City government · Gilpin County, CO

Central City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Central City took in $10.8 million and spent $11.7 million.

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

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Where it comes from

City taxes57%State tax money19%Fees for services (water, parks and recreation)16%Fines and other7.3%

What stands out

27%

of Central City's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

City taxes57%

Other taxes
27%$3.0 million
What's in other taxesAmusement licenses; other selective sales taxes and 2 more
  • Amusement licenses$2.5 million
  • Other selective sales taxes$203 thousand
  • Other licenses$180 thousand
  • Occupation and business licenses$72 thousand

Amounts are by Census tax category.

Property tax
17%$1.8 million
Sales tax
13%$1.4 million

Fees for services16%

Fees for services
16%$1.7 million
What's in fees for servicesWater; other service charges and 1 more
  • Water$1.2 million
  • Other service charges$487 thousand
  • Parks and recreation$13 thousand

Amounts are by Census type of charge.

State tax money19%

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

From the state
19%$2.1 million

Fines and other7.3%

Interest, rents and other
7.3%$785 thousand
Fines
<0.1%$1 thousand

Where it goes

Running the government and other costs36%Interest on debt27%Police, fire, courts and jails13%Parks, recreation and libraries8.6%Water, sewer, trash and utilities7.3%All other spending8.0%

What stands out

27%

of Central City's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Running the government and other costs
36%$4.2 million
What's in running the government and other costsOther and not broken out and government buildings
  • Other and not broken out$3.7 million
  • Government buildings$528 thousand
Interest on debt
27%$3.2 million
Police, fire, courts and jails
13%$1.5 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.2 million
  • Fire protection$322 thousand
Parks, recreation and libraries
8.6%$1.0 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.0 million
Water, sewer, trash and utilities
7.3%$857 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$857 thousand
Housing and community development
5.8%$679 thousand
Roads, transit and parking
2.2%$255 thousand
What's in roads, transit and parkingPublic transit
  • Public transit$255 thousand
Environment and natural resources
<0.1%$5 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of Central City. 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 Central City 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.