Town government · Marion County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Speedway took in $37.9 million and spent $28.3 million.

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

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Where it comes from

Fees for services (sewer, water)44%Town taxes41%State tax money10%Fines and other4.5%County and local tax money0.7%

What stands out

39%

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

Town taxes41%

Property tax
39%$14.8 million
Other taxes
1.6%$616 thousand
What's in other taxesOccupation and business licenses; other licenses and 1 more
  • Occupation and business licenses$280 thousand
  • Other licenses$186 thousand
  • Public utility taxes$150 thousand

Amounts are by Census tax category.

Fees for services44%

Fees for services
44%$16.6 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$11.0 million
  • Water$5.4 million
  • Other service charges$160 thousand
  • Garbage collection$102 thousand
  • Parks and recreation$16 thousand

Amounts are by Census type of charge.

State tax money10%

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

From the state
10%$4.0 million

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$266 thousand

Fines and other4.5%

Interest, rents and other
4.3%$1.6 million
Fines
0.3%$96 thousand

Where it goes

Police, fire, courts and jails41%Running the government and other costs25%Water, sewer, trash and utilities22%Roads, transit and parking5.1%Interest on debt4.7%Parks, recreation and libraries1.7%

What stands out

41%

of Speedway's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
41%$11.6 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$7.1 million
  • Fire protection$4.6 million
Running the government and other costs
25%$7.0 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$5.8 million
  • Finance, tax collection and budgeting$531 thousand
  • Central staff services (personnel, purchasing, technology)$483 thousand
  • Other government-run businesses$196 thousand
  • Government buildings$1 thousand
Water, sewer, trash and utilities
22%$6.3 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$3.8 million
  • Water supply$2.1 million
  • Garbage and solid waste$402 thousand
Roads, transit and parking
5.1%$1.5 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$846 thousand
  • Public transit$608 thousand
Interest on debt
4.7%$1.3 million
Parks, recreation and libraries
1.7%$488 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$488 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Speedway. 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 Town of Speedway 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.