City government · Shoshone County, ID

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

In the latest recorded fiscal year (ended September 30, 2023), Wallace took in $2.8 million and spent $2.0 million.

Latest recorded year: ended September 30, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money63%City taxes25%Federal tax money8.6%Fees for services (sewer)3.5%

What stands out

63%

of Wallace's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

City taxes25%

Property tax
24%$682 thousand
Other taxes
0.4%$12 thousand
What's in other taxesAlcoholic beverage licenses and other licenses
  • Alcoholic beverage licenses$7 thousand
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services3.5%

Fees for services
3.5%$98 thousand
What's in fees for servicesSewer
  • Sewer$98 thousand

Amounts are by Census type of charge.

Federal tax money8.6%

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

From the federal government
8.6%$240 thousand

State tax money63%

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

From the state
63%$1.8 million

Where it goes

Roads, transit and parking70%Police, fire, courts and jails12%Running the government and other costs6.8%Parks, recreation and libraries4.9%Water, sewer, trash and utilities3.3%Interest on debt2.7%

What stands out

70%

of Wallace's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
70%$1.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.4 million
Police, fire, courts and jails
12%$252 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$145 thousand
  • Fire protection$92 thousand
  • Courts and legal services$11 thousand
  • Inspections and regulation$4 thousand
Running the government and other costs
6.8%$138 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$119 thousand
  • Finance, tax collection and budgeting$19 thousand
Parks, recreation and libraries
4.9%$100 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$100 thousand
Water, sewer, trash and utilities
3.3%$66 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$66 thousand
Interest on debt
2.7%$55 thousand
Sources and moreWhere these numbers come from and what they cover

City of Wallace. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended September 30, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Wallace 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.