City government · Fairbanks North Star Borough, AK

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

In the latest recorded fiscal year (ended December 31, 2023), Fairbanks took in $67.7 million and spent $52.4 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

City taxes47%Fines and other32%Fees for services (garbage collection, road charges)10%Federal tax money6.8%State tax money4.2%

What stands out

31%

of Fairbanks' money comes from interest, rents and other revenue.A typical U.S. city of 10,000 to 50,000 people gets 4.9%.

City taxes47%

Property tax
28%$18.9 million
Other taxes
19%$12.9 million
What's in other taxesOther selective sales taxes; alcoholic beverage taxes and 4 more
  • Other selective sales taxes$6.3 million
  • Alcoholic beverage taxes$2.6 million
  • Occupation and business licenses$1.3 million
  • Other licenses$1.1 million
  • Tobacco taxes$1.1 million
  • Motor fuel taxes$517 thousand

Amounts are by Census tax category.

Fees for services10%

Fees for services
10%$6.9 million
What's in fees for servicesOther service charges; garbage collection and 2 more
  • Other service charges$3.7 million
  • Garbage collection$2.3 million
  • Road charges$747 thousand
  • Parking$208 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%$4.6 million

State tax money4.2%

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

From the state
4.2%$2.8 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$25 thousand

Fines and other32%

Interest, rents and other
31%$21.2 million
Fines
0.7%$462 thousand

Where it goes

Running the government and other costs37%Police, fire, courts and jails35%Water, sewer, trash and utilities22%Roads, transit and parking4.2%Housing and community development1.2%All other spending1.0%

What stands out

37%

of Fairbanks' spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
37%$19.4 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$10.8 million
  • Government buildings$3.9 million
  • Finance, tax collection and budgeting$3.6 million
  • Central staff services (personnel, purchasing, technology)$1.1 million
Police, fire, courts and jails
35%$18.1 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$9.0 million
  • Police$8.3 million
  • Inspections and regulation$623 thousand
  • Courts and legal services$142 thousand
Water, sewer, trash and utilities
22%$11.6 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$11.6 million
Roads, transit and parking
4.2%$2.2 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$2.0 million
  • Parking$214 thousand
Housing and community development
1.2%$639 thousand
Social services
0.8%$409 thousand
What's in social servicesOther public welfare
  • Other public welfare$409 thousand
Interest on debt
0.2%$116 thousand
Sources and moreWhere these numbers come from and what they cover

City of Fairbanks. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Fairbanks 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.