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Finance Department

City Hall | 16400 Colorado Avenue | Paramount, CA 90723 | (562) 220-2200
M-Th: 8:00 a.m. to 5:30 p.m. & F: 8:00 a.m. to 5:00 p.m. | Director, Karina Lam

The City of Paramount has traditionally been on sound financial ground, showing budget surpluses consistently over the last decade. The City takes a conservative approach to managing its investments to ensure that important services such as public safety, capital improvements, and recreation programs are properly funded. State and federal financial organizations have given the City awards for its financial reporting and management for the last 25 years.

ROPS Payment Schedule

On January 28, 2020, the County Oversight Board approved the Recognized Obligations Payment Schedule (ROPS 20-21) for the period July 1, 2020 through June 30, 2021. The ROPS was submitted to the California Department of Finance for review.

Additional information about the elimination of redevelopment agencies can be found on the California Department of Finance's website.

California Department of Finance