City government · Wright County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Galt took in $24 thousand and spent $11 thousand.

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

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Where it comes from

City taxes58%Fees for services (water, garbage collection)29%State tax money13%

What stands out

13%

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

City taxes58%

Property tax
46%$11 thousand
Sales tax
13%$3 thousand

Fees for services29%

Fees for services
29%$7 thousand
What's in fees for servicesWater and garbage collection
  • Water$6 thousand
  • Garbage collection$1 thousand

Amounts are by Census type of charge.

State tax money13%

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

From the state
13%$3 thousand

Where it goes

Running the government and other costs36%Parks, recreation and libraries27%Roads, transit and parking18%Health and hospitals9.1%Water, sewer, trash and utilities9.1%

What stands out

27%

of Galt'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%

Running the government and other costs
36%$4 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$2 thousand
  • Central staff services (personnel, purchasing, technology)$1 thousand
  • Other and not broken out$1 thousand
Parks, recreation and libraries
27%$3 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3 thousand
Roads, transit and parking
18%$2 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2 thousand
Health and hospitals
9.1%$1 thousand
What's in health and hospitalsPublic health
  • Public health$1 thousand
Water, sewer, trash and utilities
9.1%$1 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Galt. 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 Galt 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.