San Diego Mayor Todd Gloria gave the State of the City Address on Wednesday, where he discussed the looming $258.2 million budget deficit the city faces.

Mayor Todd Gloria welcomed the era of austerity in his State of the City speech Wednesday, promising to tame a $258 million budget deficit this year. Driving the news: Shirking the pomp and circumstance of a Balboa Theatre evening address,

San Diego Mayor Todd Gloria called out other local cities, the county government and Caltrans Wednesday for not doing their share to help solve the region’s homelessness crisis. The mayor also announced a new homeownership program for middle-income residents,

A one-cent sales tax measure which could have shored up that deficit narrowly failed in November. As a result, Gloria and the city will have to determine how to maintain service levels and what must be cut.

Facing a $258M deficit, Mayor Gloria's address will focus on budget cuts, public safety, and the homelessness crisis at 3 p.m. Jan. 15.

Mayor Todd Gloria will have his first State of the City Address since winning re-election in November. He is expected to talk about the budget shortfall and how to keep the city’s priorities like homelessness,