Village government · Miami-Dade County, FL

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

In the latest recorded fiscal year (ended September 30, 2021), Palmetto Bay took in $23.6 million and spent $20.2 million.

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

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Where it comes from

Village taxes65%Fines and other10%State tax money10%Fees for services (transit fares, parks and recreation)7.8%County and local tax money4.1%Federal tax money2.8%

What stands out

36%

of Palmetto Bay's money comes from taxes other than property, sales and income taxes.A typical U.S. city of 10,000 to 50,000 people gets 6.1%.

Village taxes65%

Other taxes
36%$8.5 million
What's in other taxesPublic utility taxes; other licenses and 2 more
  • Public utility taxes$3.5 million
  • Other licenses$3.1 million
  • Occupation and business licenses$1.3 million
  • Motor fuel taxes$542 thousand

Amounts are by Census tax category.

Property tax
29%$6.8 million

Fees for services7.8%

Fees for services
7.8%$1.8 million
What's in fees for servicesTransit fares; parks and recreation and 1 more
  • Transit fares$1.1 million
  • Parks and recreation$595 thousand
  • Other service charges$139 thousand

Amounts are by Census type of charge.

Federal tax money2.8%

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

From the federal government
2.8%$670 thousand

State tax money10%

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

From the state
10%$2.4 million

County and local tax money4.1%

Money passed on by the county or other local governments.

From the county and other local governments
4.1%$970 thousand

Fines and other10%

Interest, rents and other
9.7%$2.3 million
Fines
0.7%$165 thousand

Where it goes

Police, fire, courts and jails54%Parks, recreation and libraries15%Roads, transit and parking13%Running the government and other costs12%Environment and natural resources3.2%Interest on debt2.8%

What stands out

54%

of Palmetto Bay's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
54%$10.8 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 1 more
  • Police$8.0 million
  • Inspections and regulation$2.5 million
  • Courts and legal services$377 thousand
Parks, recreation and libraries
15%$3.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3.1 million
Roads, transit and parking
13%$2.7 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$2.2 million
  • Public transit$479 thousand
Running the government and other costs
12%$2.4 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$1.2 million
  • Finance, tax collection and budgeting$798 thousand
  • Other and not broken out$416 thousand
Environment and natural resources
3.2%$638 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$638 thousand
Interest on debt
2.8%$561 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Palmetto Bay. 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 Village of Palmetto 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.