City government · Bay County, FL

Panama City Beach's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2023), Panama City Beach took in $130 million and spent $106 million.

Latest recorded year: ended September 30, 2023Comes fromGoes to

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Where it comes from

Fees for services (water, sewer)32%City taxes27%Fines and other21%County and local tax money14%State tax money4.3%Federal tax money0.6%

What stands out

14%

of Panama City Beach's money comes from county and other local tax money.A typical U.S. city of 10,000 to 50,000 people gets 0.8%.

City taxes27%

Other taxes
25%$32.6 million
What's in other taxesOccupation and business licenses; public utility taxes and 3 more
  • Occupation and business licenses$24.3 million
  • Public utility taxes$6.1 million
  • Other licenses$1.3 million
  • Insurance premium taxes$608 thousand
  • Motor fuel taxes$318 thousand

Amounts are by Census tax category.

Property tax
2.0%$2.6 million

Fees for services32%

Fees for services
32%$41.6 million
What's in fees for servicesWater; sewer and 4 more
  • Water$21.2 million
  • Sewer$17.3 million
  • Parks and recreation$2.2 million
  • Road charges$677 thousand
  • Other service charges$157 thousand
  • Parks, land and natural resources$58 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$761 thousand

State tax money4.3%

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

From the state
4.3%$5.6 million

County and local tax money14%

Money passed on by the county or other local governments.

From the county and other local governments
14%$18.7 million

Fines and other21%

Interest, rents and other
21%$27.0 million
Fines
0.6%$833 thousand

Where it goes

Water, sewer, trash and utilities29%Police, fire, courts and jails25%Roads, transit and parking19%Parks, recreation and libraries11%Running the government and other costs9.8%All other spending5.0%

What stands out

19%

of Panama City Beach's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
29%$31.1 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$16.2 million
  • Sewer systems$14.9 million
Police, fire, courts and jails
25%$27.1 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$12.4 million
  • Fire protection$12.4 million
  • Inspections and regulation$1.8 million
  • Courts and legal services$453 thousand
Roads, transit and parking
19%$20.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$20.5 million
Parks, recreation and libraries
11%$11.9 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$11.6 million
  • Libraries$273 thousand
Running the government and other costs
9.8%$10.4 million
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$9.3 million
  • Central staff services (personnel, purchasing, technology)$673 thousand
  • Other and not broken out$479 thousand
Environment and natural resources
2.8%$3.0 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$3.0 million
Interest on debt
2.2%$2.4 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$1.7 million
  • Interest on water supply debt$654 thousand
Sources and moreWhere these numbers come from and what they cover

City of Panama City Beach. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended September 30, 2023.

What this covers. The money of City of Panama City Beach 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.