Village government · Monroe County, FL

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

In the latest recorded fiscal year (ended September 30, 2023), Islamorada took in $46.7 million and spent $39.0 million.

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

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Where it comes from

Village taxes48%Fees for services (sewer, parks and recreation)25%Fines and other14%Federal tax money5.5%State tax money5.4%County and local tax money2.1%

What stands out

7.4%

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

Village taxes48%

Property tax
32%$14.7 million
Other taxes
9.0%$4.2 million
What's in other taxesOther licenses; occupation and business licenses and 2 more
  • Other licenses$2.4 million
  • Occupation and business licenses$854 thousand
  • Motor fuel taxes$505 thousand
  • Public utility taxes$438 thousand

Amounts are by Census tax category.

Sales tax
7.4%$3.5 million

Fees for services25%

Fees for services
25%$11.6 million
What's in fees for servicesSewer; parks and recreation and 2 more
  • Sewer$7.1 million
  • Parks and recreation$2.2 million
  • Garbage collection$2.1 million
  • Other service charges$241 thousand

Amounts are by Census type of charge.

Federal tax money5.5%

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

From the federal government
5.5%$2.5 million

State tax money5.4%

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

From the state
5.4%$2.5 million

County and local tax money2.1%

Money passed on by the county or other local governments.

From the county and other local governments
2.1%$979 thousand

Fines and other14%

Interest, rents and other
14%$6.4 million
Fines
0.3%$144 thousand

Where it goes

Police, fire, courts and jails33%Water, sewer, trash and utilities31%Running the government and other costs13%Parks, recreation and libraries11%Roads, transit and parking7.2%All other spending4.6%

What stands out

33%

of Islamorada'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%

Police, fire, courts and jails
33%$13.0 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$7.6 million
  • Police$2.6 million
  • Inspections and regulation$2.0 million
  • Courts and legal services$807 thousand
Water, sewer, trash and utilities
31%$12.1 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$10.0 million
  • Garbage and solid waste$2.1 million
Running the government and other costs
13%$5.0 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$3.7 million
  • Finance, tax collection and budgeting$1.3 million
Parks, recreation and libraries
11%$4.3 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4.3 million
Roads, transit and parking
7.2%$2.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.8 million
Interest on debt
4.0%$1.5 million
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$1.4 million
  • Interest on general debt$137 thousand
Environment and natural resources
0.4%$170 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$170 thousand
Housing and community development
0.2%$77 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Islamorada. 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 Village of Islamorada 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.