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Municipal Indebtedness by City (Bonds & Special Assessments)
Los Angeles County
Fiscal Year 1996-1997

Editor’s Note: In all fairness to those cities with high debt per resident, this may be due to necessary and recently issued infrastructure bonds. Check with your own city government to find out the status and purpose of these. Those cities with low debt may have paid off similar bonds and assessments long ago. This chart merely captures a "moment-in-time" snapshot of municipal debt.

City

Bonds & Other Long-Term Debt

Special Assessment Act Bonds & Other Special Debt

Total Indebtedness

Est. Population 1/1997

Total Indebtedness per Resident

Agoura Hills

$ 129,504

$ 0

$ 129,504

21,350

$ 6.07

Alhambra

1,626,019

7,770,000

9,396,019

89,300

105.22

Arcadia

0

0

0

51,800

0

Artesia

0

0

0

16,550

0

Avalon

2,779,986

0

2,779,986

3,440

808.14

Azusa

0

0

0

44,550

0

Baldwin Park

8,653,787

2,502,488

11,156,275

74,300

150.15

Bell

20,429

0

20,429

36,700

0.56

Bell Gardens

5,595,000

0

5,595,000

44,150

126.73

Bellflower

0

22,641

22,641

65,900

0.34

Beverly Hills

219,268,000

0

219,268,000

33,650

6,516.14

Bradbury

0

0

0

900

0.00

Burbank

103,374,463

1,595,000

104,969,463

102,300

1,026.09

Calabasas

0

0

0

19,150

0

Carson

0

14,850,000

14,850,000

89,400

166.11

City

Bonds & Other Long-Term Debt

Special Assessment Act Bonds & Other Special Debt

Total Indebtedness

Est. Population 1/1997

Total Indebtedness per Resident

Cerritos

0

0

0

56,000

0

Claremont

3,626,838

115,000

3,741,838

34,350

108.93

Commerce

860,765

0

860,765

12,850

66.99

Compton

7,575,000

21,065,000

28,640,000

94,300

303.71

Covina

1,615,000

2,981,124

4,596,124

46,350

99.16

Cudahy

30,774

0

30,774

24,650

1.25

Culver City

21,592,727

9,360,000

30,952,727

40,950

755.87

Diamond Bar

13,560

0

13,560

56,500

0.24

Downey

4,775,000

0

4,775,000

98,400

48.53

Duarte

0

0

0

22,100

0

El Monte

0

0

0

114,900

0

El Segundo

0

7,155,000

7,155,000

16,200

441.67

Gardena

0

39,970,000

39,970,000

57,300

697.56

Glendale

5,510,000

11,746,623

17,256,623

195,200

88.40

Glendora

85,193

0

85,193

51,800

1.64

City

Bonds & Other Long-Term Debt

Special Assessment Act Bonds & Other Special Debt

Total Indebtedness

Est. Population 1/1997

Total Indebtedness per Resident

Hawaiian Gardens

0

0

0

14,650

0

Hawthorne

0

0

0

77,500

0

Hermosa Beach

0

0

0

18,900

0

Hidden Hills

0

0

0

1,920

0

Huntington Park

2,408,810

7,850,000

10,258,810

60,700

169.01

Industry

180,425,000

0

180,425,000

690

261,485.51

Inglewood

39,276,883

0

39,276,883

117,100

335.41

Irwindale

0

0

0

1,160

0

La Canada Flintridge

17,324

0

17,324

20,300

0.85

La Habra Heights

0

3,940,000

3,940,000

6,600

596.97

La Mirada

0

0

0

46,500

0

La Puente

0

0

0

40,750

0

City

Bonds & Other Long-Term Debt

Special Assessment Act Bonds & Other Special Debt

Total Indebtedness

Est. Population 1/1997

Total Indebtedness per Resident

La Verne

9,743,717

19,490,000

29,233,717

32,850

889.92

Lakewood

6,009,327

0

6,009,327

78,100

76.94

Lancaster

9,410,000

43,425,000

52,835,000

124,900

423.02

Lawndale

183,108

0

183,108

29,850

6.13

Lomita

0

0

0

20,250

0

Long Beach

1,192,531,438

61,761,000

1,254,292,438

440,900

2,844.85

Los Angeles

7,025,920,000

149,050,591

7,174,970,591

3,674,500

1,952.64

Lynwood

12,504,424

0

12,504,424

66,500

188.04

Malibu

0

0

0

12,450

0

Manhattan Beach

0

4,810,000

4,810,000

34,450

139.62

Maywood

146,998

0

146,998

29,400

5.00

Monrovia

1,432,702

0

1,432,702

39,350

36.41

Montebello

0

27,595,000

27,595,000

62,700

440.11

Monterey Park

1,857,686

0

1,857,686

64,500

28.80

City

Bonds & Other Long-Term Debt

Special Assessment Act Bonds & Other Special Debt

Total Indebtedness

Est. Population 1/1997

Total Indebtedness per Resident

Norwalk

0

0

0

100,800

0

Palmdale

985,107

98,330,000

99,315,107

114,600

866.62

Palos Verdes Estates

0

0

0

14,150

0

Paramount

0

310,000

310,000

54,500

5.69

Pasadena

108,835,000

195,115,000

303,950,000

138,700

2,191.42

Pico Rivera

22,470,000

0

22,470,000

61,700

364.18

Pomona

42,369,129

18,464,000

60,833,129

141,100

431.13

Rancho Palos Verdes

0

157,791

157,791

43,050

3.67

Redondo Beach

6,074,337

970,000

7,044,337

64,600

109.05

Rolling Hills

0

0

0

2,000

0

Rolling Hills Estates

0

0

0

8,275

0

Rosemead

0

0

0

55,000

0

City

Bonds & Other Long-Term Debt

Special Assessment Act Bonds & Other Special Debt

Total Indebtedness

Est. Population 1/1997

Total Indebtedness per Resident

San Dimas

14,410

 

14,410

35,700

0.40

San Fernando

 

1,945,000

1,945,000

23,850

81.55

San Gabriel

26,994

0

26,994

39,950

0.68

San Marino

0

0

0

13,550

0

Santa Clarita

5,608,432

0

5,608,432

131,100

42.78

Santa Fe Springs

4,393,367

0

4,393,367

15,850

277.18

Santa Monica

55,402,025

3,740,000

59,142,025

91,200

648.49

Sierra Madre

2,985,000

0

2,985,000

11,300

264.16

Signal Hill

10,274,334

0

10,274,334

8,850

1,160.94

South El Monte

0

0

0

21,950

0

South Gate

14,918,033

3,955,000

18,873,033

91,900

205.36

South Pasadena

314,196

0

314,196

25,100

12.52

Temple City

0

0

0

33,400

0

City

Bonds & Other Long-Term Debt

Special Assessment Act Bonds & Other Special Debt

Total Indebtedness

Est. Population 1/1997

Total Indebtedness per Resident

Torrance

7,315,000

50,225,000

57,540,000

141,200

407.51

Vernon

0

4,705,000

4,705,000

80

58,812.50

Walnut

0

0

0

31,900

0

West Covina

1,540,082,451

2,056,637,536

3,596,719,987

103,200

34,851.94

West Hollywood

6,514

29,185,000

29,191,514

37,500

778.44

Westlake Village

0

970,000

970,000

7,925

122.40

Whittier

13,130,000

10,790,000

23,920,000

83,200

287.50

Totals & Averages

$ 10,704,203,791

$ 2,912,553,794

$ 13,616,757,585

8,479,940

Avg. $ 1,605.76

Source: California Office of the State Controller

 

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