Town of Parma — Financial Data

16,217 Population FY 2024

$298 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$154 Part-Town Per Capita Spending Outside villages only FY 2024

1.3% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

0.0 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Hilton (pop. 6,027). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, debt service, employee benefits, general government, health, public safety, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: community services, debt service, employee benefits, general government, health, public safety, transportation, utilities).

Villages in Parma

Total village population: 6,027 (37% of town)

Village of Hilton pop. 6,027

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

6.3% Poverty Rate 2023

34.0% Bachelor's+ Rate 2023

5.3% Unemployment Rate 2023

84.4% Homeownership Rate 2023

Median Household Income

$93,142 (2023)

2010 2023

Per Capita Income

$38,254 (2023)

2010 2023

Median Home Value

$199,300 (2023)

2010 2023

Median Gross Rent

$1,105 (2023)

2010 2023

Median Age

41.2 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.4 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2024

Fiscal Health

Debt Outstanding

$560,659 (2024)

2011 2024

Full Value of Taxable Property

$1,403,580,138 (2024)

2011 2024

Debt Service

$186,528 (2024)

1995 2024

Debt Service %

1.3% (2024)

1995 2024

Town-Wide Per Capita Spending

$298 (2024)

2010 2024

Part-Town Per Capita Spending

$154 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

0.0 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

0.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$5,131,260 (2024)

1995 2024

Sales And Use Tax

$3,235,191 (2024)

1995 2024

Charges For Services

$1,720,883 (2024)

1995 2024

State Aid

$1,594,353 (2024)

1995 2024

Use And Sale Of Property

$1,083,480 (2024)

1995 2024

Top Expenditures

Culture And Recreation

$4,128,373 (2024)

1995 2024

Transportation

$3,460,418 (2024)

1995 2024

General Government

$3,027,892 (2024)

1995 2024

Employee Benefits

$2,528,922 (2024)

1995 2024

Community Services

$597,599 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Parma OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Parma OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Parma FSMS Report 2024	FSMS_MONITORING
2023	Town of Parma Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Parma OSC Annual Financial Report 2023	OSC_TOWN_CSV_AFR

View all 84 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 260364200000

School Details

Not applicable for this entity type.