City government · Campbell County, KY

Cold Spring's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Cold Spring took in $4.8 million and spent $7.7 million.

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

See every government that serves your ZIP

Where it comes from

City taxes77%Fees for services (garbage collection, water)16%State tax money5.2%Fines and other2.5%

What stands out

27%

of Cold Spring's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes77%

Individual income tax
27%$1.3 million
Property tax
26%$1.2 million
Other taxes
21%$996 thousand
What's in other taxesInsurance premium taxes; public utility taxes and 2 more
  • Insurance premium taxes$950 thousand
  • Public utility taxes$32 thousand
  • Alcoholic beverage licenses$10 thousand
  • Other licenses$4 thousand

Amounts are by Census tax category.

Business income tax
3.4%$165 thousand

Fees for services16%

Fees for services
16%$761 thousand
What's in fees for servicesGarbage collection; water and 1 more
  • Garbage collection$408 thousand
  • Water$255 thousand
  • Other service charges$98 thousand

Amounts are by Census type of charge.

State tax money5.2%

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

From the state
5.2%$248 thousand

Fines and other2.5%

Interest, rents and other
2.5%$120 thousand

Where it goes

Police, fire, courts and jails46%Parks, recreation and libraries29%Running the government and other costs13%Roads, transit and parking7.8%Interest on debt4.1%

What stands out

29%

of Cold Spring'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%

Police, fire, courts and jails
46%$3.5 million
What's in police, fire, courts and jailsPolice
  • Police$3.5 million
Parks, recreation and libraries
29%$2.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.2 million
Running the government and other costs
13%$990 thousand
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)$983 thousand
  • Other and not broken out$7 thousand
Roads, transit and parking
7.8%$597 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$597 thousand
Interest on debt
4.1%$313 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cold Spring. 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 Cold Spring 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.