City government · Marshall County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Albion took in $385 thousand and spent $661 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

City taxes52%State tax money19%County and local tax money12%Federal tax money9.6%Fines and other7.8%

What stands out

19%

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

City taxes52%

Property tax
32%$122 thousand
Sales tax
19%$75 thousand
Other taxes
0.8%$3 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$2 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Federal tax money9.6%

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

From the federal government
9.6%$37 thousand

State tax money19%

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

From the state
19%$72 thousand

County and local tax money12%

Money passed on by the county or other local governments.

From the county and other local governments
12%$46 thousand

Fines and other7.8%

Interest, rents and other
7.8%$30 thousand

Where it goes

Water, sewer, trash and utilities44%Parks, recreation and libraries14%Running the government and other costs13%Roads, transit and parking12%Police, fire, courts and jails8.0%All other spending8.6%

What stands out

14%

of Albion's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
44%$293 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$228 thousand
  • Sewer systems$63 thousand
  • Garbage and solid waste$2 thousand
Parks, recreation and libraries
14%$94 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$57 thousand
  • Libraries$37 thousand
Running the government and other costs
13%$87 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$37 thousand
  • Finance, tax collection and budgeting$33 thousand
  • Government buildings$15 thousand
  • Central staff services (personnel, purchasing, technology)$2 thousand
Roads, transit and parking
12%$77 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$77 thousand
Police, fire, courts and jails
8.0%$53 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$35 thousand
  • Police$13 thousand
  • Courts and legal services$5 thousand
Interest on debt
6.1%$40 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$26 thousand
  • Interest on general debt$14 thousand
Sent to other local governments
2.1%$14 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$14 thousand
Health and hospitals
0.5%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Albion. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Albion 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.