City government · Kenton County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Edgewood took in $14.4 million and spent $13.0 million.

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

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Where it comes from

City taxes67%Fees for services (garbage collection, parks and recreation)19%State tax money10%Fines and other2.5%County and local tax money1.4%

What stands out

46%

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

City taxes67%

Individual income tax
46%$6.6 million
Property tax
15%$2.2 million
Business income tax
3.3%$470 thousand
Other taxes
3.1%$445 thousand
What's in other taxesPublic utility taxes; occupation and business licenses and 2 more
  • Public utility taxes$350 thousand
  • Occupation and business licenses$74 thousand
  • Other licenses$15 thousand
  • Alcoholic beverage licenses$6 thousand

Amounts are by Census tax category.

Fees for services19%

Fees for services
19%$2.7 million
What's in fees for servicesOther service charges; garbage collection and 2 more
  • Other service charges$1.5 million
  • Garbage collection$1.1 million
  • Other government-run businesses$77 thousand
  • Parks and recreation$43 thousand

Amounts are by Census type of charge.

State tax money10%

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

From the state
10%$1.5 million

County and local tax money1.4%

Money passed on by the county or other local governments.

From the county and other local governments
1.4%$197 thousand

Fines and other2.5%

Interest, rents and other
2.1%$296 thousand
Fines
0.4%$59 thousand

Where it goes

Roads, transit and parking34%Police, fire, courts and jails31%Running the government and other costs29%Parks, recreation and libraries6.0%Interest on debt0.5%

What stands out

34%

of Edgewood's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
34%$4.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.4 million
Police, fire, courts and jails
31%$4.1 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$2.3 million
  • Police$1.8 million
Running the government and other costs
29%$3.7 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)$2.9 million
  • Other and not broken out$792 thousand
Parks, recreation and libraries
6.0%$778 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$778 thousand
Interest on debt
0.5%$66 thousand
Sources and moreWhere these numbers come from and what they cover

City of Edgewood. 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 Edgewood 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.