The Santa Monica City Council is expected Tuesday to consider declaring a fiscal emergency in the city — with officials saying the move is necessary to address financial strains from a reduction in tourism tax revenue and an increase in liability costs.
On Tuesday’s agenda, council members are scheduled to discuss and vote on a resolution to declare the fiscal emergency. A report noted that the resolution would provide Santa Monica with an official document that would better position the city for future grant funding and interactions with regulatory and governmental entities.
In June, the City Council approved the budget for the 2025-26 fiscal year with adjusted expenditures estimated at $484.3 million and $473.5 million in expected revenue. Financial forecasts anticipate the city will c