Town government · Elbert County, CO

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

In the latest recorded fiscal year (ended December 31, 2021), Elizabeth took in $10.1 million and spent $8.3 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Town taxes54%Fees for services (water, road charges)38%Fines and other6.1%State tax money1.6%

What stands out

43%

of Elizabeth's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes54%

Sales tax
43%$4.3 million
Property tax
7.4%$743 thousand
Other taxes
4.4%$442 thousand
What's in other taxesOther licenses
  • Other licenses$442 thousand

Amounts are by Census tax category.

Fees for services38%

Fees for services
38%$3.8 million
What's in fees for servicesWater; other service charges and 1 more
  • Water$3.1 million
  • Other service charges$681 thousand
  • Road charges$20 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%$157 thousand

Fines and other6.1%

Interest, rents and other
5.5%$556 thousand
Fines
0.6%$63 thousand

Where it goes

Roads, transit and parking46%Running the government and other costs18%Water, sewer, trash and utilities17%Police, fire, courts and jails12%Housing and community development5.6%Interest on debt1.9%

What stands out

46%

of Elizabeth's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
46%$3.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.8 million
Running the government and other costs
18%$1.5 million
What's in running the government and other costsOther and not broken out
  • Other and not broken out$1.5 million
Water, sewer, trash and utilities
17%$1.4 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$1.4 million
Police, fire, courts and jails
12%$1.0 million
What's in police, fire, courts and jailsPolice
  • Police$1.0 million
Housing and community development
5.6%$470 thousand
Interest on debt
1.9%$155 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$88 thousand
  • Interest on water supply debt$67 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Elizabeth. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Elizabeth 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.