Town government · Henry County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Knightstown took in $6.5 million and spent $5.9 million.

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

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Where it comes from

Fees for services (electric power, sewer)84%State tax money7.6%Town taxes7.0%Fines and other0.6%County and local tax money0.3%

What stands out

84%

of Knightstown's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Town taxes7.0%

Property tax
6.9%$445 thousand
Other taxes
0.1%$9 thousand
What's in other taxesOther licenses
  • Other licenses$9 thousand

Amounts are by Census tax category.

Fees for services84%

Fees for services
84%$5.5 million
What's in fees for servicesElectric power; sewer and 3 more
  • Electric power$3.6 million
  • Sewer$1.1 million
  • Water$635 thousand
  • Other government-run businesses$122 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

State tax money7.6%

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

From the state
7.6%$493 thousand

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$21 thousand

Fines and other0.6%

Interest, rents and other
0.6%$41 thousand
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities75%Running the government and other costs18%Police, fire, courts and jails2.1%Roads, transit and parking2.0%Interest on debt1.9%All other spending1.1%

What stands out

75%

of Knightstown'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
75%$4.4 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 1 more
  • Electric power$2.5 million
  • Sewer systems$1.3 million
  • Water supply$526 thousand
Running the government and other costs
18%$1.1 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$653 thousand
  • Other and not broken out$292 thousand
  • Other government-run businesses$143 thousand
Police, fire, courts and jails
2.1%$122 thousand
What's in police, fire, courts and jailsPolice
  • Police$122 thousand
Roads, transit and parking
2.0%$119 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$119 thousand
Interest on debt
1.9%$113 thousand
Parks, recreation and libraries
0.8%$49 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$49 thousand
Housing and community development
0.3%$16 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Knightstown. 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 Town of Knightstown 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.