City government · Newton County, GA

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

In the latest recorded fiscal year (ended June 30, 2024), Covington took in $163 million and spent $133 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, gas)65%Federal tax money13%City taxes9.5%Fines and other7.5%County and local tax money4.8%State tax money0.4%

What stands out

13%

of Covington's money comes from federal tax money.A typical U.S. city of 10,000 to 50,000 people gets 1.2%.

City taxes9.5%

Property tax
5.0%$8.2 million
Other taxes
4.4%$7.2 million
What's in other taxesOther selective sales taxes; other licenses and 5 more
  • Other selective sales taxes$1.8 million
  • Other licenses$1.6 million
  • Other taxes not classified elsewhere$1.4 million
  • Insurance premium taxes$1.3 million
  • Public utility taxes$857 thousand
  • Alcoholic beverage licenses$178 thousand
  • Occupation and business licenses$19 thousand

Amounts are by Census tax category.

Fees for services65%

Fees for services
65%$106 million
What's in fees for servicesElectric power; gas and 7 more
  • Electric power$62.4 million
  • Gas$17.3 million
  • Sewer$12.3 million
  • Water$4.7 million
  • Other service charges$4.2 million
  • Garbage collection$3.7 million
  • Airport$1.3 million
  • Parks and recreation$136 thousand
  • Other government-run businesses$70 thousand

Amounts are by Census type of charge.

Federal tax money13%

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

From the federal government
13%$20.4 million

State tax money0.4%

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

From the state
0.4%$703 thousand

County and local tax money4.8%

Money passed on by the county or other local governments.

From the county and other local governments
4.8%$7.9 million

Fines and other7.5%

Interest, rents and other
6.9%$11.2 million
Fines
0.6%$901 thousand

Where it goes

Running the government and other costs57%Water, sewer, trash and utilities25%Police, fire, courts and jails14%Roads, transit and parking3.9%Parks, recreation and libraries0.2%Interest on debt<0.1%

What stands out

57%

of Covington's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
57%$75.5 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 3 more
  • Other and not broken out$64.0 million
  • Central staff services (personnel, purchasing, technology)$5.9 million
  • Finance, tax collection and budgeting$4.6 million
  • Government buildings$636 thousand
  • Other government-run businesses$401 thousand
Water, sewer, trash and utilities
25%$33.2 million
What's in water, sewer, trash and utilitiesGas supply; sewer systems and 2 more
  • Gas supply$11.1 million
  • Sewer systems$10.1 million
  • Water supply$8.5 million
  • Garbage and solid waste$3.5 million
Police, fire, courts and jails
14%$18.8 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$10.3 million
  • Fire protection$7.3 million
  • Courts and legal services$1.1 million
Roads, transit and parking
3.9%$5.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$5.2 million
Parks, recreation and libraries
0.2%$202 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$202 thousand
Interest on debt
<0.1%$94 thousand
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$65 thousand
  • Interest on water supply debt$24 thousand
  • Interest on gas supply debt$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of Covington. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Covington 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.