Town Hall · Panama

Panama, OK town hall & government

Panama spent $1.1 million in the year to June 30, 2022, about $837 per resident.

Where the money goes, where it comes from, property taxes, and how to reach Panama's government.

Town budget · Census estimate

Where Panama's money goes

Spent
$1.1 million
fiscal year to June 30, 2022
Per resident
$837
typical Oklahoma cities: $1,647
Long-term debt
$1 million
$741 per resident
Police
$356,00031%
Water & other utilities
$225,00020%
Sewer & trash
$166,00015%
Roads & transportation
$151,00013%
Administration & buildings
$127,00011%
Fire
$61,0005%
Interest on debt
$51,0004%

Where the money comes from

  • Sales taxes 37%
  • Fees & charges 21%
  • Interest, fines & other 21%
  • Utility sales 17%
  • From the state 3%
  • From the federal government 2%

Panama didn't report all of its 2022 figures to the Census Bureau, so most of these numbers are the Bureau's estimates.

Town workforce

Who works for Panama

Full-time staff
9
25 part-time too
Average full-time pay
$28,300
a year, before benefits
Sworn police officers
3
full-time, with power of arrest
Fire
0 full-time14 part
Police
3 full-time2 part
Administration & buildings
0 full-time6 part
Sewer & trash
2 full-time1 part
Roads & transportation
1 full-time
Water & other utilities
1 full-time
Other
2 full-time2 part

Staff on the town's payroll in March 2022. Pay is March payroll times twelve, so it's approximate.

Schools · school year 2023–24

Panama Public Schools

Panama's K–12 school district. It is its own government, with a budget separate from the town's.

Spending per pupil
$12,132
Oklahoma: $12,210
Students
755
in the whole district
Long-term debt
$1.1 million
at year end

Where the district's money comes from Oklahoma districts overall: 42% local, 45% state, 14% federal

  • Local 30%
  • State 52%
  • Federal 18%

Of the $12,132 per pupil, $6,909 goes to classroom instruction (teachers, aides, supplies); the rest to support services such as buses, buildings, counselors and administration. Building projects and debt payments aren't in the per-pupil figure.

Property tax

What homeowners in Panama pay

Typical tax bill
$667
a year · Oklahoma typical $1,599
Effective rate
0.53%
of home value · Oklahoma 0.80%
Typical home value
$124,800
owner-occupied

The median yearly bill homeowners report, covering every local property tax on the home (town, schools, county). The effective rate is that bill divided by the median home value, so it's a rough guide, not the official tax rate. In a town this small the survey estimate has a wide margin.

Local

Contact Panama's government

Town hall & decisions in Panama →

Beyond town hall

Who represents Panama

Panama is represented in Congress by Senators James Lankford and Alan Armstrong and Representative Josh Brecheen. Kevin Stitt is governor.

All of Panama's representatives, with contacts →

Budget: U.S. Census Bureau, 2022 Census of Governments: Finance (every city and town government's revenue, spending and debt, grouped into plain categories). Property tax: Census American Community Survey, 5-year estimates.

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Boundary source: https://tigerweb.geo.census.gov/arcgis/rest/services/TIGERweb/Places_CouSub_ConCity_SubMCD/MapServer/18 · 2025-01-01