City government · Haralson County, GA

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

In the latest recorded fiscal year (ended January 31, 2022), Waco took in $814 thousand and spent $987 thousand.

Latest recorded year: ended January 31, 2022Comes fromGoes to

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Where it comes from

Fees for services (sewer, water)42%County and local tax money33%City taxes21%State tax money1.7%Fines and other1.7%Federal tax money1.1%

What stands out

33%

of Waco's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes21%

Other taxes
13%$106 thousand
What's in other taxesInsurance premium taxes; public utility taxes and 2 more
  • Insurance premium taxes$43 thousand
  • Public utility taxes$39 thousand
  • Alcoholic beverage taxes$20 thousand
  • Occupation and business licenses$4 thousand

Amounts are by Census tax category.

Property tax
7.7%$63 thousand

Fees for services42%

Fees for services
42%$341 thousand
What's in fees for servicesSewer; water and 1 more
  • Sewer$178 thousand
  • Water$118 thousand
  • Garbage collection$45 thousand

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government
1.1%$9 thousand

State tax money1.7%

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

From the state
1.7%$14 thousand

County and local tax money33%

Money passed on by the county or other local governments.

From the county and other local governments
33%$267 thousand

Fines and other1.7%

Interest, rents and other
1.7%$14 thousand

Where it goes

Water, sewer, trash and utilities36%Running the government and other costs33%Interest on debt17%Roads, transit and parking13%Parks, recreation and libraries0.7%

What stands out

17%

of Waco'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
36%$355 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$203 thousand
  • Sewer systems$152 thousand
Running the government and other costs
33%$330 thousand
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$317 thousand
  • Central staff services (personnel, purchasing, technology)$13 thousand
Interest on debt
17%$171 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$114 thousand
  • Interest on water supply debt$57 thousand
Roads, transit and parking
13%$124 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$124 thousand
Parks, recreation and libraries
0.7%$7 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$7 thousand
Sources and moreWhere these numbers come from and what they cover

City of Waco. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended January 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Waco 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.