City government · Miami County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Peru took in $175 million and spent $60.5 million.

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

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Where it comes from

City taxes75%Fees for services (electric power, water)23%Fines and other1.5%County and local tax money0.5%State tax money0.3%Federal tax money<0.1%

What stands out

62%

of Peru's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

City taxes75%

Property tax
62%$108 million
Other taxes
13%$23.3 million
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$22.1 million
  • Other licenses$1.2 million

Amounts are by Census tax category.

Sales tax
<0.1%$6 thousand

Fees for services23%

Fees for services
23%$39.4 million
What's in fees for servicesElectric power; water and 6 more
  • Electric power$28.7 million
  • Water$4.7 million
  • Sewer$4.1 million
  • Garbage collection$1.1 million
  • Other service charges$365 thousand
  • Parks and recreation$354 thousand
  • Airport$39 thousand
  • Other government-run businesses$26 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%$158 thousand

State tax money0.3%

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

From the state
0.3%$442 thousand

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$793 thousand

Fines and other1.5%

Interest, rents and other
1.3%$2.3 million
Fines
0.1%$231 thousand

Where it goes

Water, sewer, trash and utilities72%Sent to other local governments8.8%Police, fire, courts and jails8.7%Running the government and other costs6.1%Interest on debt1.9%All other spending2.7%

What stands out

72%

of Peru'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
72%$43.5 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$30.6 million
  • Water supply$6.1 million
  • Sewer systems$5.8 million
  • Garbage and solid waste$961 thousand
Sent to other local governments
8.8%$5.3 million
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$5.3 million
Police, fire, courts and jails
8.7%$5.3 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$2.9 million
  • Police$2.3 million
  • Courts and legal services$86 thousand
Running the government and other costs
6.1%$3.7 million
What's in running the government and other costsOther and not broken out; government buildings and 3 more
  • Other and not broken out$2.2 million
  • Government buildings$880 thousand
  • Other government-run businesses$285 thousand
  • Central staff services (personnel, purchasing, technology)$192 thousand
  • Finance, tax collection and budgeting$148 thousand
Interest on debt
1.9%$1.1 million
What's in interest on debtInterest on water supply debt; interest on general debt and 1 more
  • Interest on water supply debt$847 thousand
  • Interest on general debt$191 thousand
  • Interest on electric power debt$102 thousand
Roads, transit and parking
1.6%$972 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$871 thousand
  • Airports$101 thousand
Parks, recreation and libraries
0.7%$429 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$429 thousand
Housing and community development
0.3%$200 thousand
Health and hospitals
<0.1%$57 thousand
What's in health and hospitalsPublic health
  • Public health$57 thousand
Sources and moreWhere these numbers come from and what they cover

City of Peru. 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 Peru 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.