City government · Clinton County, KY
Albany's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Albany took in $6.2 million and spent $5.8 million.
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Where it comes from
What stands out
of Albany's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.
City taxes19%
What's in other taxesInsurance premium taxes; public utility taxes and 1 more
- Insurance premium taxes$761 thousand
- Public utility taxes$172 thousand
- Occupation and business licenses$25 thousand
Amounts are by Census tax category.
Fees for services75%
What's in fees for servicesWater; other service charges and 1 more
- Water$3.5 million
- Other service charges$799 thousand
- Sewer$315 thousand
Amounts are by Census type of charge.
State tax money2.5%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other4.0%
Where it goes
What stands out
of Albany's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.
Spending by category100%
What's in water, sewer, trash and utilitiesWater supply and sewer systems
- Water supply$3.8 million
- Sewer systems$564 thousand
What's in police, fire, courts and jailsPolice and fire protection
- Police$417 thousand
- Fire protection$228 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$412 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
- Central staff services (personnel, purchasing, technology)$233 thousand
Sources and moreWhere these numbers come from and what they cover
City of Albany. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.
What this covers. The money of City of Albany 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.