City government · Clay County, AR

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

In the latest recorded fiscal year (ended December 31, 2023), Corning took in $5.3 million and spent $4.5 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

City taxes46%Fees for services (water, garbage collection)25%Fines and other16%State tax money5.8%Federal tax money3.8%County and local tax money3.0%

What stands out

31%

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

City taxes46%

Sales tax
31%$1.6 million
Other taxes
9.3%$490 thousand
What's in other taxesPublic utility taxes; occupation and business licenses and 1 more
  • Public utility taxes$471 thousand
  • Occupation and business licenses$16 thousand
  • Other licenses$3 thousand

Amounts are by Census tax category.

Property tax
6.1%$321 thousand

Fees for services25%

Fees for services
25%$1.3 million
What's in fees for servicesWater; garbage collection and 4 more
  • Water$460 thousand
  • Garbage collection$304 thousand
  • Sewer$279 thousand
  • Parks and recreation$164 thousand
  • Airport$82 thousand
  • Other government-run businesses$13 thousand

Amounts are by Census type of charge.

Federal tax money3.8%

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

From the federal government
3.8%$199 thousand

State tax money5.8%

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

From the state
5.8%$305 thousand

County and local tax money3.0%

Money passed on by the county or other local governments.

From the county and other local governments
3.0%$157 thousand

Fines and other16%

Interest, rents and other
12%$610 thousand
Fines
4.9%$257 thousand

Where it goes

Water, sewer, trash and utilities24%Roads, transit and parking23%Police, fire, courts and jails22%Running the government and other costs15%Parks, recreation and libraries14%All other spending2.0%

What stands out

14%

of Corning's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
24%$1.1 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; water supply and 1 more
  • Garbage and solid waste$527 thousand
  • Water supply$444 thousand
  • Sewer systems$119 thousand
Roads, transit and parking
23%$1.0 million
What's in roads, transit and parkingAirports and roads and highways
  • Airports$662 thousand
  • Roads and highways$375 thousand
Police, fire, courts and jails
22%$988 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$870 thousand
  • Fire protection$73 thousand
  • Courts and legal services$45 thousand
Running the government and other costs
15%$690 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$243 thousand
  • Finance, tax collection and budgeting$220 thousand
  • Central staff services (personnel, purchasing, technology)$202 thousand
  • Other government-run businesses$25 thousand
Parks, recreation and libraries
14%$636 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$626 thousand
  • Libraries$10 thousand
Health and hospitals
1.1%$48 thousand
What's in health and hospitalsPublic health
  • Public health$48 thousand
Interest on debt
0.9%$41 thousand
Sources and moreWhere these numbers come from and what they cover

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