City government · Fremont County, CO

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

In the latest recorded fiscal year (ended December 31, 2023), Florence took in $8.7 million and spent $5.9 million.

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

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Where it comes from

Fees for services (water, parks and recreation)60%City taxes35%Fines and other4.4%County and local tax money0.5%State tax money0.1%

What stands out

22%

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

City taxes35%

Sales tax
22%$1.9 million
Property tax
9.0%$784 thousand
Other taxes
3.9%$341 thousand
What's in other taxesPublic utility taxes; other licenses and 2 more
  • Public utility taxes$235 thousand
  • Other licenses$86 thousand
  • Motor vehicle licenses$15 thousand
  • Alcoholic beverage licenses$5 thousand

Amounts are by Census tax category.

Fees for services60%

Fees for services
60%$5.3 million
What's in fees for servicesWater; parks and recreation and 2 more
  • Water$5.1 million
  • Parks and recreation$101 thousand
  • Other government-run businesses$31 thousand
  • Parks, land and natural resources$12 thousand

Amounts are by Census type of charge.

State tax money0.1%

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

From the state
0.1%$11 thousand

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$43 thousand

Fines and other4.4%

Interest, rents and other
3.9%$340 thousand
Fines
0.5%$40 thousand

Where it goes

Water, sewer, trash and utilities33%Police, fire, courts and jails24%Running the government and other costs21%Roads, transit and parking14%Interest on debt8.7%

What stands out

8.7%

of Florence'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%

Water, sewer, trash and utilities
33%$1.9 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$1.9 million
Police, fire, courts and jails
24%$1.4 million
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$1.3 million
  • Courts and legal services$85 thousand
  • Inspections and regulation$27 thousand
Running the government and other costs
21%$1.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 3 more
  • Central staff services (personnel, purchasing, technology)$782 thousand
  • Government buildings$157 thousand
  • Other government-run businesses$136 thousand
  • Finance, tax collection and budgeting$83 thousand
  • Other and not broken out$81 thousand
Roads, transit and parking
14%$841 thousand
What's in roads, transit and parkingToll roads and bridges and roads and highways
  • Toll roads and bridges$648 thousand
  • Roads and highways$193 thousand
Interest on debt
8.7%$512 thousand
Sources and moreWhere these numbers come from and what they cover

City of Florence. 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 Florence 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.