City government · Los Angeles County, CA
Torrance's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Torrance took in $510 million and spent $487 million.
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Where it comes from
What stands out
of Torrance's money comes from sales tax.A typical U.S. city of 50,000+ people gets 7.8%.
City taxes52%
What's in other taxesPublic utility taxes; other selective sales taxes and 4 more
- Public utility taxes$53.0 million
- Other selective sales taxes$12.6 million
- Occupation and business licenses$10.8 million
- Other licenses$7.9 million
- Real estate and stock transfer taxes$912 thousand
- Other taxes not classified elsewhere$611 thousand
Amounts are by Census tax category.
Fees for services24%
What's in fees for servicesWater; other service charges and 5 more
- Water$53.0 million
- Other service charges$21.1 million
- Airport$18.3 million
- Garbage collection$15.9 million
- Sewer$6.9 million
- Parks and recreation$4.9 million
- Transit fares$3.3 million
Amounts are by Census type of charge.
Federal tax money2.1%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money6.1%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money5.6%
Money passed on by the county or other local governments.
Fines and other10%
Where it goes
What stands out
of Torrance's spending goes to roads, transit and parking.A typical U.S. city of 50,000+ people spends 10%.
Spending by category100%
What's in police, fire, courts and jailsPolice; fire protection and 2 more
- Police$89.7 million
- Fire protection$43.8 million
- Inspections and regulation$5.9 million
- Courts and legal services$3.0 million
What's in roads, transit and parkingPublic transit; roads and highways and 1 more
- Public transit$64.5 million
- Roads and highways$37.2 million
- Airports$7.3 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
- Central staff services (personnel, purchasing, technology)$45.9 million
- Other and not broken out$23.0 million
- Finance, tax collection and budgeting$7.9 million
- Government buildings$1.2 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
- Water supply$55.7 million
- Garbage and solid waste$15.3 million
- Sewer systems$3.7 million
What's in parks, recreation and librariesParks and recreation and libraries
- Parks and recreation$19.7 million
- Libraries$5.9 million
What's in health and hospitalsPublic health
- Public health$18.3 million
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
- Sent to local governments: other and not broken out$15.0 million
- Sent to the state government$316 thousand
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
- Interest on general debt$12.6 million
- Interest on water supply debt$61 thousand
- Interest on public transit debt$12 thousand
Sources and moreWhere these numbers come from and what they cover
City of Torrance. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.
What this covers. The money of City of Torrance 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.