City government · Manatee County, FL

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

In the latest recorded fiscal year (ended September 30, 2023), Palmetto took in $39.6 million and spent $44.5 million.

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

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Where it comes from

City taxes46%Fees for services (water, sewer)34%State tax money7.7%Fines and other6.1%Federal tax money4.1%County and local tax money1.4%

What stands out

17%

of Palmetto'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%.

City taxes46%

Property tax
30%$11.8 million
Other taxes
17%$6.6 million
What's in other taxesPublic utility taxes; motor fuel taxes and 3 more
  • Public utility taxes$2.0 million
  • Motor fuel taxes$1.6 million
  • Occupation and business licenses$1.6 million
  • Other licenses$1.2 million
  • Insurance premium taxes$171 thousand

Amounts are by Census tax category.

Fees for services34%

Fees for services
34%$13.5 million
What's in fees for servicesWater; sewer and 6 more
  • Water$4.7 million
  • Sewer$3.9 million
  • Garbage collection$2.4 million
  • Parks, land and natural resources$1.6 million
  • Other service charges$776 thousand
  • Road charges$85 thousand
  • Parks and recreation$18 thousand
  • Other government-run businesses$1 thousand

Amounts are by Census type of charge.

Federal tax money4.1%

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

From the federal government
4.1%$1.6 million

State tax money7.7%

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

From the state
7.7%$3.1 million

County and local tax money1.4%

Money passed on by the county or other local governments.

From the county and other local governments
1.4%$563 thousand

Fines and other6.1%

Interest, rents and other
5.9%$2.3 million
Fines
0.2%$74 thousand

Where it goes

Running the government and other costs35%Police, fire, courts and jails27%Water, sewer, trash and utilities16%Roads, transit and parking9.5%Environment and natural resources9.0%All other spending3.0%

What stands out

9%

of Palmetto's spending goes to the environment and natural resources.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
35%$15.7 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$9.2 million
  • Finance, tax collection and budgeting$3.3 million
  • Central staff services (personnel, purchasing, technology)$3.2 million
Police, fire, courts and jails
27%$12.2 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 1 more
  • Police$11.2 million
  • Inspections and regulation$714 thousand
  • Courts and legal services$325 thousand
Water, sewer, trash and utilities
16%$7.1 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$3.1 million
  • Garbage and solid waste$2.6 million
  • Sewer systems$1.5 million
Roads, transit and parking
9.5%$4.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.2 million
Environment and natural resources
9.0%$4.0 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$4.0 million
Parks, recreation and libraries
1.6%$714 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$714 thousand
Interest on debt
1.4%$622 thousand
Sources and moreWhere these numbers come from and what they cover

City of Palmetto. 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 Palmetto 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.