Town government · San Miguel County, CO

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

In the latest recorded fiscal year (ended December 31, 2021), Norwood took in $1.4 million and spent $1.0 million.

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

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Where it comes from

Town taxes41%Fees for services (water, parks, land and natural resources)38%State tax money19%Fines and other1.6%County and local tax money0.6%

What stands out

33%

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

Town taxes41%

Sales tax
33%$452 thousand
Property tax
7.0%$94 thousand
Other taxes
0.7%$10 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$6 thousand
  • Other licenses$4 thousand

Amounts are by Census tax category.

Fees for services38%

Fees for services
38%$509 thousand
What's in fees for servicesWater; parks, land and natural resources and 1 more
  • Water$479 thousand
  • Parks, land and natural resources$25 thousand
  • Other service charges$5 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%$256 thousand

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$8 thousand

Fines and other1.6%

Interest, rents and other
1.3%$18 thousand
Fines
0.3%$4 thousand

Where it goes

Running the government and other costs46%Water, sewer, trash and utilities40%Police, fire, courts and jails11%Environment and natural resources1.2%Interest on debt1.2%Parks, recreation and libraries0.8%

What stands out

46%

of Norwood's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
46%$479 thousand
What's in running the government and other costsOther and not broken out
  • Other and not broken out$479 thousand
Water, sewer, trash and utilities
40%$418 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$418 thousand
Police, fire, courts and jails
11%$110 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$106 thousand
  • Courts and legal services$4 thousand
Environment and natural resources
1.2%$12 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$12 thousand
Interest on debt
1.2%$12 thousand
Parks, recreation and libraries
0.8%$8 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$8 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Norwood. 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 Norwood 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.