City government · Miami-Dade County, FL

Coral Gables's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2023), Coral Gables took in $267 million and spent $289 million.

Latest recorded year: ended September 30, 2023Comes fromGoes to

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Where it comes from

City taxes59%Fees for services (sewer, parking)25%Fines and other11%State tax money4.4%Federal tax money0.6%

What stands out

40%

of Coral Gables' money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

City taxes59%

Property tax
40%$107 million
Other taxes
19%$49.8 million
What's in other taxesOther licenses; public utility taxes and 3 more
  • Other licenses$19.9 million
  • Public utility taxes$13.4 million
  • Occupation and business licenses$13.1 million
  • Insurance premium taxes$2.1 million
  • Motor fuel taxes$1.3 million

Amounts are by Census tax category.

Fees for services25%

Fees for services
25%$65.9 million
What's in fees for servicesSewer; parking and 5 more
  • Sewer$20.3 million
  • Parking$16.4 million
  • Other service charges$12.1 million
  • Garbage collection$9.3 million
  • Parks and recreation$7.9 million
  • Parks, land and natural resources$4 thousand
  • Road charges$3 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$1.5 million

State tax money4.4%

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

From the state
4.4%$11.9 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%$67 thousand

Fines and other11%

Interest, rents and other
9.9%$26.5 million
Fines
1.4%$3.7 million

Where it goes

Running the government and other costs36%Police, fire, courts and jails34%Parks, recreation and libraries8.9%Water, sewer, trash and utilities7.9%Roads, transit and parking6.3%All other spending6.7%

What stands out

36%

of Coral Gables' spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
36%$105 million
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$56.1 million
  • Other and not broken out$42.2 million
  • Central staff services (personnel, purchasing, technology)$6.8 million
Police, fire, courts and jails
34%$97.8 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$54.3 million
  • Fire protection$33.0 million
  • Inspections and regulation$7.8 million
  • Courts and legal services$2.7 million
Parks, recreation and libraries
8.9%$25.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$25.6 million
Water, sewer, trash and utilities
7.9%$22.7 million
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$12.8 million
  • Sewer systems$9.9 million
Roads, transit and parking
6.3%$18.3 million
What's in roads, transit and parkingParking; roads and highways and 1 more
  • Parking$9.1 million
  • Roads and highways$5.9 million
  • Public transit$3.3 million
Environment and natural resources
4.8%$13.8 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$13.8 million
Interest on debt
1.9%$5.4 million
Sources and moreWhere these numbers come from and what they cover

City of Coral Gables. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended September 30, 2023.

What this covers. The money of City of Coral Gables 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.