City government · Campbell County, KY

Fort Thomas's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Fort Thomas took in $20.6 million and spent $21.0 million.

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

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Where it comes from

City taxes80%Fees for services (garbage collection, parks and recreation)14%State tax money3.9%Fines and other1.8%Federal tax money0.1%

What stands out

22%

of Fort Thomas' money comes from a personal income tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes80%

Property tax
35%$7.2 million
Individual income tax
22%$4.4 million
Other taxes
19%$4.0 million
What's in other taxesInsurance premium taxes; public utility taxes and 2 more
  • Insurance premium taxes$3.6 million
  • Public utility taxes$240 thousand
  • Other licenses$80 thousand
  • Alcoholic beverage licenses$17 thousand

Amounts are by Census tax category.

Business income tax
4.2%$873 thousand

Fees for services14%

Fees for services
14%$2.9 million
What's in fees for servicesOther service charges; garbage collection and 1 more
  • Other service charges$1.5 million
  • Garbage collection$1.2 million
  • Parks and recreation$161 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$21 thousand

State tax money3.9%

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

From the state
3.9%$813 thousand

Fines and other1.8%

Interest, rents and other
1.6%$338 thousand
Fines
0.2%$41 thousand

Where it goes

Police, fire, courts and jails28%Parks, recreation and libraries26%Roads, transit and parking19%Running the government and other costs18%Water, sewer, trash and utilities6.8%Interest on debt1.4%

What stands out

26%

of Fort Thomas' spending goes to parks, recreation and libraries.A typical U.S. city of 10,000 to 50,000 people spends 5.6%.

Spending by category100%

Police, fire, courts and jails
28%$6.0 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$3.5 million
  • Fire protection$2.5 million
Parks, recreation and libraries
26%$5.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5.4 million
Roads, transit and parking
19%$4.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.1 million
Running the government and other costs
18%$3.9 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)$3.4 million
  • Other and not broken out$423 thousand
Water, sewer, trash and utilities
6.8%$1.4 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$1.4 million
Interest on debt
1.4%$301 thousand
Sources and moreWhere these numbers come from and what they cover

City of Fort Thomas. 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 Fort Thomas 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.