City government · Kenai Peninsula Borough, AK

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

In the latest recorded fiscal year (ended December 31, 2023), Homer took in $34.3 million and spent $28.8 million.

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

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Where it comes from

City taxes52%Fees for services (ports and waterways, water)33%Fines and other7.8%State tax money7.2%

What stands out

38%

of Homer's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes52%

Sales tax
38%$13.0 million
Property tax
14%$4.6 million
Other taxes
0.4%$126 thousand
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$79 thousand
  • Other licenses$47 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$11.3 million
What's in fees for servicesPorts and waterways; water and 4 more
  • Ports and waterways$6.2 million
  • Water$2.3 million
  • Sewer$2.0 million
  • Other service charges$560 thousand
  • Airport$219 thousand
  • Parks and recreation$54 thousand

Amounts are by Census type of charge.

State tax money7.2%

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

From the state
7.2%$2.5 million

Fines and other7.8%

Interest, rents and other
7.8%$2.7 million
Fines
<0.1%$4 thousand

Where it goes

Roads, transit and parking27%Running the government and other costs27%Police, fire, courts and jails21%Water, sewer, trash and utilities19%Parks, recreation and libraries5.2%All other spending2.0%

What stands out

27%

of Homer's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
27%$7.7 million
What's in roads, transit and parkingPorts and harbors; roads and highways and 1 more
  • Ports and harbors$5.1 million
  • Roads and highways$2.3 million
  • Airports$240 thousand
Running the government and other costs
27%$7.7 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$4.1 million
  • Central staff services (personnel, purchasing, technology)$2.0 million
  • Government buildings$880 thousand
  • Finance, tax collection and budgeting$731 thousand
Police, fire, courts and jails
21%$5.9 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$3.3 million
  • Fire protection$1.8 million
  • Prisons and jails$834 thousand
Water, sewer, trash and utilities
19%$5.4 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$3.2 million
  • Sewer systems$2.2 million
  • Gas supply$2 thousand
Parks, recreation and libraries
5.2%$1.5 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.1 million
  • Parks and recreation$433 thousand
Interest on debt
1.1%$310 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$237 thousand
  • Interest on water supply debt$73 thousand
Health and hospitals
1.0%$277 thousand
What's in health and hospitalsPublic health
  • Public health$277 thousand
Environment and natural resources
<0.1%$1 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Homer. 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 Homer 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.