City government · Boulder County, CO

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

In the latest recorded fiscal year (ended December 31, 2023), Longmont took in $285 million and spent $1.8 million.

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

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Where it comes from

Fees for services (electric power, water)52%City taxes41%Federal tax money3.5%State tax money3.2%Fines and other0.2%County and local tax money<0.1%

What stands out

31%

of Longmont's money comes from sales tax.A typical U.S. city of 50,000+ people gets 7.8%.

City taxes41%

Sales tax
31%$88.3 million
Property tax
9.8%$27.9 million
Other taxes
<0.1%$173 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$173 thousand

Amounts are by Census tax category.

Fees for services52%

Fees for services
52%$149 million
What's in fees for servicesElectric power; water and 2 more
  • Electric power$106 million
  • Water$25.1 million
  • Sewer$17.2 million
  • Other service charges$174 thousand

Amounts are by Census type of charge.

Federal tax money3.5%

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

From the federal government
3.5%$10.0 million

State tax money3.2%

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

From the state
3.2%$9.1 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$217 thousand

Fines and other0.2%

Interest, rents and other
0.2%$461 thousand

Where it goes

The Census record for this side looks incomplete, so these figures may be lower than the government's own totals.

Running the government and other costs91%Sent to other local governments8.8%Interest on debt0.2%

Spending by category100%

Running the government and other costs
91%$1.7 million
What's in running the government and other costsOther and not broken out
  • Other and not broken out$1.7 million
Sent to other local governments
8.8%$163 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$163 thousand
Interest on debt
0.2%$4 thousand
Sources and moreWhere these numbers come from and what they cover

City of Longmont. 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 Longmont 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.