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City Faces $226 Million Budget Gap

04/14/2020 9:05 AM | Margaret Fulton (Administrator)

The City of Santa Monica faces a $226 million budget gap by July 2021 that will force it to immediately slash services and offer buyouts to several hundred employees, according to a staff report to the City Council released Monday.

The report -- which will be taken up by the Council on Tuesday -- warns that the City is "facing massive deficits" to its budget after government-ordered shutdowns of its key industries.

Read More: http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2020/April-2020/04_13_2020_City_Faces_226_Million_Budget_Gap_Due_to_Coronavirus_Shutdown.html

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