City government · San Mateo County, CA

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

In the latest recorded fiscal year (ended June 30, 2022), Belmont took in $107 million and spent $94.5 million.

Latest recorded year: ended June 30, 2022Comes from Goes to

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Where it comes from

City taxes48%Fees for services (sewer, parks and recreation)41%Fines and other4.7%Federal tax money3.9%State tax money1.8%County and local tax money0.8%

What stands out

7.1%

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

City taxes48%

Property tax

31%$33.8 million

Other taxes

9.4%$10.1 million

What's in other taxesOther licenses; other selective sales taxes and 4 more

Other licenses$2.7 million
Other selective sales taxes$2.4 million
Other taxes not classified elsewhere$1.9 million
Public utility taxes$1.5 million
Occupation and business licenses$1.1 million
Real estate and stock transfer taxes$525 thousand

Amounts are by Census tax category.

Sales tax

7.1%$7.7 million

Fees for services41%

Fees for services

41%$44.0 million

What's in fees for servicesSewer; other service charges and 2 more

Sewer$20.5 million
Other service charges$18.8 million
Parks and recreation$4.0 million
Garbage collection$623 thousand

Amounts are by Census type of charge.

Federal tax money3.9%

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

From the federal government

3.9%$4.1 million

State tax money1.8%

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

From the state

1.8%$1.9 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%$829 thousand

Fines and other4.7%

Interest, rents and other

4.5%$4.8 million

Fines

0.1%$156 thousand

Where it goes

Police, fire, courts and jails40%Roads, transit and parking17%Water, sewer, trash and utilities15%Running the government and other costs14%Parks, recreation and libraries6.5%All other spending6.7%

What stands out

40%

of Belmont's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails

40%$38.1 million

What's in police, fire, courts and jailsPolice; fire protection and 1 more

Police$25.8 million
Fire protection$11.7 million
Courts and legal services$644 thousand

Roads, transit and parking

17%$16.0 million

What's in roads, transit and parkingRoads and highways

Roads and highways$16.0 million

Water, sewer, trash and utilities

15%$14.4 million

What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste

Sewer systems$13.9 million
Garbage and solid waste$502 thousand

Running the government and other costs

14%$13.6 million

What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more

Central staff services (personnel, purchasing, technology)$10.4 million
Finance, tax collection and budgeting$2.2 million
Other and not broken out$897 thousand
Government buildings$96 thousand

Parks, recreation and libraries

6.5%$6.1 million

What's in parks, recreation and librariesParks and recreation and libraries

Parks and recreation$5.7 million
Libraries$432 thousand

Interest on debt

6.2%$5.9 million

Housing and community development

0.5%$447 thousand

Sources and moreWhere these numbers come from and what they cover

City of Belmont. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Belmont 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.