City government · Tipton County, IN

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

In the latest recorded fiscal year (ended December 31, 2021), Tipton took in $26.2 million and spent $7.2 million.

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

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Where it comes from

Fees for services (electric power, sewer)85%City taxes12%State tax money2.4%Fines and other0.5%County and local tax money0.1%

What stands out

85%

of Tipton's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes12%

Property tax
12%$3.1 million
Other taxes
0.5%$132 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$69 thousand
  • Other licenses$63 thousand

Amounts are by Census tax category.

Fees for services85%

Fees for services
85%$22.2 million
What's in fees for servicesElectric power; sewer and 5 more
  • Electric power$13.8 million
  • Sewer$6.5 million
  • Water$1.8 million
  • Other government-run businesses$118 thousand
  • Garbage collection$7 thousand
  • Road charges$4 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

State tax money2.4%

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

From the state
2.4%$627 thousand

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$36 thousand

Fines and other0.5%

Interest, rents and other
0.5%$120 thousand

Where it goes

Police, fire, courts and jails35%Running the government and other costs31%Parks, recreation and libraries11%Roads, transit and parking10%Interest on debt8.6%All other spending4.3%

What stands out

35%

of Tipton'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
35%$2.5 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$1.3 million
  • Police$1.2 million
Running the government and other costs
31%$2.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other government-run businesses and 2 more
  • Central staff services (personnel, purchasing, technology)$1.9 million
  • Other government-run businesses$136 thousand
  • Finance, tax collection and budgeting$131 thousand
  • Other and not broken out$41 thousand
Parks, recreation and libraries
11%$779 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$779 thousand
Roads, transit and parking
10%$727 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$727 thousand
Interest on debt
8.6%$621 thousand
Health and hospitals
3.5%$253 thousand
What's in health and hospitalsPublic health
  • Public health$253 thousand
Water, sewer, trash and utilities
0.7%$50 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$50 thousand
Housing and community development
<0.1%$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of Tipton. 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 City of Tipton 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.