City government · Marshall County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Benton took in $14.5 million and spent $10.3 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

Fees for services (gas, water)63%City taxes27%Fines and other5.1%State tax money2.7%Federal tax money1.8%County and local tax money0.4%

What stands out

13%

of Benton's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

City taxes27%

Other taxes

13%$1.9 million

What's in other taxesInsurance premium taxes; public utility taxes and 2 more

Insurance premium taxes$1.3 million
Public utility taxes$328 thousand
Alcoholic beverage licenses$228 thousand
Occupation and business licenses$83 thousand

Amounts are by Census tax category.

Property tax

7.8%$1.1 million

Individual income tax

5.7%$822 thousand

Fees for services63%

Fees for services

63%$9.2 million

What's in fees for servicesGas; water and 6 more

Gas$5.2 million
Water$1.6 million
Electric power$1.1 million
Sewer$842 thousand
Garbage collection$300 thousand
Parks and recreation$34 thousand
Other service charges$31 thousand
Parking$4 thousand

Amounts are by Census type of charge.

Federal tax money1.8%

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

From the federal government

1.8%$264 thousand

State tax money2.7%

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

From the state

2.7%$388 thousand

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments

0.4%$64 thousand

Fines and other5.1%

Interest, rents and other

5.1%$737 thousand

Fines

<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities70%Running the government and other costs14%Police, fire, courts and jails8.6%Roads, transit and parking4.4%Parks, recreation and libraries1.4%All other spending2.0%

What stands out

70%

of Benton'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%

Water, sewer, trash and utilities

70%$7.2 million

What's in water, sewer, trash and utilitiesGas supply; electric power and 3 more

Gas supply$3.9 million
Electric power$1.1 million
Water supply$952 thousand
Sewer systems$908 thousand
Garbage and solid waste$283 thousand

Running the government and other costs

14%$1.4 million

What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out

Central staff services (personnel, purchasing, technology)$725 thousand
Other and not broken out$702 thousand

Police, fire, courts and jails

8.6%$882 thousand

What's in police, fire, courts and jailsPolice and fire protection

Police$761 thousand
Fire protection$121 thousand

Roads, transit and parking

4.4%$454 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$454 thousand

Parks, recreation and libraries

1.4%$147 thousand

What's in parks, recreation and librariesParks and recreation

Parks and recreation$147 thousand

Sent to other local governments

1.0%$104 thousand

What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government

Sent to local governments: other and not broken out$92 thousand
Sent to the state government$12 thousand

Housing and community development

0.6%$60 thousand

Interest on debt

0.4%$41 thousand

Sources and moreWhere these numbers come from and what they cover

City of Benton. 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 Benton 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.