City government · Seminole County, FL

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

In the latest recorded fiscal year (ended September 30, 2021), Lake Mary took in $66.7 million and spent $29.1 million.

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

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Where it comes from

Fines and other51%City taxes30%Fees for services (water, sewer)15%State tax money2.0%Federal tax money1.3%County and local tax money0.8%

What stands out

51%

of Lake Mary's money comes from interest, rents and other revenue.A typical U.S. city of 10,000 to 50,000 people gets 4.9%.

City taxes30%

Property tax
15%$10.0 million
Other taxes
13%$9.0 million
What's in other taxesPublic utility taxes; occupation and business licenses and 3 more
  • Public utility taxes$3.7 million
  • Occupation and business licenses$2.6 million
  • Other licenses$2.0 million
  • Insurance premium taxes$407 thousand
  • Motor fuel taxes$245 thousand

Amounts are by Census tax category.

Sales tax
1.5%$989 thousand

Fees for services15%

Fees for services
15%$10.1 million
What's in fees for servicesWater; other service charges and 4 more
  • Water$3.1 million
  • Other service charges$3.1 million
  • Sewer$2.6 million
  • Parks and recreation$756 thousand
  • Parks, land and natural resources$469 thousand
  • Other government-run businesses$42 thousand

Amounts are by Census type of charge.

Federal tax money1.3%

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

From the federal government
1.3%$853 thousand

State tax money2.0%

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

From the state
2.0%$1.3 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$553 thousand

Fines and other51%

Interest, rents and other
51%$33.8 million
Fines
0.2%$137 thousand

Where it goes

Police, fire, courts and jails49%Water, sewer, trash and utilities19%Running the government and other costs14%Parks, recreation and libraries11%Roads, transit and parking6.0%Environment and natural resources1.7%

What stands out

49%

of Lake Mary's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
49%$14.1 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$7.4 million
  • Fire protection$6.3 million
  • Inspections and regulation$399 thousand
  • Courts and legal services$86 thousand
Water, sewer, trash and utilities
19%$5.5 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$3.1 million
  • Water supply$2.4 million
Running the government and other costs
14%$4.1 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$2.7 million
  • Central staff services (personnel, purchasing, technology)$1.3 million
  • Other and not broken out$114 thousand
Parks, recreation and libraries
11%$3.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3.1 million
Roads, transit and parking
6.0%$1.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.7 million
Environment and natural resources
1.7%$496 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$496 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lake Mary. 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 City of Lake Mary 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.