Town government · Grant County, IN

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

In the latest recorded fiscal year (ended December 31, 2021), Fairmount took in $8.5 million and spent $2.7 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

State tax money75%Fees for services (sewer, water)17%Town taxes6.9%Federal tax money1.3%Fines and other0.4%

What stands out

75%

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

Town taxes6.9%

Property tax
6.9%$583 thousand

Fees for services17%

Fees for services
17%$1.4 million
What's in fees for servicesSewer; water and 1 more
  • Sewer$780 thousand
  • Water$486 thousand
  • Garbage collection$163 thousand

Amounts are by Census type of charge.

Federal tax money1.3%

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

From the federal government
1.3%$108 thousand

State tax money75%

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

From the state
75%$6.3 million

Fines and other0.4%

Interest, rents and other
0.4%$32 thousand

Where it goes

Water, sewer, trash and utilities52%Police, fire, courts and jails25%Running the government and other costs12%Interest on debt7.2%Parks, recreation and libraries3.5%

What stands out

25%

of Fairmount's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
52%$1.4 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$780 thousand
  • Water supply$450 thousand
  • Garbage and solid waste$159 thousand
Police, fire, courts and jails
25%$658 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$596 thousand
  • Fire protection$62 thousand
Running the government and other costs
12%$323 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 3 more
  • Central staff services (personnel, purchasing, technology)$111 thousand
  • Other and not broken out$105 thousand
  • Finance, tax collection and budgeting$71 thousand
  • Other government-run businesses$28 thousand
  • Government buildings$8 thousand
Interest on debt
7.2%$191 thousand
Parks, recreation and libraries
3.5%$94 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$94 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Fairmount. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Fairmount 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.