City government · Lee County, IA
Franklin's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2022), Franklin took in $69 thousand and spent $47 thousand.
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Where it comes from
What stands out
of Franklin's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.
City taxes61%
What's in other taxesOther licenses
- Other licenses$1 thousand
Amounts are by Census tax category.
Federal tax money14%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money23%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other1.4%
Where it goes
What stands out
of Franklin's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.
Spending by category100%
What's in roads, transit and parkingRoads and highways
- Roads and highways$30 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
- Other and not broken out$5 thousand
- Government buildings$4 thousand
- Finance, tax collection and budgeting$1 thousand
- Central staff services (personnel, purchasing, technology)$1 thousand
What's in parks, recreation and librariesParks and recreation
- Parks and recreation$5 thousand
What's in police, fire, courts and jailsFire protection
- Fire protection$1 thousand
Sources and moreWhere these numbers come from and what they cover
City of Franklin. 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 Franklin 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.