City government · Yavapai County, AZ

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

In the latest recorded fiscal year (ended June 30, 2024), Prescott took in $186 million and spent $221 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

City taxes42%Fees for services (water, sewer)29%State tax money17%Fines and other6.4%Federal tax money4.0%County and local tax money1.4%

What stands out

37%

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

City taxes42%

Sales tax
37%$68.4 million
Other taxes
3.9%$7.2 million
What's in other taxesOther licenses; public utility taxes and 3 more
  • Other licenses$2.2 million
  • Public utility taxes$2.0 million
  • Other selective sales taxes$1.8 million
  • Other taxes not classified elsewhere$1.3 million
  • Occupation and business licenses$3 thousand

Amounts are by Census tax category.

Property tax
1.1%$2.0 million

Fees for services29%

Fees for services
29%$54.6 million
What's in fees for servicesWater; sewer and 4 more
  • Water$21.3 million
  • Sewer$14.9 million
  • Garbage collection$9.8 million
  • Parks and recreation$4.6 million
  • Other service charges$2.2 million
  • Airport$1.8 million

Amounts are by Census type of charge.

Federal tax money4.0%

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

From the federal government
4.0%$7.5 million

State tax money17%

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

From the state
17%$31.7 million

County and local tax money1.4%

Money passed on by the county or other local governments.

From the county and other local governments
1.4%$2.6 million

Fines and other6.4%

Interest, rents and other
5.9%$11.1 million
Fines
0.5%$927 thousand

Where it goes

Water, sewer, trash and utilities34%Running the government and other costs19%Roads, transit and parking19%Police, fire, courts and jails19%Parks, recreation and libraries7.7%All other spending1.6%

What stands out

19%

of Prescott's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
34%$74.4 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$31.6 million
  • Sewer systems$28.3 million
  • Garbage and solid waste$14.5 million
Running the government and other costs
19%$42.7 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$40.7 million
  • Central staff services (personnel, purchasing, technology)$1.3 million
  • Finance, tax collection and budgeting$702 thousand
Roads, transit and parking
19%$42.0 million
What's in roads, transit and parkingRoads and highways; airports and 1 more
  • Roads and highways$26.4 million
  • Airports$14.5 million
  • Parking$1.1 million
Police, fire, courts and jails
19%$41.5 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$23.0 million
  • Fire protection$16.2 million
  • Inspections and regulation$1.2 million
  • Courts and legal services$1.0 million
Parks, recreation and libraries
7.7%$17.1 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$14.0 million
  • Libraries$3.1 million
Interest on debt
1.4%$3.1 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.4 million
  • Interest on water supply debt$651 thousand
Housing and community development
0.2%$532 thousand
Sources and moreWhere these numbers come from and what they cover

City of Prescott. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Prescott 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.