City government · Linn County, IA
Palo's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2022), Palo took in $2.8 million and spent $2.4 million.
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Where it comes from
What stands out
of Palo's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.
City taxes49%
What's in other taxesOther licenses and public utility taxes
- Other licenses$22 thousand
- Public utility taxes$11 thousand
Amounts are by Census tax category.
Fees for services29%
What's in fees for servicesSewer; water and 2 more
- Sewer$456 thousand
- Water$221 thousand
- Garbage collection$137 thousand
- Other service charges$1 thousand
Amounts are by Census type of charge.
Federal tax money10%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money7.0%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other4.9%
Where it goes
What stands out
of Palo's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.
Spending by category100%
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
- Sewer systems$384 thousand
- Water supply$337 thousand
- Garbage and solid waste$137 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$423 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$337 thousand
What's in parks, recreation and librariesParks and recreation
- Parks and recreation$217 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 3 more
- Finance, tax collection and budgeting$124 thousand
- Other and not broken out$26 thousand
- Government buildings$22 thousand
- Central staff services (personnel, purchasing, technology)$10 thousand
- Other government-run businesses$1 thousand
What's in police, fire, courts and jailsCourts and legal services; police and 2 more
- Courts and legal services$41 thousand
- Police$41 thousand
- Fire protection$32 thousand
- Inspections and regulation$24 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
- Natural resources, farming and conservation$44 thousand
Sources and moreWhere these numbers come from and what they cover
City of Palo. 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 Palo 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.