City government · Hempstead County, AR

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

In the latest recorded fiscal year (ended December 31, 2023), Hope took in $45.5 million and spent $50.9 million.

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

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Where it comes from

Fees for services (electric power, water)77%City taxes9.6%Fines and other5.2%County and local tax money3.9%State tax money3.7%Federal tax money0.2%

What stands out

77%

of Hope's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes9.6%

Sales tax
6.4%$2.9 million
Other taxes
2.1%$969 thousand
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$766 thousand
  • Public utility taxes$189 thousand
  • Other licenses$14 thousand

Amounts are by Census tax category.

Property tax
1.1%$504 thousand

Fees for services77%

Fees for services
77%$35.2 million
What's in fees for servicesElectric power; water and 5 more
  • Electric power$27.8 million
  • Water$3.7 million
  • Garbage collection$1.8 million
  • Sewer$1.5 million
  • Airport$242 thousand
  • Other government-run businesses$61 thousand
  • Other service charges$39 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$75 thousand

State tax money3.7%

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

From the state
3.7%$1.7 million

County and local tax money3.9%

Money passed on by the county or other local governments.

From the county and other local governments
3.9%$1.8 million

Fines and other5.2%

Interest, rents and other
4.2%$1.9 million
Fines
1.0%$476 thousand

Where it goes

Water, sewer, trash and utilities64%Running the government and other costs17%Roads, transit and parking8.4%Police, fire, courts and jails7.9%Interest on debt1.5%Parks, recreation and libraries1.3%

What stands out

64%

of Hope's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
64%$32.8 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$24.6 million
  • Water supply$5.1 million
  • Garbage and solid waste$2.2 million
  • Sewer systems$740 thousand
Running the government and other costs
17%$8.4 million
What's in running the government and other costsOther government-run businesses; other and not broken out and 3 more
  • Other government-run businesses$6.0 million
  • Other and not broken out$1.3 million
  • Central staff services (personnel, purchasing, technology)$712 thousand
  • Government buildings$394 thousand
  • Finance, tax collection and budgeting$52 thousand
Roads, transit and parking
8.4%$4.3 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$3.8 million
  • Airports$494 thousand
Police, fire, courts and jails
7.9%$4.0 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$2.6 million
  • Fire protection$938 thousand
  • Courts and legal services$311 thousand
  • Inspections and regulation$123 thousand
Interest on debt
1.5%$788 thousand
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$639 thousand
  • Interest on water supply debt$87 thousand
  • Interest on electric power debt$62 thousand
Parks, recreation and libraries
1.3%$636 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$636 thousand
Sources and moreWhere these numbers come from and what they cover

City of Hope. 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 Hope 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.