On Tuesday, June 25, the Santa Monica City Council adopted a balanced budget for fiscal year (FY) 2019-20, a Proposed Budget Plan for FY 2020-21 and a strategy for the future that focuses on “financial sustainability” and change in the way the City will manage success.

According to the City, fiscal policy over the next six years will focus on “fiscal sustainability and shifts emphasis to delivering outcomes by measuring and managing performance.” 

The final budget is $712.9 million for FY 2019-20 and $756.4 million for FY 2020-21. Last year’s adopted budget was $802.1 million. 

Read More: https://smmirror.com/2019/07/citys-2019-20-budget-includes-parking-rate-increases-reed-park-ambassador/