City government · Nevada County, AR

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

In the latest recorded fiscal year (ended December 31, 2023), Prescott took in $13.9 million and spent $20.6 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)80%City taxes10%Fines and other4.9%County and local tax money3.8%State tax money1.6%

What stands out

80%

of Prescott'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 taxes10%

Sales tax
8.1%$1.1 million
Property tax
1.9%$268 thousand
Other taxes
<0.1%$9 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$9 thousand

Amounts are by Census tax category.

Fees for services80%

Fees for services
80%$11.0 million
What's in fees for servicesElectric power; water and 5 more
  • Electric power$9.5 million
  • Water$1.0 million
  • Sewer$376 thousand
  • Other service charges$78 thousand
  • Parks and recreation$24 thousand
  • Other government-run businesses$5 thousand
  • Road charges$2 thousand

Amounts are by Census type of charge.

State tax money1.6%

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

From the state
1.6%$225 thousand

County and local tax money3.8%

Money passed on by the county or other local governments.

From the county and other local governments
3.8%$521 thousand

Fines and other4.9%

Interest, rents and other
4.1%$572 thousand
Fines
0.8%$109 thousand

Where it goes

Water, sewer, trash and utilities72%Running the government and other costs12%Police, fire, courts and jails7.9%Roads, transit and parking6.1%Parks, recreation and libraries1.8%Interest on debt0.4%

What stands out

72%

of Prescott'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
72%$14.8 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 1 more
  • Electric power$12.8 million
  • Water supply$1.2 million
  • Sewer systems$757 thousand
Running the government and other costs
12%$2.5 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$2.4 million
  • Central staff services (personnel, purchasing, technology)$112 thousand
  • Other government-run businesses$9 thousand
Police, fire, courts and jails
7.9%$1.6 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.3 million
  • Fire protection$271 thousand
  • Courts and legal services$93 thousand
Roads, transit and parking
6.1%$1.3 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.2 million
  • Airports$50 thousand
Parks, recreation and libraries
1.8%$377 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$377 thousand
Interest on debt
0.4%$88 thousand
Sources and moreWhere these numbers come from and what they cover

City of Prescott. 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 Prescott 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.