The city of Santa Monica is facing a $2 million budget shortfall this fiscal year as tax revenue from tourism, brick-and-mortar retail and parking erodes more quickly than projected.

Officials said at Tuesday’s City Council meeting that the city needs to diversify its revenue sources to account for a forthcoming recession, ongoing shifts in how people shop and travel and ballooning pension costs.

Read More: https://www.smdp.com/city-council-discusses-putting-new-taxes-on-november-ballot/186805

AND: http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2020/February-2020/02_27_2020_City_Council_Hikes_Parking_Fines_Contemplates_Tax_Measures.html