City government · Gibson County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Princeton took in $25.0 million and spent $21.3 million.

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

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Where it comes from

Fees for services (water, sewer)56%City taxes30%State tax money13%Fines and other0.4%County and local tax money0.3%Federal tax money<0.1%

What stands out

30%

of Princeton's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

City taxes30%

Property tax
30%$7.5 million
Other taxes
0.5%$130 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$111 thousand
  • Other licenses$19 thousand

Amounts are by Census tax category.

Fees for services56%

Fees for services
56%$14.0 million
What's in fees for servicesWater; sewer and 2 more
  • Water$9.0 million
  • Sewer$4.9 million
  • Parks and recreation$144 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%$20 thousand

State tax money13%

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

From the state
13%$3.2 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$69 thousand

Fines and other0.4%

Interest, rents and other
0.4%$100 thousand

Where it goes

Running the government and other costs42%Water, sewer, trash and utilities27%Police, fire, courts and jails26%Interest on debt2.3%Parks, recreation and libraries1.9%Roads, transit and parking0.2%

What stands out

26%

of Princeton's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
42%$9.0 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$8.6 million
  • Central staff services (personnel, purchasing, technology)$335 thousand
  • Finance, tax collection and budgeting$93 thousand
Water, sewer, trash and utilities
27%$5.8 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$3.3 million
  • Water supply$2.6 million
Police, fire, courts and jails
26%$5.6 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$3.1 million
  • Police$2.4 million
  • Courts and legal services$58 thousand
Interest on debt
2.3%$494 thousand
Parks, recreation and libraries
1.9%$401 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$401 thousand
Roads, transit and parking
0.2%$32 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$32 thousand
Sources and moreWhere these numbers come from and what they cover

City of Princeton. 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 Princeton 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.