City government · Tama County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Toledo took in $4.2 million and spent $3.2 million.

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

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Where it comes from

Fees for services (water, sewer)40%City taxes38%State tax money15%Federal tax money3.2%Fines and other2.6%County and local tax money1.2%

What stands out

7.1%

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

City taxes38%

Property tax
26%$1.1 million
Sales tax
7.1%$302 thousand
Other taxes
4.4%$185 thousand
What's in other taxesOther licenses; other selective sales taxes and 1 more
  • Other licenses$79 thousand
  • Other selective sales taxes$72 thousand
  • Public utility taxes$34 thousand

Amounts are by Census tax category.

Fees for services40%

Fees for services
40%$1.7 million
What's in fees for servicesWater; sewer and 4 more
  • Water$723 thousand
  • Sewer$582 thousand
  • Other service charges$320 thousand
  • Garbage collection$68 thousand
  • Other government-run businesses$12 thousand
  • Parks and recreation$5 thousand

Amounts are by Census type of charge.

Federal tax money3.2%

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

From the federal government
3.2%$135 thousand

State tax money15%

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

From the state
15%$627 thousand

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments
1.2%$52 thousand

Fines and other2.6%

Interest, rents and other
2.5%$107 thousand
Fines
<0.1%$4 thousand

Where it goes

Water, sewer, trash and utilities31%Police, fire, courts and jails23%Running the government and other costs15%Roads, transit and parking12%Parks, recreation and libraries9.3%All other spending10%

What stands out

7.4%

of Toledo's spending goes to health services and hospitals.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
31%$1.0 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$445 thousand
  • Water supply$396 thousand
  • Garbage and solid waste$168 thousand
Police, fire, courts and jails
23%$744 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$542 thousand
  • Fire protection$183 thousand
  • Courts and legal services$19 thousand
Running the government and other costs
15%$475 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$231 thousand
  • Finance, tax collection and budgeting$146 thousand
  • Government buildings$36 thousand
  • Other government-run businesses$34 thousand
  • Central staff services (personnel, purchasing, technology)$28 thousand
Roads, transit and parking
12%$379 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$376 thousand
  • Airports$3 thousand
Parks, recreation and libraries
9.3%$303 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$185 thousand
  • Parks and recreation$118 thousand
Health and hospitals
7.4%$241 thousand
What's in health and hospitalsPublic health
  • Public health$241 thousand
Interest on debt
2.9%$93 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$58 thousand
  • Interest on water supply debt$35 thousand
Social services
<0.1%$1 thousand
What's in social servicesOther public welfare
  • Other public welfare$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Toledo. 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 Toledo 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.