City government · Sarasota County, FL

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

In the latest recorded fiscal year (ended September 30, 2023), Venice took in $115 million and spent $92.6 million.

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

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Where it comes from

City taxes42%Fees for services (sewer, water)36%Fines and other12%County and local tax money3.9%Federal tax money3.6%State tax money3.2%

What stands out

12%

of Venice's money comes from interest, rents and other revenue.A typical U.S. city of 10,000 to 50,000 people gets 4.9%.

City taxes42%

Property tax
28%$32.6 million
Other taxes
13%$15.1 million
What's in other taxesPublic utility taxes; other licenses and 3 more
  • Public utility taxes$5.2 million
  • Other licenses$4.3 million
  • Occupation and business licenses$3.5 million
  • Motor fuel taxes$1.3 million
  • Insurance premium taxes$776 thousand

Amounts are by Census tax category.

Fees for services36%

Fees for services
36%$41.3 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$13.9 million
  • Water$13.9 million
  • Garbage collection$7.7 million
  • Parks, land and natural resources$3.5 million
  • Other service charges$2.3 million

Amounts are by Census type of charge.

Federal tax money3.6%

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

From the federal government
3.6%$4.1 million

State tax money3.2%

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

From the state
3.2%$3.7 million

County and local tax money3.9%

Money passed on by the county or other local governments.

From the county and other local governments
3.9%$4.5 million

Fines and other12%

Interest, rents and other
12%$13.4 million
Fines
<0.1%$113 thousand

Where it goes

Police, fire, courts and jails34%Water, sewer, trash and utilities30%Running the government and other costs17%Roads, transit and parking5.6%Parks, recreation and libraries4.9%All other spending9.4%

What stands out

4.2%

of Venice's spending goes to health services and hospitals.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
34%$31.3 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$12.3 million
  • Fire protection$11.3 million
  • Inspections and regulation$7.3 million
  • Courts and legal services$387 thousand
Water, sewer, trash and utilities
30%$27.3 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; sewer systems and 1 more
  • Garbage and solid waste$11.0 million
  • Sewer systems$8.2 million
  • Water supply$8.2 million
Running the government and other costs
17%$15.6 million
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$11.6 million
  • Central staff services (personnel, purchasing, technology)$3.5 million
  • Other and not broken out$507 thousand
Roads, transit and parking
5.6%$5.2 million
What's in roads, transit and parkingAirports and roads and highways
  • Airports$4.1 million
  • Roads and highways$1.1 million
Parks, recreation and libraries
4.9%$4.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4.6 million
Health and hospitals
4.2%$3.9 million
What's in health and hospitalsPublic health
  • Public health$3.9 million
Environment and natural resources
3.1%$2.9 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$2.9 million
Interest on debt
2.1%$1.9 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$1.1 million
  • Interest on water supply debt$805 thousand
Sources and moreWhere these numbers come from and what they cover

City of Venice. 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 Venice 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.