City government · Shelby County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Portsmouth took in $276 thousand and spent $214 thousand.

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

See every government that serves your ZIP

Where it comes from

Fees for services (water, sewer)45%City taxes29%Federal tax money12%State tax money8.7%Fines and other5.1%

What stands out

12%

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

City taxes29%

Property tax
21%$59 thousand
Sales tax
6.9%$19 thousand
Other taxes
0.7%$2 thousand
What's in other taxesOther licenses
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services45%

Fees for services
45%$125 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$84 thousand
  • Sewer$25 thousand
  • Garbage collection$16 thousand

Amounts are by Census type of charge.

Federal tax money12%

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

From the federal government
12%$33 thousand

State tax money8.7%

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

From the state
8.7%$24 thousand

Fines and other5.1%

Interest, rents and other
5.1%$14 thousand

Where it goes

Water, sewer, trash and utilities47%Interest on debt21%Running the government and other costs18%Roads, transit and parking6.1%Police, fire, courts and jails5.6%Sent to other local governments2.3%

What stands out

21%

of Portsmouth'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
47%$101 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$76 thousand
  • Garbage and solid waste$18 thousand
  • Sewer systems$7 thousand
Interest on debt
21%$44 thousand
Running the government and other costs
18%$39 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$23 thousand
  • Finance, tax collection and budgeting$12 thousand
  • Central staff services (personnel, purchasing, technology)$4 thousand
Roads, transit and parking
6.1%$13 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$13 thousand
Police, fire, courts and jails
5.6%$12 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$7 thousand
  • Police$5 thousand
Sent to other local governments
2.3%$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
Sources and moreWhere these numbers come from and what they cover

City of Portsmouth. 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 Portsmouth 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.