City government · Palm Beach County, FL

Lake Worth Beach's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2023), Lake Worth Beach took in $199 million and spent $164 million.

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

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Where it comes from

Fees for services (electric power, sewer)62%City taxes23%Fines and other8.8%State tax money3.6%County and local tax money2.3%Federal tax money0.6%

What stands out

62%

of Lake Worth Beach's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes23%

Other taxes
12%$23.8 million
What's in other taxesOccupation and business licenses; public utility taxes and 2 more
  • Occupation and business licenses$16.0 million
  • Public utility taxes$5.1 million
  • Other licenses$1.8 million
  • Motor fuel taxes$977 thousand

Amounts are by Census tax category.

Property tax
11%$22.1 million

Fees for services62%

Fees for services
62%$123 million
What's in fees for servicesElectric power; sewer and 7 more
  • Electric power$68.1 million
  • Sewer$23.4 million
  • Water$16.5 million
  • Garbage collection$6.7 million
  • Parking$2.7 million
  • Parks and recreation$2.3 million
  • Parks, land and natural resources$1.9 million
  • Other service charges$919 thousand
  • Other government-run businesses$54 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$1.2 million

State tax money3.6%

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

From the state
3.6%$7.1 million

County and local tax money2.3%

Money passed on by the county or other local governments.

From the county and other local governments
2.3%$4.6 million

Fines and other8.8%

Interest, rents and other
8.0%$15.9 million
Fines
0.8%$1.7 million

Where it goes

Water, sewer, trash and utilities59%Running the government and other costs16%Police, fire, courts and jails14%Parks, recreation and libraries5.6%Interest on debt5.3%Environment and natural resources1.1%

What stands out

59%

of Lake Worth Beach's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
59%$96.7 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$53.8 million
  • Sewer systems$21.0 million
  • Water supply$15.3 million
  • Garbage and solid waste$6.6 million
Running the government and other costs
16%$25.4 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$13.2 million
  • Central staff services (personnel, purchasing, technology)$8.7 million
  • Other and not broken out$3.5 million
Police, fire, courts and jails
14%$22.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$18.0 million
  • Fire protection$3.7 million
  • Courts and legal services$432 thousand
Parks, recreation and libraries
5.6%$9.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$8.6 million
  • Libraries$613 thousand
Interest on debt
5.3%$8.6 million
Environment and natural resources
1.1%$1.7 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1.7 million
Sources and moreWhere these numbers come from and what they cover

City of Lake Worth Beach. 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 Lake Worth Beach 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.