Welcome to the City of Santa Monica Finance Department
The mission of the Finance Department is to provide sound business, financial and risk management support to internal and external customers, ensuring continuation of public services to the residents, visitors and businesses of Santa Monica through the protection of financial resources.
Santa Monica's geographic location and its diversified tax revenue base allows the local economy to weather fluctuations with minimal impact, protecting the City from downturns that impact one or a limited number of sectors of the economy. The City continues its long history of adopting balanced budgets and maintains healthy reserves to protect itself from shock losses. Prudent financial management has earned the City a AAA bond rating since 1995, and clean audits for over 30 years.
Sales Tax Changes
Santa Monica’s sales tax rate is 9.25% as of January 1. The Sales Tax page contains a 2017 sales tax rate schedule and explanation of rate changes.
Marijuana Licensing Update
The City will not be accepting applications for any cannabis-related businesses until further notice. Click here for more information.
Paid Sick Leave
The paid sick leave provision of Santa Monica's minimum wage law is effective as of January 1. Find resources and learn more at smgov.net/minimumwage.
FY 2016-18 Capital Budget
The City's biennial FY 2016-18 Capital Budget is now available.
Interactive Fees & Rates Website
Search for fees and rates by fee name, category, keyword, or department.
Santa Monica is committed to transparent financial management. View the City's credit ratings, recent financial status updates, and additional financial data.