City government · Taylor County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Gravity took in $84 thousand and spent $72 thousand.

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

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Where it comes from

City taxes38%State tax money24%Fees for services (garbage collection)20%Federal tax money15%Fines and other2.4%

What stands out

17%

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

City taxes38%

Property tax
21%$18 thousand
Sales tax
17%$14 thousand

Fees for services20%

Fees for services
20%$17 thousand
What's in fees for servicesGarbage collection
  • Garbage collection$17 thousand

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$13 thousand

State tax money24%

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

From the state
24%$20 thousand

Fines and other2.4%

Interest, rents and other
2.4%$2 thousand

Where it goes

Running the government and other costs63%Water, sewer, trash and utilities22%Roads, transit and parking6.9%Police, fire, courts and jails5.6%Parks, recreation and libraries2.8%

What stands out

63%

of Gravity'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
63%$45 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$34 thousand
  • Finance, tax collection and budgeting$6 thousand
  • Government buildings$3 thousand
  • Central staff services (personnel, purchasing, technology)$1 thousand
  • Other government-run businesses$1 thousand
Water, sewer, trash and utilities
22%$16 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$16 thousand
Roads, transit and parking
6.9%$5 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$5 thousand
Police, fire, courts and jails
5.6%$4 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$4 thousand
Parks, recreation and libraries
2.8%$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

City of Gravity. 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 Gravity 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.