City government · Floyd County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), New Albany took in $72.5 million and spent $79.7 million.

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

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Where it comes from

City taxes38%Fees for services (sewer, parks and recreation)37%State tax money22%Fines and other2.3%County and local tax money1.1%

What stands out

22%

of New Albany's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

City taxes38%

Property tax
37%$26.6 million
Other taxes
1.0%$742 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$491 thousand
  • Public utility taxes$251 thousand

Amounts are by Census tax category.

Fees for services37%

Fees for services
37%$27.0 million
What's in fees for servicesSewer; parks and recreation and 3 more
  • Sewer$26.1 million
  • Parks and recreation$883 thousand
  • Other government-run businesses$49 thousand
  • Parking$12 thousand
  • Other service charges$5 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$12 thousand

State tax money22%

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

From the state
22%$15.6 million

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$818 thousand

Fines and other2.3%

Interest, rents and other
2.3%$1.7 million
Fines
<0.1%$14 thousand

Where it goes

Police, fire, courts and jails35%Running the government and other costs28%Water, sewer, trash and utilities20%Roads, transit and parking11%Parks, recreation and libraries5.0%All other spending1.2%

What stands out

28%

of New Albany's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Police, fire, courts and jails
35%$28.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$14.1 million
  • Fire protection$13.1 million
  • Prisons and jails$683 thousand
  • Courts and legal services$321 thousand
Running the government and other costs
28%$22.0 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$14.3 million
  • Central staff services (personnel, purchasing, technology)$5.3 million
  • Finance, tax collection and budgeting$2.1 million
  • Other government-run businesses$357 thousand
Water, sewer, trash and utilities
20%$16.1 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$13.5 million
  • Garbage and solid waste$2.6 million
Roads, transit and parking
11%$8.4 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$8.4 million
  • Parking$78 thousand
Parks, recreation and libraries
5.0%$4.0 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4.0 million
Health and hospitals
0.9%$748 thousand
What's in health and hospitalsPublic health
  • Public health$748 thousand
Environment and natural resources
0.2%$184 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$184 thousand
Housing and community development
<0.1%$6 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Albany. 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 New Albany 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.