Santa Monica’s Fiscal Meltdown: How Mass Settlements and Pandemic Woes Drained a Booming City
Once celebrated as a sun-drenched jewel of Southern California, the city of Santa Monica is now grappling with a profound fiscal crisis, prompting officials to declare a state of fiscal distress. This once-booming coastal enclave faces a stark reality of budget deficits, depleted reserves, and strained city services, a situation compounded by a confluence of…
