City government · Los Angeles County, CA

Paramount's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Paramount took in $67.9 million and spent $83.1 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

City taxes65%Fees for services (water, parks and recreation)14%Federal tax money8.6%State tax money7.0%Fines and other4.9%County and local tax money0.3%

What stands out

27%

of Paramount's money comes from sales tax.A typical U.S. city of 50,000+ people gets 7.8%.

City taxes65%

Sales tax
27%$18.5 million
Other taxes
23%$15.5 million
What's in other taxesOther taxes not classified elsewhere; public utility taxes and 3 more
  • Other taxes not classified elsewhere$7.2 million
  • Public utility taxes$6.2 million
  • Occupation and business licenses$989 thousand
  • Other licenses$894 thousand
  • Real estate and stock transfer taxes$168 thousand

Amounts are by Census tax category.

Property tax
15%$10.2 million

Fees for services14%

Fees for services
14%$9.5 million
What's in fees for servicesWater; other service charges and 5 more
  • Water$8.4 million
  • Other service charges$898 thousand
  • Parks and recreation$91 thousand
  • Garbage collection$79 thousand
  • Road charges$14 thousand
  • Sewer$4 thousand
  • Transit fares$1 thousand

Amounts are by Census type of charge.

Federal tax money8.6%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
8.6%$5.8 million

State tax money7.0%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
7.0%$4.8 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$187 thousand

Fines and other4.9%

Interest, rents and other
3.3%$2.2 million
Fines
1.6%$1.1 million

Where it goes

Running the government and other costs40%Roads, transit and parking22%Police, fire, courts and jails17%Parks, recreation and libraries11%Water, sewer, trash and utilities8.7%All other spending1.6%

What stands out

40%

of Paramount's spending goes to running the government and other costs.A typical U.S. city of 50,000+ people spends 16%.

Spending by category100%

Running the government and other costs
40%$33.1 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$22.3 million
  • Central staff services (personnel, purchasing, technology)$9.6 million
  • Finance, tax collection and budgeting$1.2 million
Roads, transit and parking
22%$18.7 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$18.3 million
  • Public transit$384 thousand
Police, fire, courts and jails
17%$13.8 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 1 more
  • Police$12.8 million
  • Inspections and regulation$469 thousand
  • Courts and legal services$460 thousand
Parks, recreation and libraries
11%$9.0 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$9.0 million
Water, sewer, trash and utilities
8.7%$7.2 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$7.2 million
Housing and community development
1.2%$1.0 million
Interest on debt
0.4%$318 thousand
Health and hospitals
<0.1%$1 thousand
What's in health and hospitalsPublic health
  • Public health$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Paramount. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Paramount itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.