City government · Whitley County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Corbin took in $49.1 million and spent $42.2 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, water)62%City taxes27%State tax money7.5%Fines and other3.1%Federal tax money1.1%County and local tax money0.1%

What stands out

17%

of Corbin'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
17%$8.4 million
What's in other taxesOther selective sales taxes; insurance premium taxes and 4 more
  • Other selective sales taxes$3.2 million
  • Insurance premium taxes$2.2 million
  • Other taxes not classified elsewhere$1.9 million
  • Alcoholic beverage licenses$648 thousand
  • Other licenses$330 thousand
  • Public utility taxes$102 thousand

Amounts are by Census tax category.

Individual income tax
6.3%$3.1 million
Property tax
3.2%$1.6 million

Fees for services62%

Fees for services
62%$30.2 million
What's in fees for servicesElectric power; water and 4 more
  • Electric power$13.7 million
  • Water$6.4 million
  • Sewer$4.5 million
  • Other service charges$3.8 million
  • Garbage collection$1.7 million
  • Parks and recreation$126 thousand

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government
1.1%$534 thousand

State tax money7.5%

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

From the state
7.5%$3.7 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$54 thousand

Fines and other3.1%

Interest, rents and other
2.7%$1.3 million
Fines
0.4%$181 thousand

Where it goes

Water, sewer, trash and utilities55%Parks, recreation and libraries13%Housing and community development12%Police, fire, courts and jails8.8%Roads, transit and parking5.9%All other spending5.9%

What stands out

12%

of Corbin's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
55%$23.3 million
What's in water, sewer, trash and utilitiesWater supply; electric power and 2 more
  • Water supply$15.4 million
  • Electric power$6.2 million
  • Sewer systems$1.2 million
  • Garbage and solid waste$430 thousand
Parks, recreation and libraries
13%$5.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5.4 million
Housing and community development
12%$4.9 million
Police, fire, courts and jails
8.8%$3.7 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$2.1 million
  • Fire protection$1.6 million
Roads, transit and parking
5.9%$2.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.5 million
Running the government and other costs
4.1%$1.7 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$1.7 million
Interest on debt
0.7%$311 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$255 thousand
  • Interest on water supply debt$56 thousand
Social services
0.7%$304 thousand
What's in social servicesOther public welfare
  • Other public welfare$304 thousand
Health and hospitals
0.4%$154 thousand
What's in health and hospitalsPublic health
  • Public health$154 thousand
Sources and moreWhere these numbers come from and what they cover

City of Corbin. 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 Corbin 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.