Financial reserves
ARE EQUIVALENT TO
ARE EQUIVALENT TO
15%
of the annual operating and
revenue-supported capital budget.
revenue-supported capital budget.
Diverse revenue sources
- Local Taxes: 65%
- Fines/Licenses/Permits: 16%
- Charges for Services: 12%
- Investments/Rents: 4%
- Other: 3%
Santa Monica's AAA rating helps keep the cost of borrowing low - as Santa Monica is a safe investment.
Buy
Local
Campaign
Local
Campaign
ENCOURAGES LOCAL SHOPPING, REDUCES TRAVEL,
AND INCREASES LOCAL TAX REVENUE
AND INCREASES LOCAL TAX REVENUE
854
SANTA MONICA BUSINESSES
PARTICIPATED IN THE
BUY LOCAL CAMPAIGN.
PARTICIPATED IN THE
BUY LOCAL CAMPAIGN.
$
1,560,000
In savings
100% of City Departments' electricity is clean power, compared to traditional SCE power which resulted in a savings of $2.56 million compared to $1.56 the year prior.