Town government · Polk County, FL

Lake Hamilton's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2021), Lake Hamilton took in $5.0 million and spent $3.9 million.

Latest recorded year: ended September 30, 2021Comes fromGoes to

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Where it comes from

Federal tax money34%Town taxes31%Fees for services (water, garbage collection)21%State tax money6.3%Fines and other4.0%County and local tax money3.8%

What stands out

34%

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

Town taxes31%

Other taxes
16%$805 thousand
What's in other taxesOther licenses; public utility taxes and 2 more
  • Other licenses$296 thousand
  • Public utility taxes$226 thousand
  • Occupation and business licenses$162 thousand
  • Motor fuel taxes$121 thousand

Amounts are by Census tax category.

Property tax
15%$758 thousand

Fees for services21%

Fees for services
21%$1.1 million
What's in fees for servicesWater; garbage collection and 4 more
  • Water$629 thousand
  • Garbage collection$224 thousand
  • Other service charges$114 thousand
  • Parks, land and natural resources$44 thousand
  • Sewer$44 thousand
  • Road charges$14 thousand

Amounts are by Census type of charge.

Federal tax money34%

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

From the federal government
34%$1.7 million

State tax money6.3%

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

From the state
6.3%$316 thousand

County and local tax money3.8%

Money passed on by the county or other local governments.

From the county and other local governments
3.8%$190 thousand

Fines and other4.0%

Interest, rents and other
2.5%$128 thousand
Fines
1.5%$75 thousand

Where it goes

Water, sewer, trash and utilities25%Police, fire, courts and jails25%Running the government and other costs23%Roads, transit and parking20%Interest on debt3.6%All other spending1.9%

What stands out

25%

of Lake Hamilton'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%

Water, sewer, trash and utilities
25%$1.0 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$689 thousand
  • Garbage and solid waste$223 thousand
  • Sewer systems$92 thousand
Police, fire, courts and jails
25%$1.0 million
What's in police, fire, courts and jailsPolice and inspections and regulation
  • Police$772 thousand
  • Inspections and regulation$230 thousand
Running the government and other costs
23%$922 thousand
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)$531 thousand
  • Finance, tax collection and budgeting$391 thousand
Roads, transit and parking
20%$796 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$796 thousand
Interest on debt
3.6%$142 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$83 thousand
  • Interest on general debt$59 thousand
Parks, recreation and libraries
1.8%$72 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$72 thousand
Environment and natural resources
<0.1%$2 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Lake Hamilton. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Lake Hamilton 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.