City government · Henry County, IA

New London's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), New London took in $4.7 million and spent $4.3 million.

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

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Where it comes from

Fees for services (electric power, sewer)66%City taxes18%State tax money5.6%Fines and other4.7%Federal tax money4.3%County and local tax money1.1%

What stands out

66%

of New London'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 taxes18%

Property tax
12%$575 thousand
Sales tax
5.2%$243 thousand
Other taxes
0.4%$18 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$13 thousand
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services66%

Fees for services
66%$3.1 million
What's in fees for servicesElectric power; sewer and 3 more
  • Electric power$1.9 million
  • Sewer$540 thousand
  • Water$495 thousand
  • Garbage collection$189 thousand
  • Other service charges$5 thousand

Amounts are by Census type of charge.

Federal tax money4.3%

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

From the federal government
4.3%$203 thousand

State tax money5.6%

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

From the state
5.6%$264 thousand

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$50 thousand

Fines and other4.7%

Interest, rents and other
4.4%$204 thousand
Fines
0.4%$18 thousand

Where it goes

Water, sewer, trash and utilities55%Roads, transit and parking20%Police, fire, courts and jails9.6%Interest on debt6.2%Parks, recreation and libraries5.5%All other spending3.6%

What stands out

55%

of New London's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
55%$2.4 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$1.6 million
  • Water supply$385 thousand
  • Sewer systems$209 thousand
  • Garbage and solid waste$167 thousand
Roads, transit and parking
20%$856 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$856 thousand
Police, fire, courts and jails
9.6%$414 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$349 thousand
  • Fire protection$55 thousand
  • Courts and legal services$10 thousand
Interest on debt
6.2%$267 thousand
Parks, recreation and libraries
5.5%$240 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$215 thousand
  • Parks and recreation$25 thousand
Running the government and other costs
3.4%$146 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 2 more
  • Finance, tax collection and budgeting$68 thousand
  • Other and not broken out$52 thousand
  • Government buildings$22 thousand
  • Central staff services (personnel, purchasing, technology)$4 thousand
Sent to other local governments
0.2%$7 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$7 thousand
Health and hospitals
0.1%$5 thousand
What's in health and hospitalsPublic health
  • Public health$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of New London. 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 New London 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.