City government · Bay County, FL

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

In the latest recorded fiscal year (ended September 30, 2023), Panama City took in $175 million and spent $154 million.

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

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Where it comes from

Fees for services (water, ports and waterways)33%City taxes29%Federal tax money23%Fines and other11%State tax money3.6%County and local tax money1.3%

What stands out

23%

of Panama City's money comes from federal tax money.A typical U.S. city of 10,000 to 50,000 people gets 1.2%.

City taxes29%

Other taxes
19%$33.5 million
What's in other taxesOccupation and business licenses; public utility taxes and 3 more
  • Occupation and business licenses$17.8 million
  • Public utility taxes$7.0 million
  • Other licenses$6.4 million
  • Motor fuel taxes$1.4 million
  • Insurance premium taxes$875 thousand

Amounts are by Census tax category.

Property tax
7.3%$12.9 million
Sales tax
2.7%$4.7 million

Fees for services33%

Fees for services
33%$57.2 million
What's in fees for servicesWater; ports and waterways and 5 more
  • Water$25.5 million
  • Ports and waterways$18.7 million
  • Garbage collection$9.7 million
  • Parks and recreation$2.1 million
  • Other service charges$852 thousand
  • Road charges$242 thousand
  • Parks, land and natural resources$7 thousand

Amounts are by Census type of charge.

Federal tax money23%

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

From the federal government
23%$40.0 million

State tax money3.6%

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

From the state
3.6%$6.4 million

County and local tax money1.3%

Money passed on by the county or other local governments.

From the county and other local governments
1.3%$2.4 million

Fines and other11%

Interest, rents and other
10%$18.0 million
Fines
0.3%$469 thousand

Where it goes

Roads, transit and parking23%Water, sewer, trash and utilities22%Police, fire, courts and jails22%Running the government and other costs19%Parks, recreation and libraries8.3%All other spending5.2%

What stands out

23%

of Panama City'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%

Roads, transit and parking
23%$35.3 million
What's in roads, transit and parkingToll roads and bridges and roads and highways
  • Toll roads and bridges$22.6 million
  • Roads and highways$12.7 million
Water, sewer, trash and utilities
22%$34.6 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$26.1 million
  • Garbage and solid waste$8.4 million
  • Gas supply$82 thousand
Police, fire, courts and jails
22%$33.8 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$18.9 million
  • Fire protection$13.4 million
  • Courts and legal services$1.5 million
Running the government and other costs
19%$29.4 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$14.1 million
  • Central staff services (personnel, purchasing, technology)$9.2 million
  • Other and not broken out$6.1 million
Parks, recreation and libraries
8.3%$12.8 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$12.8 million
Environment and natural resources
1.7%$2.6 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$2.6 million
Housing and community development
1.7%$2.6 million
Interest on debt
1.5%$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
Health and hospitals
0.3%$455 thousand
What's in health and hospitalsPublic health
  • Public health$455 thousand
Sources and moreWhere these numbers come from and what they cover

City of Panama City. 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 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.