Town government · Kent County, DE
Magnolia's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Magnolia took in $173 thousand and spent $93 thousand.
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Where it comes from
What stands out
of Magnolia's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.
Town taxes7.5%
Fees for services35%
What's in fees for servicesWater
- Water$60 thousand
Amounts are by Census type of charge.
State tax money58%
Money the state passes on, paid for by the state taxes residents also pay.
Where it goes
What stands out
of Magnolia'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%
What's in water, sewer, trash and utilitiesWater supply
- Water supply$50 thousand
What's in running the government and other costsFinance, tax collection and budgeting and government buildings
- Finance, tax collection and budgeting$25 thousand
- Government buildings$18 thousand
Sources and moreWhere these numbers come from and what they cover
Town of Magnolia. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.
What this covers. The money of Town of Magnolia 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.