Although the city of Santa Monica is delaying, scaling back or canceling $40.4 million in capital projects through next June as municipal revenues dry up during the coronavirus shutdown, several major projects that predate the crisis are finished or nearing completion.

The city will cut its budget for capital improvement projects by 75%, eliminating or suspending projects that were in the bidding process, said city spokesperson Constance Farrell. Projects that will continue are either funded through grants or self-sustaining funds separate from the city’s general fund, which is projected to see a shortfall of $72 million this fiscal year and an additional gap of $154 million next fiscal year due to a steep drop in sales, hotel and parking tax revenues.

Read More: https://www.smdp.com/city-projects-nearing-completion/189996