City government · Henry County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), New Castle took in $50.5 million and spent $52.9 million.

Latest recorded year: ended December 31, 2023Comes from Goes to

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Where it comes from

Fees for services (sewer, hospital bills)49%City taxes31%Fines and other13%State tax money5.4%Federal tax money0.8%County and local tax money0.8%

What stands out

12%

of New Castle's money comes from a personal income tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes31%

Property tax

18%$9.0 million

Individual income tax

12%$5.9 million

Other taxes

1.4%$704 thousand

What's in other taxesAmusement taxes; occupation and business licenses and 1 more

Amusement taxes$339 thousand
Occupation and business licenses$209 thousand
Public utility taxes$156 thousand

Amounts are by Census tax category.

Fees for services49%

Fees for services

49%$24.7 million

What's in fees for servicesSewer; hospital bills and 4 more

Sewer$18.4 million
Hospital bills$3.4 million
Water$1.4 million
Garbage collection$1.2 million
Other government-run businesses$290 thousand
Parks and recreation$78 thousand

Amounts are by Census type of charge.

Federal tax money0.8%

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

From the federal government

0.8%$400 thousand

State tax money5.4%

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

From the state

5.4%$2.7 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments

0.8%$394 thousand

Fines and other13%

Interest, rents and other

13%$6.7 million

Fines

<0.1%$13 thousand

Where it goes

Water, sewer, trash and utilities59%Running the government and other costs16%Police, fire, courts and jails13%Roads, transit and parking5.0%Health and hospitals2.6%All other spending4.8%

What stands out

59%

of New Castle's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities

59%$31.3 million

What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more

Sewer systems$23.9 million
Water supply$4.4 million
Garbage and solid waste$2.9 million

Running the government and other costs

16%$8.4 million

What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more

Other and not broken out$6.4 million
Central staff services (personnel, purchasing, technology)$1.6 million
Finance, tax collection and budgeting$357 thousand

Police, fire, courts and jails

13%$6.7 million

What's in police, fire, courts and jailsPolice; fire protection and 2 more

Police$2.8 million
Fire protection$2.5 million
Inspections and regulation$1.3 million
Courts and legal services$133 thousand

Roads, transit and parking

5.0%$2.6 million

What's in roads, transit and parkingRoads and highways; public transit and 1 more

Roads and highways$1.6 million
Public transit$865 thousand
Airports$137 thousand

Health and hospitals

2.6%$1.4 million

What's in health and hospitalsPublic health

Public health$1.4 million

Parks, recreation and libraries

2.5%$1.3 million

What's in parks, recreation and librariesParks and recreation

Parks and recreation$1.3 million

Interest on debt

2.2%$1.2 million

Sources and moreWhere these numbers come from and what they cover

City of New Castle. 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 Castle 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.