Town government · Manatee County, FL

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

In the latest recorded fiscal year (ended September 30, 2023), Longboat Key took in $48.9 million and spent $39.6 million.

Latest recorded year: ended September 30, 2023Comes from Goes to

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Where it comes from

Town taxes51%Fees for services (water, sewer)23%Fines and other17%State tax money6.8%County and local tax money1.5%Federal tax money1.1%

What stands out

16%

of Longboat Key's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Town taxes51%

Property tax

37%$18.1 million

Other taxes

9.1%$4.4 million

What's in other taxesOther licenses; occupation and business licenses and 2 more

Other licenses$2.0 million
Occupation and business licenses$1.5 million
Public utility taxes$566 thousand
Motor fuel taxes$345 thousand

Amounts are by Census tax category.

Sales tax

5.0%$2.5 million

Fees for services23%

Fees for services

23%$11.2 million

What's in fees for servicesWater; sewer and 3 more

Water$5.0 million
Sewer$5.0 million
Parks and recreation$745 thousand
Other service charges$434 thousand
Parks, land and natural resources$61 thousand

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government

1.1%$521 thousand

State tax money6.8%

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

From the state

6.8%$3.3 million

County and local tax money1.5%

Money passed on by the county or other local governments.

From the county and other local governments

1.5%$713 thousand

Fines and other17%

Interest, rents and other

16%$8.1 million

Fines

0.2%$87 thousand

Where it goes

Police, fire, courts and jails35%Running the government and other costs27%Water, sewer, trash and utilities15%Parks, recreation and libraries9.1%Environment and natural resources5.7%All other spending8.1%

What stands out

35%

of Longboat Key'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%

Police, fire, courts and jails

35%$13.7 million

What's in police, fire, courts and jailsFire protection; police and 2 more

Fire protection$7.8 million
Police$4.1 million
Inspections and regulation$1.4 million
Courts and legal services$405 thousand

Running the government and other costs

27%$10.7 million

What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more

Finance, tax collection and budgeting$6.9 million
Other and not broken out$2.3 million
Central staff services (personnel, purchasing, technology)$1.6 million

Water, sewer, trash and utilities

15%$6.1 million

What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more

Sewer systems$3.1 million
Water supply$3.0 million
Electric power$4 thousand

Parks, recreation and libraries

9.1%$3.6 million

What's in parks, recreation and librariesParks and recreation

Parks and recreation$3.6 million

Environment and natural resources

5.7%$2.3 million

What's in environment and natural resourcesNatural resources, farming and conservation

Natural resources, farming and conservation$2.3 million

Interest on debt

5.4%$2.1 million

Roads, transit and parking

2.7%$1.1 million

What's in roads, transit and parkingRoads and highways

Roads and highways$1.1 million

Sources and moreWhere these numbers come from and what they cover

Town of Longboat Key. 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 Town of Longboat Key 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.