Town government · Hamilton County, IN

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

In the latest recorded fiscal year (ended December 31, 2021), Sheridan took in $4.5 million and spent $4.5 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Town taxes72%County and local tax money9.7%State tax money8.0%Fines and other5.3%Fees for services (garbage collection, parks and recreation)5.3%

What stands out

29%

of Sheridan's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes72%

Individual income tax
29%$1.3 million
Property tax
28%$1.2 million
Other taxes
15%$666 thousand
What's in other taxesOther selective sales taxes; motor vehicle licenses and 1 more
  • Other selective sales taxes$413 thousand
  • Motor vehicle licenses$157 thousand
  • Other licenses$96 thousand

Amounts are by Census tax category.

Fees for services5.3%

Fees for services
5.3%$236 thousand
What's in fees for servicesGarbage collection; parks and recreation and 3 more
  • Garbage collection$213 thousand
  • Parks and recreation$12 thousand
  • Road charges$5 thousand
  • Other service charges$4 thousand
  • Water$2 thousand

Amounts are by Census type of charge.

State tax money8.0%

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

From the state
8.0%$359 thousand

County and local tax money9.7%

Money passed on by the county or other local governments.

From the county and other local governments
9.7%$436 thousand

Fines and other5.3%

Interest, rents and other
5.3%$237 thousand

Where it goes

Police, fire, courts and jails54%Running the government and other costs30%Roads, transit and parking6.1%Water, sewer, trash and utilities4.4%Parks, recreation and libraries2.9%Interest on debt2.4%

What stands out

54%

of Sheridan'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%

Police, fire, courts and jails
54%$2.4 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$1.4 million
  • Police$1.1 million
Running the government and other costs
30%$1.3 million
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$942 thousand
  • Other and not broken out$343 thousand
  • Central staff services (personnel, purchasing, technology)$52 thousand
Roads, transit and parking
6.1%$273 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$273 thousand
Water, sewer, trash and utilities
4.4%$197 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$197 thousand
Parks, recreation and libraries
2.9%$130 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$130 thousand
Interest on debt
2.4%$109 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Sheridan. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Sheridan 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.