City government · Howard County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Kokomo took in $104 million and spent $97.3 million.

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

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Where it comes from

City taxes51%State tax money21%Fees for services (sewer, parks and recreation)16%Fines and other7.1%Federal tax money3.9%County and local tax money0.9%

What stands out

51%

of Kokomo's money comes from property tax.A typical U.S. city of 50,000+ people gets 20%.

City taxes51%

Property tax
51%$52.7 million
Other taxes
0.5%$515 thousand
What's in other taxesOther licenses
  • Other licenses$515 thousand

Amounts are by Census tax category.

Fees for services16%

Fees for services
16%$16.6 million
What's in fees for servicesSewer; other service charges and 3 more
  • Sewer$14.6 million
  • Other service charges$1.1 million
  • Parks and recreation$389 thousand
  • Airport$346 thousand
  • Other government-run businesses$82 thousand

Amounts are by Census type of charge.

Federal tax money3.9%

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

From the federal government
3.9%$4.0 million

State tax money21%

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

From the state
21%$21.9 million

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$931 thousand

Fines and other7.1%

Interest, rents and other
6.9%$7.1 million
Fines
0.2%$249 thousand

Where it goes

Water, sewer, trash and utilities42%Police, fire, courts and jails26%Running the government and other costs14%Roads, transit and parking8.3%Parks, recreation and libraries5.4%All other spending4.7%

What stands out

42%

of Kokomo's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 50,000+ people spends 20%.

Spending by category100%

Water, sewer, trash and utilities
42%$40.6 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$35.7 million
  • Garbage and solid waste$4.8 million
Police, fire, courts and jails
26%$25.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$13.2 million
  • Fire protection$11.1 million
  • Inspections and regulation$584 thousand
  • Courts and legal services$348 thousand
Running the government and other costs
14%$13.5 million
What's in running the government and other costsOther and not broken out; government buildings and 3 more
  • Other and not broken out$11.2 million
  • Government buildings$821 thousand
  • Other government-run businesses$652 thousand
  • Finance, tax collection and budgeting$534 thousand
  • Central staff services (personnel, purchasing, technology)$364 thousand
Roads, transit and parking
8.3%$8.1 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
  • Roads and highways$5.1 million
  • Public transit$2.3 million
  • Airports$673 thousand
Parks, recreation and libraries
5.4%$5.3 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5.3 million
Interest on debt
3.3%$3.2 million
Housing and community development
1.3%$1.3 million
Sources and moreWhere these numbers come from and what they cover

City of Kokomo. 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 Kokomo 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.