City government · Pike County, AL

Troy's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2023), Troy took in $90.8 million and spent $75.6 million.

Latest recorded year: ended September 30, 2023Comes fromGoes to

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Where it comes from

Fees for services (electric power, water)59%City taxes30%County and local tax money7.5%Fines and other1.6%State tax money1.4%Federal tax money<0.1%

What stands out

18%

of Troy's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes30%

Sales tax
18%$16.1 million
Other taxes
10%$9.5 million
What's in other taxesPublic utility taxes; other selective sales taxes and 4 more
  • Public utility taxes$6.2 million
  • Other selective sales taxes$1.4 million
  • Occupation and business licenses$976 thousand
  • Motor fuel taxes$505 thousand
  • Alcoholic beverage taxes$310 thousand
  • Tobacco taxes$36 thousand

Amounts are by Census tax category.

Property tax
2.2%$2.0 million

Fees for services59%

Fees for services
59%$53.6 million
What's in fees for servicesElectric power; water and 5 more
  • Electric power$42.1 million
  • Water$5.2 million
  • Sewer$4.8 million
  • Garbage collection$793 thousand
  • Parks and recreation$628 thousand
  • Transit fares$69 thousand
  • Airport$28 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
<0.1%$59 thousand

State tax money1.4%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
1.4%$1.2 million

County and local tax money7.5%

Money passed on by the county or other local governments.

From the county and other local governments
7.5%$6.8 million

Fines and other1.6%

Interest, rents and other
1.1%$1.0 million
Fines
0.5%$434 thousand

Where it goes

Water, sewer, trash and utilities58%Police, fire, courts and jails20%Running the government and other costs12%Parks, recreation and libraries4.5%Interest on debt4.3%Roads, transit and parking0.9%

What stands out

58%

of Troy's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
58%$43.6 million
What's in water, sewer, trash and utilitiesElectric power; garbage and solid waste and 2 more
  • Electric power$32.7 million
  • Garbage and solid waste$5.2 million
  • Sewer systems$2.9 million
  • Water supply$2.8 million
Police, fire, courts and jails
20%$15.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$8.5 million
  • Fire protection$5.7 million
  • Courts and legal services$773 thousand
  • Inspections and regulation$296 thousand
Running the government and other costs
12%$9.4 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$5.2 million
  • Other and not broken out$4.2 million
Parks, recreation and libraries
4.5%$3.4 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.7 million
  • Libraries$679 thousand
Interest on debt
4.3%$3.2 million
What's in interest on debtInterest on general debt; interest on electric power debt and 1 more
  • Interest on general debt$2.3 million
  • Interest on electric power debt$669 thousand
  • Interest on water supply debt$275 thousand
Roads, transit and parking
0.9%$717 thousand
What's in roads, transit and parkingPublic transit
  • Public transit$717 thousand
Sources and moreWhere these numbers come from and what they cover

City of Troy. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended September 30, 2023.

What this covers. The money of City of Troy itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.