City government · Clinton County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Toronto took in $86 thousand and spent $73 thousand.

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

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Where it comes from

Fees for services (sewer, garbage collection)48%City taxes35%State tax money13%County and local tax money4.7%

What stands out

17%

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

City taxes35%

Property tax
17%$15 thousand
Sales tax
17%$15 thousand

Fees for services48%

Fees for services
48%$41 thousand
What's in fees for servicesSewer and garbage collection
  • Sewer$33 thousand
  • Garbage collection$8 thousand

Amounts are by Census type of charge.

State tax money13%

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

From the state
13%$11 thousand

County and local tax money4.7%

Money passed on by the county or other local governments.

From the county and other local governments
4.7%$4 thousand

Where it goes

Water, sewer, trash and utilities47%Police, fire, courts and jails19%Roads, transit and parking9.6%Sent to other local governments8.2%Running the government and other costs6.8%All other spending9.6%

What stands out

8.2%

of Toronto'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%

Water, sewer, trash and utilities
47%$34 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$27 thousand
  • Garbage and solid waste$7 thousand
Police, fire, courts and jails
19%$14 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$8 thousand
  • Police$6 thousand
Roads, transit and parking
9.6%$7 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$7 thousand
Sent to other local governments
8.2%$6 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$6 thousand
Running the government and other costs
6.8%$5 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$2 thousand
  • Central staff services (personnel, purchasing, technology)$2 thousand
  • Other and not broken out$1 thousand
Interest on debt
5.5%$4 thousand
Parks, recreation and libraries
2.7%$2 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$2 thousand
Health and hospitals
1.4%$1 thousand
What's in health and hospitalsPublic health
  • Public health$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Toronto. 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 Toronto 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.