica.gov/press/2020/02/26/city-council-approves-midyear-budget-and-continues-budget-restructuring