Town government · Floyd County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Georgetown took in $6.0 million and spent $4.6 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (sewer, garbage collection)39%State tax money22%Fines and other21%County and local tax money9.9%Town taxes7.6%

What stands out

21%

of Georgetown's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Town taxes7.6%

Property tax
7.5%$456 thousand
Other taxes
<0.1%$3 thousand
What's in other taxesOther licenses
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$2.3 million
What's in fees for servicesSewer; garbage collection and 1 more
  • Sewer$2.0 million
  • Garbage collection$289 thousand
  • Other service charges$27 thousand

Amounts are by Census type of charge.

State tax money22%

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

From the state
22%$1.4 million

County and local tax money9.9%

Money passed on by the county or other local governments.

From the county and other local governments
9.9%$597 thousand

Fines and other21%

Interest, rents and other
21%$1.3 million

Where it goes

Water, sewer, trash and utilities57%Running the government and other costs13%Police, fire, courts and jails8.9%Roads, transit and parking8.5%Parks, recreation and libraries6.3%All other spending6.5%

What stands out

57%

of Georgetown's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
57%$2.6 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$2.3 million
  • Garbage and solid waste$352 thousand
Running the government and other costs
13%$581 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$419 thousand
  • Other and not broken out$162 thousand
Police, fire, courts and jails
8.9%$406 thousand
What's in police, fire, courts and jailsPolice and inspections and regulation
  • Police$380 thousand
  • Inspections and regulation$26 thousand
Roads, transit and parking
8.5%$386 thousand
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$284 thousand
  • Parking$102 thousand
Parks, recreation and libraries
6.3%$287 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$287 thousand
Interest on debt
3.4%$156 thousand
Environment and natural resources
3.0%$139 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$139 thousand
Sources and moreWhere these numbers come from and what they cover

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