Town government · El Paso County, CO

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

In the latest recorded fiscal year (ended December 31, 2021), Palmer Lake took in $4.2 million and spent $4.7 million.

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

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Where it comes from

Town taxes55%Fees for services (water)33%State tax money7.6%Fines and other3.5%County and local tax money1.2%

What stands out

27%

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

Town taxes55%

Sales tax
27%$1.1 million
Property tax
22%$924 thousand
Other taxes
5.4%$227 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$143 thousand
  • Other licenses$84 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$1.4 million
What's in fees for servicesWater
  • Water$1.4 million

Amounts are by Census type of charge.

State tax money7.6%

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

From the state
7.6%$317 thousand

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments
1.2%$51 thousand

Fines and other3.5%

Fines
2.2%$93 thousand
Interest, rents and other
1.2%$52 thousand

Where it goes

Water, sewer, trash and utilities35%Running the government and other costs30%Police, fire, courts and jails25%Roads, transit and parking6.8%Interest on debt2.1%All other spending1.6%

What stands out

25%

of Palmer Lake's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
35%$1.7 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$1.7 million
Running the government and other costs
30%$1.4 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$1.4 million
  • Finance, tax collection and budgeting$8 thousand
  • Government buildings$3 thousand
Police, fire, courts and jails
25%$1.2 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$599 thousand
  • Fire protection$563 thousand
Roads, transit and parking
6.8%$322 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$322 thousand
Interest on debt
2.1%$98 thousand
Environment and natural resources
0.9%$43 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$43 thousand
Parks, recreation and libraries
0.7%$31 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$31 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Palmer Lake. 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 Palmer Lake 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.