 In October 2015, Moody's Investors Service upgraded general obligation debt of the Borough of Paramus from Aa1 to Aaa, in light of the low levels of debt and the strength of the borough's financial operations, reserve levels, tax base, management practices and levels of wealth.Paramus is located in the 5th Congressional District and is part of New Jersey's 38th state legislative district.As of March 23, 2011, there were a total of 16,874 registered voters in Paramus, of which 4,454 (26.4% vs. 31.7% countywide) were registered as Democrats, 3,474 (20.6% vs. 21.1%) were registered as Republicans and 8,938 (53.0% vs. 47.1%) were registered as Unaffiliated.