Borough government · Fairbanks North Star Borough, AK

Fairbanks North Star Borough's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Fairbanks North Star Borough took in $408 million and spent $423 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Borough taxes37%State tax money37%Fees for services (gas, garbage collection)13%Federal tax money6.8%Fines and other6.3%

What stands out

37%

of Fairbanks North Star Borough's money comes from state tax money.A typical U.S. county of 50,000 to 250,000 people gets 22%.

Borough taxes37%

Property tax
35%$142 million
Other taxes
2.0%$8.3 million
What's in other taxesOther selective sales taxes; tobacco taxes and 3 more
  • Other selective sales taxes$3.9 million
  • Tobacco taxes$1.4 million
  • Alcoholic beverage taxes$1.3 million
  • Public utility taxes$1.3 million
  • Other licenses$441 thousand

Amounts are by Census tax category.

Fees for services13%

Fees for services
13%$54.2 million
What's in fees for servicesGas; garbage collection and 6 more
  • Gas$29.9 million
  • Garbage collection$14.3 million
  • Other school charges$3.3 million
  • Other service charges$3.0 million
  • School lunches$1.6 million
  • Parks and recreation$1.6 million
  • Transit fares$548 thousand
  • School tuition and transportation$17 thousand

Amounts are by Census type of charge.

Federal tax money6.8%

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

From the federal government
6.8%$27.8 million

State tax money37%

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

From the state
37%$150 million

Fines and other6.3%

Interest, rents and other
6.3%$25.8 million
Fines
<0.1%$64 thousand

Where it goes

Schools and colleges55%Sent to other local governments13%Water, sewer, trash and utilities11%Running the government and other costs6.0%Roads, transit and parking5.3%All other spending11%

What stands out

55%

of Fairbanks North Star Borough's spending goes to schools and colleges.Most U.S. counties of 50,000 to 250,000 people spend nothing on this.

Spending by category100%

Schools and colleges
55%$231 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$231 million
Sent to other local governments
13%$54.0 million
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$54.0 million
Water, sewer, trash and utilities
11%$45.3 million
What's in water, sewer, trash and utilitiesGas supply and garbage and solid waste
  • Gas supply$35.4 million
  • Garbage and solid waste$9.9 million
Running the government and other costs
6.0%$25.5 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$11.3 million
  • Other and not broken out$8.5 million
  • Finance, tax collection and budgeting$5.7 million
Roads, transit and parking
5.3%$22.6 million
What's in roads, transit and parkingPublic transit and roads and highways
  • Public transit$17.8 million
  • Roads and highways$4.8 million
Parks, recreation and libraries
3.8%$16.1 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$9.7 million
  • Libraries$6.4 million
Police, fire, courts and jails
2.7%$11.2 million
What's in police, fire, courts and jailsFire protection
  • Fire protection$11.2 million
Interest on debt
2.1%$9.0 million
What's in interest on debtInterest on general debt and interest on gas supply debt
  • Interest on general debt$7.3 million
  • Interest on gas supply debt$1.7 million
Health and hospitals
2.0%$8.3 million
What's in health and hospitalsPublic health
  • Public health$8.3 million
Environment and natural resources
<0.1%$29 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$29 thousand
Sources and moreWhere these numbers come from and what they cover

Fairbanks North Star Borough. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Fairbanks North Star Borough 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.