Town government · Stone County, AR

Fifty Six's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Fifty Six took in $117 thousand and spent $108 thousand.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (garbage collection, water)44%Town taxes30%State tax money13%Fines and other8.5%County and local tax money5.1%

What stands out

20%

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

Town taxes30%

Sales tax
20%$23 thousand
Other taxes
6.0%$7 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$7 thousand

Amounts are by Census tax category.

Property tax
4.3%$5 thousand

Fees for services44%

Fees for services
44%$51 thousand
What's in fees for servicesGarbage collection; other service charges and 1 more
  • Garbage collection$30 thousand
  • Other service charges$20 thousand
  • Water$1 thousand

Amounts are by Census type of charge.

State tax money13%

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

From the state
13%$15 thousand

County and local tax money5.1%

Money passed on by the county or other local governments.

From the county and other local governments
5.1%$6 thousand

Fines and other8.5%

Interest, rents and other
8.5%$10 thousand

Where it goes

Running the government and other costs59%Roads, transit and parking15%Water, sewer, trash and utilities15%Police, fire, courts and jails8.3%Interest on debt2.8%

What stands out

59%

of Fifty Six's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
59%$64 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$64 thousand
Roads, transit and parking
15%$16 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$16 thousand
Water, sewer, trash and utilities
15%$16 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and water supply
  • Garbage and solid waste$12 thousand
  • Water supply$4 thousand
Police, fire, courts and jails
8.3%$9 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$9 thousand
Interest on debt
2.8%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Fifty Six. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Fifty Six 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.