City government · Brevard County, FL

Palm Bay's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2023), Palm Bay took in $236 million and spent $195 million.

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

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Where it comes from

City taxes39%Fees for services (water, sewer)30%Fines and other21%State tax money4.6%County and local tax money3.3%Federal tax money2.0%

What stands out

21%

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

City taxes39%

Property tax
24%$56.1 million
Other taxes
16%$36.9 million
What's in other taxesPublic utility taxes; other licenses and 2 more
  • Public utility taxes$15.1 million
  • Other licenses$8.8 million
  • Occupation and business licenses$8.6 million
  • Motor fuel taxes$4.5 million

Amounts are by Census tax category.

Fees for services30%

Fees for services
30%$70.2 million
What's in fees for servicesWater; sewer and 5 more
  • Water$22.4 million
  • Sewer$15.6 million
  • Garbage collection$14.5 million
  • Parks, land and natural resources$9.5 million
  • Other service charges$6.6 million
  • Road charges$1.0 million
  • Parks and recreation$674 thousand

Amounts are by Census type of charge.

Federal tax money2.0%

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

From the federal government
2.0%$4.8 million

State tax money4.6%

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

From the state
4.6%$10.8 million

County and local tax money3.3%

Money passed on by the county or other local governments.

From the county and other local governments
3.3%$7.7 million

Fines and other21%

Interest, rents and other
21%$49.4 million
Fines
0.2%$455 thousand

Where it goes

Police, fire, courts and jails27%Roads, transit and parking27%Water, sewer, trash and utilities21%Running the government and other costs16%Interest on debt3.7%All other spending5.9%

What stands out

27%

of Palm Bay's spending goes to roads, transit and parking.A typical U.S. city of 50,000+ people spends 10%.

Spending by category100%

Police, fire, courts and jails
27%$53.4 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$28.2 million
  • Fire protection$19.9 million
  • Inspections and regulation$4.8 million
  • Courts and legal services$412 thousand
Roads, transit and parking
27%$52.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$52.1 million
Water, sewer, trash and utilities
21%$40.3 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$17.5 million
  • Garbage and solid waste$13.9 million
  • Water supply$9.0 million
Running the government and other costs
16%$30.4 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$19.3 million
  • Other and not broken out$6.5 million
  • Central staff services (personnel, purchasing, technology)$4.6 million
Interest on debt
3.7%$7.1 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$6.1 million
  • Interest on water supply debt$1.1 million
Parks, recreation and libraries
2.6%$5.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5.1 million
Housing and community development
2.0%$4.0 million
Environment and natural resources
1.2%$2.4 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$2.4 million
Sources and moreWhere these numbers come from and what they cover

City of Palm Bay. 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 Palm Bay 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.