City government · Scott County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Princeton took in $1.3 million and spent $1.3 million.

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

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Where it comes from

City taxes51%Fees for services (water, sewer)33%State tax money9.9%Federal tax money5.7%Fines and other0.9%

What stands out

14%

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

City taxes51%

Property tax
35%$476 thousand
Sales tax
14%$193 thousand
Other taxes
0.9%$12 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$9 thousand
  • Public utility taxes$3 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$444 thousand
What's in fees for servicesWater; sewer and 3 more
  • Water$180 thousand
  • Sewer$131 thousand
  • Garbage collection$69 thousand
  • Other service charges$59 thousand
  • Road charges$5 thousand

Amounts are by Census type of charge.

Federal tax money5.7%

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

From the federal government
5.7%$77 thousand

State tax money9.9%

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

From the state
9.9%$134 thousand

Fines and other0.9%

Interest, rents and other
0.8%$11 thousand
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities31%Police, fire, courts and jails22%Roads, transit and parking15%Running the government and other costs14%Parks, recreation and libraries8.8%All other spending9.1%

What stands out

8.8%

of Princeton's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
31%$413 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$239 thousand
  • Sewer systems$111 thousand
  • Garbage and solid waste$63 thousand
Police, fire, courts and jails
22%$284 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$142 thousand
  • Fire protection$122 thousand
  • Courts and legal services$14 thousand
  • Inspections and regulation$6 thousand
Roads, transit and parking
15%$191 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$191 thousand
Running the government and other costs
14%$189 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$114 thousand
  • Finance, tax collection and budgeting$61 thousand
  • Government buildings$8 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
Parks, recreation and libraries
8.8%$115 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$80 thousand
  • Libraries$35 thousand
Interest on debt
6.1%$80 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$51 thousand
  • Interest on water supply debt$29 thousand
Housing and community development
3.0%$40 thousand
Sources and moreWhere these numbers come from and what they cover

City of Princeton. 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 Princeton 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.