Diverse revenue sources
  • Local Taxes: 68%
  • Fines/Licenses/Permits: 15%
  • Charges for Services: 11%
  • Investments/Rents: 4%
  • Other: 2%
Santa Monica's AAA rating helps keep the cost of borrowing low - as Santa Monica is a safe investment.
Financial reserves
ARE EQUIVALENT TO
15%
of the annual operating and
revenue-supported capital budget.
Business Licenses
  • Payments
    Processed
    Online
  • All Other
    Payments
    Processed
36.7% of the 23,679 business licenses issued during FY 14/15 were processed online. This is a 21.6% increase from the previous year.
$ 1,560,000
In savings
100% of City Departments' electricity is clean power, compared to traditional SCE power which resulted in a savings of $1,560,000.
Supporting Education
FY-2013-14
$ 15,787,020
FY-2014-15
$ 16,123,188
The City supports education by funding Santa Monica-Malibu Unified School District $15,787,020 in FY 13/14 and $16,123,188 in FY 14/15.
Buy
Local
Campaign
ENCOURAGES LOCAL SHOPPING, REDUCES TRAVEL,
AND INCREASES LOCAL TAX REVENUE
800
SANTA MONICA BUSINESSES
PARTICIPATED IN THE
BUY LOCAL CAMPAIGN.