County government · Franklin County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Franklin County took in $45.2 million and spent $43.6 million.

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

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Where it comes from

County taxes47%State tax money23%Fines and other13%Fees for services (hospital bills, garbage collection)7.5%Local tax money5.3%Federal tax money4.7%

What stands out

17%

of Franklin County's money comes from a personal income tax.Most U.S. counties of 50,000 to 250,000 people get none.

County taxes47%

Property tax
18%$8.1 million
Individual income tax
17%$7.7 million
Other taxes
12%$5.5 million
What's in other taxesInsurance premium taxes; other selective sales taxes and 6 more
  • Insurance premium taxes$2.9 million
  • Other selective sales taxes$692 thousand
  • Other taxes not classified elsewhere$577 thousand
  • Other licenses$497 thousand
  • Public utility taxes$311 thousand
  • Real estate and stock transfer taxes$281 thousand
  • Corporation licenses$226 thousand
  • Alcoholic beverage licenses$7 thousand

Amounts are by Census tax category.

Fees for services7.5%

Fees for services
7.5%$3.4 million
What's in fees for servicesHospital bills; other service charges and 2 more
  • Hospital bills$1.9 million
  • Other service charges$707 thousand
  • Garbage collection$479 thousand
  • Parks and recreation$350 thousand

Amounts are by Census type of charge.

Federal tax money4.7%

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

From the federal government
4.7%$2.1 million

State tax money23%

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

From the state
23%$10.2 million

Local tax money5.3%

Money passed on by the county or other local governments.

From other local governments
5.3%$2.4 million

Fines and other13%

Interest, rents and other
13%$5.9 million

Where it goes

Running the government and other costs36%Police, fire, courts and jails28%Health and hospitals19%Water, sewer, trash and utilities4.9%Roads, transit and parking4.8%All other spending7.3%

What stands out

19%

of Franklin County's spending goes to health services and hospitals.A typical U.S. county of 50,000 to 250,000 people spends 5.7%.

Spending by category100%

Running the government and other costs
36%$15.7 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$8.1 million
  • Government buildings$3.5 million
  • Central staff services (personnel, purchasing, technology)$2.4 million
  • Finance, tax collection and budgeting$1.7 million
Police, fire, courts and jails
28%$12.4 million
What's in police, fire, courts and jailsFire protection; prisons and jails and 2 more
  • Fire protection$4.2 million
  • Prisons and jails$4.1 million
  • Police$3.3 million
  • Courts and legal services$881 thousand
Health and hospitals
19%$8.1 million
What's in health and hospitalsPublic health
  • Public health$8.1 million
Water, sewer, trash and utilities
4.9%$2.1 million
What's in water, sewer, trash and utilitiesGarbage and solid waste and water supply
  • Garbage and solid waste$2.0 million
  • Water supply$134 thousand
Roads, transit and parking
4.8%$2.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.1 million
Parks, recreation and libraries
4.3%$1.9 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.9 million
Social services
1.5%$640 thousand
What's in social servicesOther public welfare
  • Other public welfare$640 thousand
Sent to other local governments
1.5%$635 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$635 thousand
Housing and community development
<0.1%$9 thousand
Sources and moreWhere these numbers come from and what they cover

Franklin 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 Franklin 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.