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

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.