City government · Taylor County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), New Market took in $564 thousand and spent $485 thousand.

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

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Where it comes from

Fees for services (water, garbage collection)28%City taxes26%Federal tax money21%Fines and other12%State tax money8.3%County and local tax money4.1%

What stands out

21%

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

City taxes26%

Property tax
19%$105 thousand
Sales tax
7.3%$41 thousand
Other taxes
0.4%$2 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$2 thousand

Amounts are by Census tax category.

Fees for services28%

Fees for services
28%$159 thousand
What's in fees for servicesWater; garbage collection and 2 more
  • Water$84 thousand
  • Garbage collection$35 thousand
  • Sewer$31 thousand
  • Other service charges$9 thousand

Amounts are by Census type of charge.

Federal tax money21%

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

From the federal government
21%$118 thousand

State tax money8.3%

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

From the state
8.3%$47 thousand

County and local tax money4.1%

Money passed on by the county or other local governments.

From the county and other local governments
4.1%$23 thousand

Fines and other12%

Interest, rents and other
12%$69 thousand

Where it goes

Running the government and other costs32%Water, sewer, trash and utilities30%Roads, transit and parking21%Parks, recreation and libraries8.0%Police, fire, courts and jails7.0%All other spending1.2%

What stands out

21%

of New Market'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%

Running the government and other costs
32%$157 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$128 thousand
  • Finance, tax collection and budgeting$17 thousand
  • Government buildings$9 thousand
  • Central staff services (personnel, purchasing, technology)$3 thousand
Water, sewer, trash and utilities
30%$147 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$97 thousand
  • Garbage and solid waste$31 thousand
  • Sewer systems$19 thousand
Roads, transit and parking
21%$102 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$102 thousand
Parks, recreation and libraries
8.0%$39 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$32 thousand
  • Libraries$7 thousand
Police, fire, courts and jails
7.0%$34 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$27 thousand
  • Police$5 thousand
  • Courts and legal services$2 thousand
Sent to other local governments
1.0%$5 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$5 thousand
Health and hospitals
0.2%$1 thousand
What's in health and hospitalsPublic health
  • Public health$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Market. 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 Market 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.