City government · Pocahontas County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Palmer took in $245 thousand and spent $175 thousand.

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

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Where it comes from

Fees for services (sewer, water)43%City taxes40%County and local tax money6.5%Federal tax money4.5%State tax money4.5%Fines and other1.6%

What stands out

7.3%

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

City taxes40%

Property tax
32%$79 thousand
Sales tax
7.3%$18 thousand
Other taxes
0.4%$1 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$1 thousand

Amounts are by Census tax category.

Fees for services43%

Fees for services
43%$105 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$51 thousand
  • Water$35 thousand
  • Garbage collection$17 thousand
  • Other service charges$2 thousand

Amounts are by Census type of charge.

Federal tax money4.5%

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

From the federal government
4.5%$11 thousand

State tax money4.5%

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

From the state
4.5%$11 thousand

County and local tax money6.5%

Money passed on by the county or other local governments.

From the county and other local governments
6.5%$16 thousand

Fines and other1.6%

Interest, rents and other
1.6%$4 thousand

Where it goes

Water, sewer, trash and utilities49%Running the government and other costs15%Parks, recreation and libraries13%Interest on debt12%Roads, transit and parking6.9%Police, fire, courts and jails4.6%

What stands out

12%

of Palmer's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
49%$85 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$35 thousand
  • Water supply$34 thousand
  • Garbage and solid waste$16 thousand
Running the government and other costs
15%$26 thousand
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 3 more
  • Finance, tax collection and budgeting$8 thousand
  • Government buildings$8 thousand
  • Other and not broken out$6 thousand
  • Central staff services (personnel, purchasing, technology)$3 thousand
  • Other government-run businesses$1 thousand
Parks, recreation and libraries
13%$23 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$19 thousand
  • Parks and recreation$4 thousand
Interest on debt
12%$21 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$17 thousand
  • Interest on water supply debt$4 thousand
Roads, transit and parking
6.9%$12 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$12 thousand
Police, fire, courts and jails
4.6%$8 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 1 more
  • Fire protection$5 thousand
  • Courts and legal services$2 thousand
  • Police$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Palmer. 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 Palmer 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.