Town government · Hinsdale County, CO

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

In the latest recorded fiscal year (ended December 31, 2021), Lake City took in $1.8 million and spent $569 thousand.

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

See every government that serves your ZIP

Where it comes from

Town taxes42%Fees for services (water, sewer)32%County and local tax money13%State tax money9.8%Federal tax money2.7%

What stands out

37%

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

Town taxes42%

Sales tax
37%$676 thousand
Property tax
3.3%$61 thousand
Other taxes
2.1%$38 thousand
What's in other taxesOther selective sales taxes; public utility taxes and 3 more
  • Other selective sales taxes$16 thousand
  • Public utility taxes$14 thousand
  • Motor vehicle licenses$5 thousand
  • Alcoholic beverage licenses$2 thousand
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$593 thousand
What's in fees for servicesWater and sewer
  • Water$332 thousand
  • Sewer$261 thousand

Amounts are by Census type of charge.

Federal tax money2.7%

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

From the federal government
2.7%$50 thousand

State tax money9.8%

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

From the state
9.8%$180 thousand

County and local tax money13%

Money passed on by the county or other local governments.

From the county and other local governments
13%$234 thousand

Where it goes

Water, sewer, trash and utilities26%Running the government and other costs23%Roads, transit and parking17%Police, fire, courts and jails14%Parks, recreation and libraries13%Interest on debt6.5%

What stands out

13%

of Lake City's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
26%$149 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$149 thousand
Running the government and other costs
23%$132 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$132 thousand
Roads, transit and parking
17%$95 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$95 thousand
Police, fire, courts and jails
14%$81 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$76 thousand
  • Courts and legal services$5 thousand
Parks, recreation and libraries
13%$75 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$75 thousand
Interest on debt
6.5%$37 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Lake City. 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 Lake 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.