City government · Broward County, FL

Margate's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2023), Margate took in $138 million and spent $109 million.

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

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Where it comes from

City taxes42%Fees for services (water, parks, land and natural resources)26%Fines and other16%Federal tax money8.2%State tax money4.3%County and local tax money2.9%

What stands out

16%

of Margate's money comes from interest, rents and other revenue.A typical U.S. city of 50,000+ people gets 6.9%.

City taxes42%

Property tax
29%$40.4 million
Other taxes
13%$17.9 million
What's in other taxesPublic utility taxes; occupation and business licenses and 2 more
  • Public utility taxes$7.8 million
  • Occupation and business licenses$6.0 million
  • Other licenses$3.0 million
  • Motor fuel taxes$1.0 million

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$36.4 million
What's in fees for servicesWater; other service charges and 3 more
  • Water$25.3 million
  • Other service charges$6.0 million
  • Parks, land and natural resources$3.9 million
  • Parks and recreation$728 thousand
  • Garbage collection$501 thousand

Amounts are by Census type of charge.

Federal tax money8.2%

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

From the federal government
8.2%$11.4 million

State tax money4.3%

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

From the state
4.3%$5.9 million

County and local tax money2.9%

Money passed on by the county or other local governments.

From the county and other local governments
2.9%$4.0 million

Fines and other16%

Interest, rents and other
16%$21.5 million
Fines
0.6%$839 thousand

Where it goes

Police, fire, courts and jails45%Water, sewer, trash and utilities21%Running the government and other costs18%Environment and natural resources6.4%Parks, recreation and libraries5.5%All other spending3.9%

What stands out

6.4%

of Margate's spending goes to the environment and natural resources.Most U.S. cities of 50,000+ people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
45%$49.1 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$26.1 million
  • Fire protection$18.2 million
  • Inspections and regulation$4.4 million
  • Courts and legal services$552 thousand
Water, sewer, trash and utilities
21%$22.7 million
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$22.7 million
Running the government and other costs
18%$19.9 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$10.0 million
  • Finance, tax collection and budgeting$6.9 million
  • Central staff services (personnel, purchasing, technology)$3.0 million
Environment and natural resources
6.4%$7.0 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$7.0 million
Parks, recreation and libraries
5.5%$6.0 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$6.0 million
Roads, transit and parking
1.8%$1.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.9 million
Housing and community development
1.1%$1.2 million
Interest on debt
1.1%$1.2 million
Sources and moreWhere these numbers come from and what they cover

City of Margate. 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 Margate 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.