**CITY OF SANTA MONICA CLOSURE ADVISORY MESSAGE**

To protect the health and safety of the public during the COVID-19 pandemic, City Hall and most public counters facilities are closed to the public until further notice. The Permit Services Center in City Hall East is open Monday through Thursday from 8am-12pm by appointment only. To schedule an appointment click here.

The Finance Department continues to provide services during this time as most of our staff is working from home and can be reached as follows:

Accounts Payable
finance.mailbox@smgov.net
310.458.8258

Billing & Water
billing.collections@smgov.net
310.458.8224

Budget 
finance.mailbox@smgov.net
310.458.8281

Business License &
Performance Permits
business.license@smgov.net
310.458.8745

Payroll
payroll.office@smgov.net
310.458.2201, ext 2542

Procurement
procurement@smgov.net
310.458.8241

Treasury
treasury@smgov.net
310.458.8741

Risk Management
riskmanagement@smgov.net
310.458.8910

General Inquiries
finance.mailbox@smgov.net
310.458.8281

In order to make deliveries you will need to call the main phone line for the appropriate department when you arrive at the location. Do not leave packages outside the front doors. Please find a comprehensive list of phone numbers here. You may find an updated list of all closures here.


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.

Headlines


FY 2021-23 Adopted Budget

On June 22, 2021, the City Council unanimously adopted a balanced biennial budget for FY 2021–23 focused on community priorities of a safe and clean Santa Monica, addressing homelessness, and an equitable and inclusive economic recovery. Adoption of the Biennial Budget comes as Santa Monica emerges from the COVID-19 pandemic and cultivates a revitalized local economy that reflects and serves our diverse community. The adopted budget is $707.8 million in FY 2021-22. Learn more

Permit Services Center is Open Effective June 14, 2021

Effective June 14, 2021: The Permit Services Center is open Monday through Thursday 8am-12pm by appointment. Please click the link here to schedule an appointment. 

Measure SM - Increase in Documentary Transfer Tax for Essential Services

On November 3, 2020 voters approved Measure SM, a ballot measure increasing the Documentary Transfer Tax on property transfers valued at $5 million or more to $6 per $1,000 transfer value.  The measure does exempt certain affordable housing projects from the higher tier tax. For more information on how to calculate the tax or to apply for an exemption or refund, click here. To read the Measure in its entirety, click here

Para leer información sobre la Iniciativa de Ley SM en Español, haga clic aquí.

Credit Card Convenience Fee

As of January 1, 2021, all credit/debit card transactions will incur a convenience fee charged by the processor of either 2.95% or between $1 and $3.50, depending on the transaction type. E-checks remain a no-cost alternative. Learn more 

Development Impact Fees Report

For the purpose of compliance under the Mitigation Fee Act (Government Code 66000-66025), the following Development Impact Fees Report is presented for FY 2019-20. This Annual Report also provides the required annual reporting for the Child Care Linkage Fee per SMMC Section 9.65.090. Click here to read the report.

Compensation

Learn about what makes up Santa Monica pay and benefits, the City's compensation philosophy, and see a two-page snapshot and high level view of Santa Monica's pensions.

Sales Tax Rate

Santa Monica’s sales tax rate is 10.25%.  The Sales Tax page shows more detail.

Transparency

Santa Monica is committed to transparent financial management.  View the City's credit ratings, recent financial status updates, and additional financial data.