Town government · Polk County, FL

Polk City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2021), Polk City took in $7.4 million and spent $4.5 million.

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

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Where it comes from

Fees for services (water, garbage collection)42%Town taxes30%State tax money20%Fines and other5.2%County and local tax money2.4%

What stands out

16%

of Polk City's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Town taxes30%

Other taxes
16%$1.2 million
What's in other taxesOther licenses; public utility taxes and 2 more
  • Other licenses$435 thousand
  • Public utility taxes$422 thousand
  • Motor fuel taxes$157 thousand
  • Occupation and business licenses$140 thousand

Amounts are by Census tax category.

Property tax
14%$1.1 million

Fees for services42%

Fees for services
42%$3.1 million
What's in fees for servicesWater; garbage collection and 3 more
  • Water$2.7 million
  • Garbage collection$347 thousand
  • Parks, land and natural resources$35 thousand
  • Road charges$18 thousand
  • Other service charges$5 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$2 thousand

State tax money20%

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

From the state
20%$1.5 million

County and local tax money2.4%

Money passed on by the county or other local governments.

From the county and other local governments
2.4%$178 thousand

Fines and other5.2%

Interest, rents and other
4.9%$359 thousand
Fines
0.3%$23 thousand

Where it goes

Water, sewer, trash and utilities41%Running the government and other costs21%Roads, transit and parking10%Interest on debt10%Police, fire, courts and jails10%All other spending7.6%

What stands out

10%

of Polk City's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
41%$1.8 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$1.5 million
  • Garbage and solid waste$288 thousand
  • Water supply$2 thousand
Running the government and other costs
21%$921 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$528 thousand
  • Central staff services (personnel, purchasing, technology)$345 thousand
  • Other and not broken out$48 thousand
Roads, transit and parking
10%$463 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$463 thousand
Interest on debt
10%$460 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$420 thousand
  • Interest on general debt$40 thousand
Police, fire, courts and jails
10%$451 thousand
What's in police, fire, courts and jailsInspections and regulation; police and 1 more
  • Inspections and regulation$242 thousand
  • Police$132 thousand
  • Courts and legal services$77 thousand
Parks, recreation and libraries
4.1%$184 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$138 thousand
  • Parks and recreation$46 thousand
Environment and natural resources
3.4%$154 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$154 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Polk City. 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 Town of Polk City 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.