City government · Lawrence County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Bedford took in $40.0 million and spent $46.1 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Fees for services (sewer, water)33%City taxes31%State tax money31%Fines and other3.6%County and local tax money0.5%

What stands out

31%

of Bedford's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

City taxes31%

Property tax
31%$12.3 million
Other taxes
0.5%$219 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$161 thousand
  • Other licenses$58 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$13.3 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$6.7 million
  • Water$4.9 million
  • Garbage collection$1.0 million
  • Parks and recreation$742 thousand
  • Other service charges$2 thousand

Amounts are by Census type of charge.

State tax money31%

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

From the state
31%$12.5 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$215 thousand

Fines and other3.6%

Interest, rents and other
3.6%$1.4 million
Fines
<0.1%$9 thousand

Where it goes

Housing and community development38%Running the government and other costs18%Police, fire, courts and jails18%Water, sewer, trash and utilities11%Roads, transit and parking7.1%All other spending7.1%

What stands out

38%

of Bedford's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Housing and community development
38%$17.6 million
Running the government and other costs
18%$8.5 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$5.7 million
  • Central staff services (personnel, purchasing, technology)$2.5 million
  • Finance, tax collection and budgeting$251 thousand
Police, fire, courts and jails
18%$8.3 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$4.2 million
  • Fire protection$4.1 million
  • Courts and legal services$70 thousand
Water, sewer, trash and utilities
11%$5.3 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$2.4 million
  • Water supply$2.0 million
  • Garbage and solid waste$904 thousand
Roads, transit and parking
7.1%$3.3 million
What's in roads, transit and parkingRoads and highways and ports and harbors
  • Roads and highways$3.2 million
  • Ports and harbors$43 thousand
Parks, recreation and libraries
4.8%$2.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.2 million
Interest on debt
2.3%$1.0 million
Sources and moreWhere these numbers come from and what they cover

City of Bedford. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Bedford 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.