Town government · Highlands County, FL

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

In the latest recorded fiscal year (ended September 30, 2021), Lake Placid took in $6.0 million and spent $5.3 million.

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

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Where it comes from

Fees for services (water, sewer)50%Town taxes33%County and local tax money5.8%Fines and other5.2%State tax money5.0%Federal tax money0.8%

What stands out

14%

of Lake Placid's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Town taxes33%

Property tax
19%$1.1 million
Other taxes
14%$844 thousand
What's in other taxesPublic utility taxes; occupation and business licenses and 2 more
  • Public utility taxes$462 thousand
  • Occupation and business licenses$276 thousand
  • Motor fuel taxes$105 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services50%

Fees for services
50%$3.0 million
What's in fees for servicesWater; sewer and 4 more
  • Water$1.4 million
  • Sewer$872 thousand
  • Garbage collection$646 thousand
  • Other government-run businesses$78 thousand
  • Other service charges$49 thousand
  • Parks and recreation$4 thousand

Amounts are by Census type of charge.

Federal tax money0.8%

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

From the federal government
0.8%$50 thousand

State tax money5.0%

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

From the state
5.0%$296 thousand

County and local tax money5.8%

Money passed on by the county or other local governments.

From the county and other local governments
5.8%$348 thousand

Fines and other5.2%

Interest, rents and other
4.6%$277 thousand
Fines
0.5%$32 thousand

Where it goes

Water, sewer, trash and utilities60%Police, fire, courts and jails22%Parks, recreation and libraries9.4%Running the government and other costs6.4%Roads, transit and parking2.1%Interest on debt0.2%

What stands out

60%

of Lake Placid's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
60%$3.2 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$1.7 million
  • Sewer systems$862 thousand
  • Garbage and solid waste$626 thousand
Police, fire, courts and jails
22%$1.2 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$922 thousand
  • Courts and legal services$245 thousand
Parks, recreation and libraries
9.4%$503 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$503 thousand
Running the government and other costs
6.4%$339 thousand
What's in running the government and other costsFinance, tax collection and budgeting and other and not broken out
  • Finance, tax collection and budgeting$298 thousand
  • Other and not broken out$41 thousand
Roads, transit and parking
2.1%$113 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$113 thousand
Interest on debt
0.2%$8 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Lake Placid. 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 Placid 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.