Budget at a Glance FY 2026 - 2027
Balanced Budget for Over a Decade Interested in reading the FY 2026-27 budget in full?
www.ParamountCity.gov/Finance
Vision
Mission
A City that is safe, healthy and attractive
Dedicated to providing fiscally responsible services that maintain a vibrant community
Strategic Priorities & Objectives The City Council began the budget process by identifying the City's most important needs and goals, considering community priorities and organizing these into initiatives under four focus areas.
Enhance Public Safety & Emergency Preparedness
Support Community Health & Well-Being
Improve Economic Vitality & Infrastructure
Promote Civic Engagement & Sustainability
Strengthen regional partnerships, enhance emergency communications and invest in preparedness infrastructure.
Expand services, inclusive programs and development of spaces that foster physical, mental and social health.
Support local businesses, align development strategies and improve the condition and functionality of City infrastructure.
Track public space usage, advance sustainability initiatives and strengthen proactive communication with residents.
Find a full list of Paramount’s strategic priorities at www.ParamountCity.gov/Budget
1 · City of Paramount
FY 2026-27 General Fund Revenues: $48.8 million The General Fund is the primary operating fund of the City. General Fund revenues include taxes, license fees, permit fees, charges for services, investment earnings and a variety of other sources. Paramount receives various one-time and ongoing revenues to provide the resources to build fiscal strength, reinvest in the community, repair critical infrastructure and provide a multitude of services. The City continues to focus on key strategies to enhance revenue growth and efficiencies, such as evaluating service levels and utilizing technology to meet increasing demands. Sales Tax and Motor Vehicle In Lieu Tax continue to be the primary revenue sources for the General Fund, accounting for nearly 60% of total General Fund revenue.
GENERAL FUND REVENUE SOURCES
3.2%
$18,149,200 (37.2%)
Sales Tax & Measure Y
5.3
%
$12,551,600 (25.7%)
Property Tax and MVLF Utility Users Tax
$5,479,800 (11.2%)
Business License Tax
$3,885,000 (8.0%)
Franchise Fees
$2,600,000 (5.3%)
Use of Property
$2,086,000 (4.3%)
Other Revenues
$1,580,500 (3.2%)
Fines, Forfeitures and Penalties
$1,173,000 (2.4%)
User Fees and Charges
$762,900 (1.6%)
License and Permits
$588,100 (1.3%)
4.3%
2.4%
8.0
%
1.6% 1.3%
11.2% 37.2% 25.7%
GENERAL $50MFUND REVENUE 10 YEAR TREND $45M $40M $35M $30M $25M $20M $15M $10M $5M 0 FY 18
FY 19
FY 20
FY 21
FY 22
FY 23
FY 24
FY 25
FY 26
FY 26-27 Proposed
Sales Tax & Measure Y Tax
Motor Vehicle in Lieu Tax
Utility Users Tax
Business License Tax
Property Tax
Franchise Fees
Other Revenue
User Fees and Charges
License and Permits
FY 18: $7.7M - FY 26: $18M
FY 18: $1.2M - FY 26: $3.8M FY 18: $1.7M - FY 26: $1.5M
FY 18: $6M - FY 26: $9.2M
FY 18: $2.2M - FY 26: $3.3M FY 18: $450K - FY 26: $760K
FY 18: $3.7M - FY 26: $5.4M FY 18: $1.7M - FY 26: $2.6M FY 18: $500K - FY 26: $580K
Fines, Forfeitures and Penalties FY 18: $900K - FY 26: $1.1M
Budget at a Glance · 2
FY 2026-27 General Fund Expenditures: $49.4 million The General Fund's operating expenditures include salaries and benefits, supplies and services, facility equipment, maintenance and replacements and some major improvement projects. General Fund Budget Breakdown: The City of Paramount continues to address the needs and expectations of our community, while simultaneously proposing beneficial major improvement projects. Our budget maintains traditional services — which are needed for a City to function and provide what residents and businesses need — as well as the successful City programs and events to all residents.
