City government · Miller County, AR

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

In the latest recorded fiscal year (ended December 31, 2023), Texarkana took in $56.5 million and spent $54.2 million.

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

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Where it comes from

City taxes42%Fees for services (water, sewer)32%State tax money7.5%Fines and other6.7%Federal tax money6.1%County and local tax money5.9%

What stands out

23%

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

City taxes42%

Sales tax
23%$13.3 million
Other taxes
9.4%$5.3 million
What's in other taxesPublic utility taxes; other selective sales taxes and 4 more
  • Public utility taxes$3.2 million
  • Other selective sales taxes$1.5 million
  • Other licenses$322 thousand
  • Alcoholic beverage taxes$153 thousand
  • Occupation and business licenses$49 thousand
  • Alcoholic beverage licenses$25 thousand

Amounts are by Census tax category.

Property tax
9.0%$5.1 million

Fees for services32%

Fees for services
32%$18.1 million
What's in fees for servicesWater; sewer and 2 more
  • Water$6.5 million
  • Sewer$5.9 million
  • Garbage collection$5.6 million
  • Other service charges$64 thousand

Amounts are by Census type of charge.

Federal tax money6.1%

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

From the federal government
6.1%$3.5 million

State tax money7.5%

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

From the state
7.5%$4.2 million

County and local tax money5.9%

Money passed on by the county or other local governments.

From the county and other local governments
5.9%$3.3 million

Fines and other6.7%

Interest, rents and other
5.3%$3.0 million
Fines
1.4%$804 thousand

Where it goes

Police, fire, courts and jails42%Water, sewer, trash and utilities29%Running the government and other costs10%Sent to other local governments8.3%Roads, transit and parking5.1%All other spending5.4%

What stands out

8.3%

of Texarkana's spending goes to local governments.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
42%$23.0 million
What's in police, fire, courts and jailsPolice; fire protection and 4 more
  • Police$12.6 million
  • Fire protection$6.5 million
  • Prisons and jails$2.7 million
  • Inspections and regulation$694 thousand
  • Courts and legal services$300 thousand
  • Probation, parole and other corrections$202 thousand
Water, sewer, trash and utilities
29%$15.5 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$6.6 million
  • Sewer systems$4.9 million
  • Garbage and solid waste$4.0 million
Running the government and other costs
10%$5.5 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$1.8 million
  • Central staff services (personnel, purchasing, technology)$1.6 million
  • Government buildings$1.1 million
  • Finance, tax collection and budgeting$933 thousand
Sent to other local governments
8.3%$4.5 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$4.5 million
Roads, transit and parking
5.1%$2.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.8 million
Parks, recreation and libraries
2.4%$1.3 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$706 thousand
  • Libraries$600 thousand
Interest on debt
2.4%$1.3 million
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$743 thousand
  • Interest on general debt$560 thousand
Housing and community development
0.6%$317 thousand
Health and hospitals
<0.1%$26 thousand
What's in health and hospitalsPublic health
  • Public health$26 thousand
Sources and moreWhere these numbers come from and what they cover

City of Texarkana. 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 Texarkana 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.