City government · Monroe County, FL

Key West's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2023), Key West took in $187 million and spent $140 million.

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

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Where it comes from

Fees for services (sewer, housing)33%City taxes26%Fines and other17%Federal tax money11%County and local tax money7.2%State tax money4.6%

What stands out

10%

of Key West's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes26%

Property tax
11%$20.1 million
Sales tax
10%$19.3 million
Other taxes
5.4%$10.0 million
What's in other taxesOther licenses; occupation and business licenses and 1 more
  • Other licenses$5.1 million
  • Occupation and business licenses$3.0 million
  • Motor fuel taxes$1.9 million

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$62.6 million
What's in fees for servicesSewer; housing and 8 more
  • Sewer$12.8 million
  • Housing$12.1 million
  • Garbage collection$11.6 million
  • Parking$10.9 million
  • Parks and recreation$7.4 million
  • Other service charges$2.6 million
  • Parks, land and natural resources$2.5 million
  • Ports and waterways$1.9 million
  • Transit fares$512 thousand
  • Other government-run businesses$119 thousand

Amounts are by Census type of charge.

Federal tax money11%

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

From the federal government
11%$21.0 million

State tax money4.6%

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

From the state
4.6%$8.6 million

County and local tax money7.2%

Money passed on by the county or other local governments.

From the county and other local governments
7.2%$13.4 million

Fines and other17%

Interest, rents and other
16%$30.9 million
Fines
0.8%$1.5 million

Where it goes

Police, fire, courts and jails26%Running the government and other costs19%Water, sewer, trash and utilities15%Housing and community development13%Parks, recreation and libraries13%All other spending15%

What stands out

13%

of Key West's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
26%$36.7 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$21.4 million
  • Fire protection$12.1 million
  • Inspections and regulation$2.4 million
  • Courts and legal services$889 thousand
Running the government and other costs
19%$26.3 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$17.0 million
  • Central staff services (personnel, purchasing, technology)$4.9 million
  • Other and not broken out$4.4 million
Water, sewer, trash and utilities
15%$20.5 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$11.5 million
  • Garbage and solid waste$9.1 million
Housing and community development
13%$18.1 million
Parks, recreation and libraries
13%$17.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$17.6 million
Roads, transit and parking
9.2%$12.8 million
What's in roads, transit and parkingPublic transit; roads and highways and 1 more
  • Public transit$6.0 million
  • Roads and highways$6.0 million
  • Toll roads and bridges$851 thousand
Environment and natural resources
2.8%$3.9 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$3.9 million
Health and hospitals
2.7%$3.8 million
What's in health and hospitalsPublic health
  • Public health$3.8 million
Interest on debt
0.2%$271 thousand
Sources and moreWhere these numbers come from and what they cover

City of Key West. 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 Key West 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.