Town government · Owen County, IN

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

In the latest recorded fiscal year (ended December 31, 2021), Spencer took in $3.6 million and spent $2.6 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (sewer, parking)43%Town taxes39%Federal tax money8.8%State tax money8.1%Fines and other0.8%

What stands out

8.8%

of Spencer's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes39%

Property tax
38%$1.4 million
Other taxes
0.7%$26 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$16 thousand
  • Other licenses$10 thousand

Amounts are by Census tax category.

Fees for services43%

Fees for services
43%$1.5 million
What's in fees for servicesSewer; parking and 2 more
  • Sewer$1.5 million
  • Parking$9 thousand
  • Road charges$7 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

Federal tax money8.8%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
8.8%$314 thousand

State tax money8.1%

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

From the state
8.1%$287 thousand

Fines and other0.8%

Interest, rents and other
0.8%$30 thousand

Where it goes

Running the government and other costs58%Water, sewer, trash and utilities21%Police, fire, courts and jails12%Roads, transit and parking5.5%Interest on debt3.2%Parks, recreation and libraries<0.1%

What stands out

58%

of Spencer's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
58%$1.5 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)$1.5 million
  • Government buildings$10 thousand
  • Other and not broken out$8 thousand
Water, sewer, trash and utilities
21%$551 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$551 thousand
Police, fire, courts and jails
12%$310 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$307 thousand
  • Police$3 thousand
Roads, transit and parking
5.5%$140 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$140 thousand
Interest on debt
3.2%$82 thousand
Parks, recreation and libraries
<0.1%$2 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Spencer. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Spencer 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.