City government · Miami-Dade County, FL

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

In the latest recorded fiscal year (ended September 30, 2023), Homestead took in $209 million and spent $216 million.

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

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Where it comes from

Fees for services (electric power, water)52%City taxes16%County and local tax money10%Fines and other9.7%State tax money9.7%Federal tax money2.6%

What stands out

10%

of Homestead's money comes from county and other local tax money.A typical U.S. city of 50,000+ people gets 0.9%.

City taxes16%

Property tax
12%$24.2 million
Other taxes
4.5%$9.4 million
What's in other taxesPublic utility taxes; other licenses and 3 more
  • Public utility taxes$3.4 million
  • Other licenses$2.1 million
  • Other selective sales taxes$1.8 million
  • Motor fuel taxes$1.4 million
  • Occupation and business licenses$640 thousand

Amounts are by Census tax category.

Fees for services52%

Fees for services
52%$108 million
What's in fees for servicesElectric power; water and 4 more
  • Electric power$67.8 million
  • Water$22.6 million
  • Garbage collection$14.3 million
  • Parks, land and natural resources$1.7 million
  • Other service charges$1.2 million
  • Parks and recreation$274 thousand

Amounts are by Census type of charge.

Federal tax money2.6%

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

From the federal government
2.6%$5.4 million

State tax money9.7%

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

From the state
9.7%$20.3 million

County and local tax money10%

Money passed on by the county or other local governments.

From the county and other local governments
10%$21.2 million

Fines and other9.7%

Interest, rents and other
9.2%$19.3 million
Fines
0.5%$1.0 million

Where it goes

Water, sewer, trash and utilities49%Running the government and other costs21%Police, fire, courts and jails16%Parks, recreation and libraries4.7%Housing and community development3.1%All other spending6.0%

What stands out

49%

of Homestead's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 50,000+ people spends 20%.

Spending by category100%

Water, sewer, trash and utilities
49%$105 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 1 more
  • Electric power$67.0 million
  • Sewer systems$23.5 million
  • Garbage and solid waste$15.1 million
Running the government and other costs
21%$45.9 million
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$40.2 million
  • Central staff services (personnel, purchasing, technology)$4.5 million
  • Other and not broken out$1.3 million
Police, fire, courts and jails
16%$34.2 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 1 more
  • Police$31.1 million
  • Inspections and regulation$1.8 million
  • Courts and legal services$1.2 million
Parks, recreation and libraries
4.7%$10.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$8.9 million
  • Libraries$1.3 million
Housing and community development
3.1%$6.7 million
Roads, transit and parking
2.9%$6.2 million
What's in roads, transit and parkingRoads and highways; parking and 1 more
  • Roads and highways$4.7 million
  • Parking$1.1 million
  • Public transit$399 thousand
Interest on debt
2.3%$4.9 million
Environment and natural resources
0.8%$1.6 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1.6 million
Social services
0.1%$254 thousand
What's in social servicesOther public welfare
  • Other public welfare$254 thousand
Sources and moreWhere these numbers come from and what they cover

City of Homestead. 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 Homestead 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.