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Panama City Beach

City of Panama City Beach: who runs it, what it spends and owes, how its commission votes, and what the auditors found, all from public records.

Data updated Oct 20, 2026
Residents19,5812025 state estimate
Budget$282.2MAdopted Aug 28, 2025 · $14,413 per resident
New budget$262.8MFY2027 · adopted Sept 2026
Property tax rateNoneNo city property tax
Debt$87.6M$4,471 per resident · FY2025

Who's in charge

Council-city manager (home-rule city); mayor plus four ward council members

Elected

  • MayorStuart Tettemeruntil 2028
  • Ward 1Paul Castountil 2026
  • Ward 2Ethan Registeruntil 2028
  • Ward 3Mary Coburnuntil 2026
  • Ward 4 (Vice Mayor)Michael Jarmanuntil 2028

Appointed staff

  • City ManagerDrew Whitman
  • Assistant City ManagerHolly White

Top pay

  • City Manager$150,000Drew Whitman 2021 (initial base salary in employment agreement, Res. 21-148)

Website · Contact · All officials

Money in, money out

Adopted Aug 28, 2025 budget · general fund $71.9M

Where the money comes from

Business tax receipts$19.7M
Cash carry-forward (difference to balance)$13.1M
Licenses, permits & assessments$8.7M
Intergovernmental (state shared/sales tax)$6.6M
Utility taxes$6.1M
Grants$4.9M
Other fees & miscellaneous$4.6M
Franchise fees$3.6M
Contributions & donations$1.9M
Transfers in$1.6M
Impact fees$1.3M

What the general fund pays for

Law enforcement$22.7M
Fire$14.4M
Recreation$13.9M
Streets$11.4M
Administration, executive, legislative & legal$5.6M
Building$3.0M
Planning$547K
Library$369K

Panama City Beach levies no city property tax. Its Front Beach Road CRA receives tax-increment payments, mainly from Bay County (about $22.2M a year, according to the county). The FY2026 budget lists a $22.2M reimbursement from the CRA trust fund. Source

The council approved the budget unanimously. News coverage cited a general budget of about $72 million, with law enforcement as the largest item at nearly $23 million. Source

City of Panama City Beach FY 2026 Annual Budget · Compare every government's budget · Budget explorer

Debt

FY2025 (year ended 2025-09-30)

$87.6M owed — about $4,471 per resident. Governmental revenue bonds $56,915,000 + unamortized premium $5,474,131 (both Front Beach Road CRA bond issues, carried on the city's books) + utility revenue bonds $23,540,000 + developer revenue certificates $1,619,665 + lease $5,946. Excludes compensated absences ($2,788,350), pension and OPEB. All bonds are direct placements.

Kind of debtOwed
Revenue bonds$80,455,000
Bond premium$5,474,131
Revenue certificates to developers$1,619,665
Leases$5,946

Audited financial statements · All local debt

What the auditors found

FY2025: 0 findings · FY2024: 2 findings · FY2023: 0 findings

No findings in the latest audit.

FY2025 audit · All audit findings

How they voted

94 money votes recorded · 14 split (15%)

Most recent split votes

  1. Aug 6, 2025 · 4-1
    Cut bulk waste pickup funding in half

    Voted no: Michael Jarman

  2. Jun 26, 2025 · 3-2
    Raised Front Beach Road CRA assessment by 2%

    Voted no: Michael Jarman, Mary Coburn

  3. Sep 12, 2024 · 3-2
    Moved city elections from April to November

    Voted no: Stuart Tettemer, Mary Coburn

  4. Aug 22, 2024 · 3-2
    Advanced moving city elections to November

    Voted no: Stuart Tettemer, Mary Coburn

All Panama City Beach votes, by member

Contracts

44 major contracts since October 2022 · $86.3M

Largest

  • Florida Department of Transportation · $21.8M Utility work by highway contractor agreement for SR 30 widening, Richard Jackson Blvd to Hathaway Bridge (about $20M utilities relocation) (2025-10-23) Source
  • Florida Department of Transportation · $12.4M Utility work agreement for SR 30 widening, Nautilus St to Richard Jackson Blvd (initial estimate of utility work cost) (2023-01-26) Source
  • Core & Main, LP · $8.7M Advanced metering infrastructure (AMI) installation and implementation for water and reclaimed meters, five-year not-to-exceed (2025-04-24) Source

All Panama City Beach contracts

Projects, recovery and bills

Sales tax projects36 of 39completed · 0 in progress · map
Hurricane Michael$2.3MFEMA rebuilding money, 13 projects · details
Panama City Beach CRA$80.4Mdocumented spending, 47 records · map and ledger
Typical utility bill$87.42a month at 5,000 gallons, garbage not included · compare

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