Township government · Floyd County, IN

New Albany Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), New Albany Township took in $422 thousand and spent $435 thousand.

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

See every government that serves your ZIP

Where it comes from

Township taxes39%State tax money37%Fines and other24%

What stands out

37%

of New Albany Township's money comes from state tax money.A typical U.S. township or town of 50,000+ people gets 6.9%.

Township taxes39%

Property tax
39%$165 thousand

State tax money37%

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

From the state
37%$157 thousand

Fines and other24%

Interest, rents and other
24%$100 thousand

Where it goes

Sent to other local governments50%Running the government and other costs50%

What stands out

50%

of New Albany Township's spending goes to local governments.Most U.S. townships and towns of 50,000+ people spend nothing on this.

Spending by category100%

Sent to other local governments
50%$218 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$218 thousand
Running the government and other costs
50%$217 thousand
What's in running the government and other costsOther and not broken out
  • Other and not broken out$217 thousand
Sources and moreWhere these numbers come from and what they cover

New Albany Township. 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 New Albany Township 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.