Budget
In FY 2026-27, General Fund expenditures are projected to be $49.4 million while General Fund revenues are projected at $48.8 million, resulting in a $545,457 budget gap.* The City’s long-term financial projections show that revenues will not keep up with expenses, particularly regarding capital investments in our streets, parks, and other city facilities. The City is exploring ways to address these future concerns. Learn more by visiting our Budget Update webpage.
Budget Process
The budget is prepared under the direction of the City Manager by the Finance Department. In early spring of each year, departments are directed to submit budgetary requests to the Finance Department for review. While expenditure requests are being prepared, projections of revenues for the year are developed. The requests and projections are presented to the City Manager. The City Manager reviews the expenditure requests and revenue projections, makes necessary deletions and additions, and recommends a budget to the City Council. The preparation of this budget is made possible by the efforts of the Finance staff.
Adopted Budgets
Budget at a Glance
The Budget at a Glance document is a summary snapshot of Paramount’s financial plan that makes it easier for anyone to understand. This quick read guides you through the City’s strategic priorities, the general fund, expenditures, and major improvement projects.