City government · Pulaski County, AR

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

In the latest recorded fiscal year (ended December 31, 2023), Sherwood took in $45.4 million and spent $48.1 million.

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

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Where it comes from

City taxes45%County and local tax money21%Fees for services (garbage collection, sewer)13%State tax money10%Fines and other9.5%Federal tax money0.9%

What stands out

30%

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

City taxes45%

Sales tax
30%$13.5 million
Other taxes
11%$5.2 million
What's in other taxesPublic utility taxes; other selective sales taxes and 4 more
  • Public utility taxes$3.0 million
  • Other selective sales taxes$1.4 million
  • Other licenses$301 thousand
  • Occupation and business licenses$253 thousand
  • Alcoholic beverage taxes$150 thousand
  • Alcoholic beverage licenses$113 thousand

Amounts are by Census tax category.

Property tax
3.6%$1.6 million

Fees for services13%

Fees for services
13%$6.1 million
What's in fees for servicesGarbage collection; sewer and 1 more
  • Garbage collection$3.4 million
  • Sewer$1.7 million
  • Parks and recreation$1.1 million

Amounts are by Census type of charge.

Federal tax money0.9%

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

From the federal government
0.9%$392 thousand

State tax money10%

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

From the state
10%$4.6 million

County and local tax money21%

Money passed on by the county or other local governments.

From the county and other local governments
21%$9.7 million

Fines and other9.5%

Interest, rents and other
6.8%$3.1 million
Fines
2.7%$1.2 million

Where it goes

Roads, transit and parking26%Police, fire, courts and jails24%Running the government and other costs18%Water, sewer, trash and utilities13%Parks, recreation and libraries13%All other spending7.1%

What stands out

26%

of Sherwood's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Roads, transit and parking
26%$12.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$12.5 million
Police, fire, courts and jails
24%$11.3 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$10.3 million
  • Courts and legal services$1.1 million
Running the government and other costs
18%$8.7 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$4.8 million
  • Other and not broken out$3.3 million
  • Finance, tax collection and budgeting$599 thousand
Water, sewer, trash and utilities
13%$6.1 million
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$4.1 million
  • Sewer systems$2.0 million
Parks, recreation and libraries
13%$6.0 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$6.0 million
Sent to other local governments
4.5%$2.2 million
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$2.2 million
Interest on debt
1.9%$903 thousand
Health and hospitals
0.7%$344 thousand
What's in health and hospitalsPublic health
  • Public health$344 thousand
Sources and moreWhere these numbers come from and what they cover

City of Sherwood. 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 Sherwood 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.