BREAKDOWN OF GENERAL FUND Public Safety
$17,498,700 (35.8%)
Public Works
$11,116,300 (22.8%)
Community Services
$4,913,000 (10.1%)
Administration Services
$4,469,700 (9.2%)
Planning and Building
$3,875,800 (7.9%)
Finance
$3,567,100 (7.3%)
City Manager/City Clerk
$2,920,900 (6.0%)
Council/Commissions
$476,300 (1.0%)
7.9%
7.3%
1.0%
6.0%
9.2% 10.1% 35.8% 22.8%
GENERAL FUND EXPENDITURE 10 YEAR TREND $50M
$47.9M
$49.4M
$41.1M $40M
$30M
$37.8M $30.8M
$28.9M $24.6M
$29.5M
$26.1M
$25.6M
$20M
$10M
0 FY 18
FY 19
FY 20
FY 21
Salaries & Benefits
3 · City of Paramount
FY 22
FY 23
FY 24
FY 25
Maintenance, Supplies & Services
FY 26
Estimated
FY 26-27 Adopted
Notable Current Capital Improvement Projects: $17.3 million Your Tax Dollars at Work! ($150.3 million invested since 2017) Median Enhancements for Alondra Blvd. Estimated Project Cost: $4.6 Million Similar to the Downey Ave. median enhancement project, this project includes the removal and replacement of existing hardscape, installation of a new plant palette and upgraded irrigation system. The project covers all of Alondra from City limits to City limits.
Median Enhancements on Rosecrans Ave. and Garfield Ave. Estimated Project Cost: $4.6 Million This project includes the removal and replacement of existing hardscape, installation of a new plant palette and upgraded irrigation system. It aims to improve visual appeal, contributing to the overall beautification of the area and includes the retrofit of all medians on Rosecrans from City limits to City limits, as well as Garfield Ave.
Alley Improvements Estimated Project Cost: $800,000 Coming in the Spring of 2027 the alley west of Paramount Blvd, from Harrison Street to the City limits (near 70th Street), and the alley south of Marcelle Street from Garfield Ave. to Texaco Ave. are being added to the alley improvements project.
Playground Mat Replacement at Paramount Park Estimated Project Cost: $60,000 Replacement of rubberized mat at Paramount Park Playground area.
Saw/Hay Tree Community Room and Museum Estimated Project Cost: $1.2 Million
Six New Bus Shelter Amenities at Existing Bus Stop Locations Estimated Project Cost: $860,000 As part of the City’s commitment to enhancing transit infrastructure, staff has evaluated opportunities to expand shelter coverage at high-demand bus stop locations. Based on ridership data provided by Long Beach Transit, six bus stop locations have been identified as the highest ridership stops that currently lack shelter infrastructure. This project will improve the rider experience, support increased transit usage and enhance the City’s aesthetic. Design elements will focus on rider comfort, safety and durability and will include integrated canopy coverage, lighting, seating and signage. Shelters will be sized to accommodate seating while maintaining the required ADA clearances, including designed accessible seating areas with adequate weather protection. Lighting design will enhance nighttime visibility and safety while matching the previously installed shelter designs.
Locations • Rosecrans Ave. and Paramount Blvd. (southwest corner)
• Rosecrans Ave. and Orange Ave. (northwest corner)
• Rosecrans Ave. and Garfield Ave. (northwest corner)
• Downey Ave. and Flower St. (northeast on Downey)
• Alondra Blvd. and Garfield Ave. (southwest corner)
• Paramount Blvd. and Somerset Blvd. (southbound on Paramount)
The former Paramount Saw property located on the northwest corner of Paramount Blvd. and Harrison Street has been renamed the Hay Tree Public Market. This development will transform the property into a food hall, which will include a community meeting room and museum to showcase Paramount’s history.
Budget at a Glance · 4
What is Paramount Measure P? Measure P is a local ballot measure that will appear on the November 2026 ballot. The measure asks Paramount voters whether to establish a parcel tax on commercial and industrial properties without taxing residents. Visit ParamountCity.gov/Government/Property-Parcel-Tax/ to learn more about Measure P and its potential impact.
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Did You Know? You can view previously approved budgets on the City’s website. Scan here to learn more:
www.ParamountCity.gov/Finance