City government · Columbia County, AR

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

In the latest recorded fiscal year (ended December 31, 2023), Magnolia took in $45.0 million and spent $42.2 million.

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

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Where it comes from

Fees for services (hospital bills, water)65%City taxes23%Fines and other5.2%State tax money3.0%Federal tax money2.8%County and local tax money0.8%

What stands out

19%

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

City taxes23%

Sales tax
19%$8.7 million
Other taxes
2.5%$1.1 million
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$844 thousand
  • Other selective sales taxes$164 thousand
  • Other licenses$109 thousand

Amounts are by Census tax category.

Property tax
1.4%$647 thousand

Fees for services65%

Fees for services
65%$29.3 million
What's in fees for servicesHospital bills; water and 4 more
  • Hospital bills$24.8 million
  • Water$2.3 million
  • Sewer$1.9 million
  • Airport$194 thousand
  • Other service charges$109 thousand
  • Other government-run businesses$2 thousand

Amounts are by Census type of charge.

Federal tax money2.8%

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

From the federal government
2.8%$1.2 million

State tax money3.0%

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

From the state
3.0%$1.3 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$351 thousand

Fines and other5.2%

Interest, rents and other
4.8%$2.2 million
Fines
0.4%$159 thousand

Where it goes

Health and hospitals70%Water, sewer, trash and utilities8.0%Police, fire, courts and jails7.9%Roads, transit and parking4.7%Parks, recreation and libraries3.2%All other spending5.9%

What stands out

70%

of Magnolia's spending goes to health services and hospitals.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Health and hospitals
70%$29.6 million
What's in health and hospitalsHospitals and public health
  • Hospitals$29.6 million
  • Public health$6 thousand
Water, sewer, trash and utilities
8.0%$3.4 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$2.2 million
  • Sewer systems$1.1 million
Police, fire, courts and jails
7.9%$3.3 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.1 million
  • Fire protection$1.0 million
  • Courts and legal services$198 thousand
Roads, transit and parking
4.7%$2.0 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.6 million
  • Airports$378 thousand
Parks, recreation and libraries
3.2%$1.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.4 million
Running the government and other costs
3.1%$1.3 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$600 thousand
  • Central staff services (personnel, purchasing, technology)$383 thousand
  • Finance, tax collection and budgeting$326 thousand
  • Other government-run businesses$8 thousand
Interest on debt
1.9%$785 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$624 thousand
  • Interest on water supply debt$161 thousand
Sent to other local governments
0.9%$374 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$374 thousand
Sources and moreWhere these numbers come from and what they cover

City of Magnolia. 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 Magnolia 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.