City government · Wayne County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Richmond took in $145 million and spent $143 million.

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

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Where it comes from

Fees for services (electric power, sewer)78%City taxes20%Fines and other2.0%State tax money0.1%

What stands out

78%

of Richmond's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes20%

Property tax
20%$28.8 million
Sales tax
<0.1%$19 thousand

Fees for services78%

Fees for services
78%$113 million
What's in fees for servicesElectric power; sewer and 5 more
  • Electric power$93.2 million
  • Sewer$16.7 million
  • Garbage collection$2.2 million
  • Parks and recreation$432 thousand
  • Airport$251 thousand
  • Transit fares$132 thousand
  • Parking$24 thousand

Amounts are by Census type of charge.

State tax money0.1%

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

From the state
0.1%$183 thousand

Fines and other2.0%

Interest, rents and other
2.0%$2.9 million

Where it goes

Water, sewer, trash and utilities69%Police, fire, courts and jails21%Roads, transit and parking4.1%Parks, recreation and libraries2.3%Running the government and other costs2.3%All other spending0.7%

What stands out

69%

of Richmond'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
69%$99.4 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 1 more
  • Electric power$82.3 million
  • Sewer systems$14.0 million
  • Garbage and solid waste$3.1 million
Police, fire, courts and jails
21%$30.5 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$17.7 million
  • Police$11.1 million
  • Inspections and regulation$1.4 million
  • Courts and legal services$288 thousand
Roads, transit and parking
4.1%$5.9 million
What's in roads, transit and parkingRoads and highways; public transit and 2 more
  • Roads and highways$3.7 million
  • Public transit$1.4 million
  • Airports$818 thousand
  • Parking$51 thousand
Parks, recreation and libraries
2.3%$3.3 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3.3 million
Running the government and other costs
2.3%$3.3 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 1 more
  • Central staff services (personnel, purchasing, technology)$1.4 million
  • Government buildings$1.3 million
  • Finance, tax collection and budgeting$592 thousand
Sent to other local governments
0.5%$778 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$778 thousand
Interest on debt
0.1%$205 thousand
What's in interest on debtInterest on general debt and interest on electric power debt
  • Interest on general debt$204 thousand
  • Interest on electric power debt$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Richmond. 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 Richmond 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.