Santa Monica City Council Establishes Economic Development Ad Hoc Subcommittee to Address Budget Deficit
The Santa Monica City Council has established an Economic Development Ad Hoc Subcommittee to address the city's budget deficit, appointing key council members to spearhead this initiative. The council aims to prepare a biennial budget for 2025-27 that focuses on economic growth, cost savings, and prioritizing public safety. This strategic move reflects the city's commitment to overcoming financial challenges exacerbated by the COVID-19 pandemic.