County government · Floyd County, KY

Floyd County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Floyd County took in $34.6 million and spent $30.1 million.

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

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Where it comes from

State tax money35%Federal tax money34%County taxes14%Fees for services (garbage collection, hospital bills)9.7%Fines and other7.0%Local tax money0.3%

What stands out

34%

of Floyd County's money comes from federal tax money.A typical U.S. county of under 50,000 people gets 3%.

County taxes14%

Property tax
7.2%$2.5 million
Other taxes
6.6%$2.3 million
What's in other taxesInsurance premium taxes; other selective sales taxes and 4 more
  • Insurance premium taxes$1.8 million
  • Other selective sales taxes$154 thousand
  • Public utility taxes$138 thousand
  • Corporation licenses$128 thousand
  • Real estate and stock transfer taxes$54 thousand
  • Alcoholic beverage licenses$6 thousand

Amounts are by Census tax category.

Fees for services9.7%

Fees for services
9.7%$3.4 million
What's in fees for servicesGarbage collection; hospital bills and 2 more
  • Garbage collection$2.3 million
  • Hospital bills$747 thousand
  • Other service charges$186 thousand
  • Parks and recreation$157 thousand

Amounts are by Census type of charge.

Federal tax money34%

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

From the federal government
34%$11.8 million

State tax money35%

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

From the state
35%$12.1 million

Local tax money0.3%

Money passed on by the county or other local governments.

From other local governments
0.3%$105 thousand

Fines and other7.0%

Interest, rents and other
7.0%$2.4 million

Where it goes

Running the government and other costs24%Roads, transit and parking17%Police, fire, courts and jails13%Social services12%Health and hospitals12%All other spending21%

What stands out

12%

of Floyd County's spending goes to social services.Most U.S. counties of under 50,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
24%$7.3 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$6.0 million
  • Central staff services (personnel, purchasing, technology)$713 thousand
  • Government buildings$415 thousand
  • Finance, tax collection and budgeting$207 thousand
Roads, transit and parking
17%$5.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$5.2 million
Police, fire, courts and jails
13%$3.9 million
What's in police, fire, courts and jailsPrisons and jails; police and 2 more
  • Prisons and jails$2.5 million
  • Police$714 thousand
  • Courts and legal services$625 thousand
  • Fire protection$138 thousand
Social services
12%$3.7 million
What's in social servicesOther public welfare
  • Other public welfare$3.7 million
Health and hospitals
12%$3.6 million
What's in health and hospitalsPublic health
  • Public health$3.6 million
Water, sewer, trash and utilities
8.5%$2.5 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$2.5 million
Environment and natural resources
6.6%$2.0 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$2.0 million
Parks, recreation and libraries
4.7%$1.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.4 million
Interest on debt
0.4%$130 thousand
Sent to other local governments
0.4%$119 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$119 thousand
Sources and moreWhere these numbers come from and what they cover

Floyd County. 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 Floyd County 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.