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City Council Approves Midyear Budget

02/26/2020 4:31 PM | Margaret Fulton (Administrator)

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

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