City government · Lonoke County, AR

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

In the latest recorded fiscal year (ended December 31, 2023), Cabot took in $41.5 million and spent $74.4 million.

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

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Where it comes from

City taxes46%Fees for services (water, garbage collection)23%Fines and other11%County and local tax money11%State tax money8.0%Federal tax money0.8%

What stands out

36%

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

City taxes46%

Sales tax
36%$14.8 million
Other taxes
5.5%$2.3 million
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$1.6 million
  • Other licenses$708 thousand

Amounts are by Census tax category.

Property tax
5.4%$2.3 million

Fees for services23%

Fees for services
23%$9.3 million
What's in fees for servicesWater; garbage collection and 4 more
  • Water$5.2 million
  • Garbage collection$1.9 million
  • Sewer$1.4 million
  • Parks and recreation$761 thousand
  • Other service charges$93 thousand
  • Road charges$18 thousand

Amounts are by Census type of charge.

Federal tax money0.8%

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

From the federal government
0.8%$328 thousand

State tax money8.0%

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

From the state
8.0%$3.3 million

County and local tax money11%

Money passed on by the county or other local governments.

From the county and other local governments
11%$4.5 million

Fines and other11%

Interest, rents and other
10%$4.2 million
Fines
1.2%$481 thousand

Where it goes

Running the government and other costs33%Police, fire, courts and jails20%Parks, recreation and libraries17%Water, sewer, trash and utilities13%Roads, transit and parking12%All other spending4.9%

What stands out

17%

of Cabot's spending goes to parks, recreation and libraries.A typical U.S. city of 10,000 to 50,000 people spends 5.6%.

Spending by category100%

Running the government and other costs
33%$24.9 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$22.3 million
  • Central staff services (personnel, purchasing, technology)$2.0 million
  • Finance, tax collection and budgeting$560 thousand
  • Government buildings$39 thousand
Police, fire, courts and jails
20%$14.9 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$9.5 million
  • Fire protection$5.0 million
  • Courts and legal services$431 thousand
Parks, recreation and libraries
17%$12.8 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$12.8 million
Water, sewer, trash and utilities
13%$9.6 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$4.1 million
  • Sewer systems$3.6 million
  • Garbage and solid waste$1.9 million
Roads, transit and parking
12%$8.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$8.6 million
Interest on debt
4.5%$3.3 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$3.3 million
  • Interest on water supply debt$53 thousand
Sent to other local governments
0.4%$288 thousand
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$288 thousand
Health and hospitals
<0.1%$26 thousand
What's in health and hospitalsPublic health
  • Public health$26 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cabot. 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 Cabot 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.