City government · Todd County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Elkton took in $4.1 million and spent $3.1 million.

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

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Where it comes from

City taxes42%Fees for services (sewer, water)41%State tax money8.7%Fines and other4.5%Federal tax money2.5%County and local tax money1.1%

What stands out

22%

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

City taxes42%

Individual income tax
22%$914 thousand
Other taxes
8.8%$361 thousand
What's in other taxesInsurance premium taxes; other licenses and 1 more
  • Insurance premium taxes$346 thousand
  • Other licenses$11 thousand
  • Alcoholic beverage licenses$4 thousand

Amounts are by Census tax category.

Property tax
8.2%$337 thousand
Business income tax
3.0%$123 thousand

Fees for services41%

Fees for services
41%$1.7 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$826 thousand
  • Water$696 thousand
  • Garbage collection$110 thousand
  • Other service charges$28 thousand
  • Other government-run businesses$4 thousand

Amounts are by Census type of charge.

Federal tax money2.5%

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

From the federal government
2.5%$104 thousand

State tax money8.7%

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

From the state
8.7%$357 thousand

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$44 thousand

Fines and other4.5%

Interest, rents and other
4.5%$182 thousand

Where it goes

Water, sewer, trash and utilities34%Police, fire, courts and jails29%Running the government and other costs17%Parks, recreation and libraries10%Roads, transit and parking9.5%Interest on debt0.9%

What stands out

29%

of Elkton's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
34%$1.0 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$692 thousand
  • Water supply$349 thousand
Police, fire, courts and jails
29%$892 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$801 thousand
  • Fire protection$91 thousand
Running the government and other costs
17%$508 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)$470 thousand
  • Other and not broken out$38 thousand
Parks, recreation and libraries
10%$308 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$308 thousand
Roads, transit and parking
9.5%$293 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$293 thousand
Interest on debt
0.9%$28 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$24 thousand
  • Interest on water supply debt$4 thousand
Sources and moreWhere these numbers come from and what they cover

City of Elkton. 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 Elkton 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.