City government · Fulton County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Fulton took in $6.8 million and spent $4.3 million.

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

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Where it comes from

Fees for services (water, gas)45%City taxes27%Federal tax money22%County and local tax money3.6%Fines and other1.6%State tax money1.3%

What stands out

22%

of Fulton's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes27%

Individual income tax
16%$1.1 million
Property tax
6.1%$413 thousand
Other taxes
4.4%$301 thousand
What's in other taxesOther selective sales taxes; insurance premium taxes and 3 more
  • Other selective sales taxes$129 thousand
  • Insurance premium taxes$108 thousand
  • Motor vehicle licenses$32 thousand
  • Occupation and business licenses$26 thousand
  • Alcoholic beverage licenses$6 thousand

Amounts are by Census tax category.

Fees for services45%

Fees for services
45%$3.0 million
What's in fees for servicesWater; gas and 4 more
  • Water$884 thousand
  • Gas$873 thousand
  • Sewer$826 thousand
  • Housing$427 thousand
  • Other government-run businesses$19 thousand
  • Garbage collection$3 thousand

Amounts are by Census type of charge.

Federal tax money22%

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

From the federal government
22%$1.5 million

State tax money1.3%

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

From the state
1.3%$90 thousand

County and local tax money3.6%

Money passed on by the county or other local governments.

From the county and other local governments
3.6%$242 thousand

Fines and other1.6%

Interest, rents and other
1.4%$98 thousand
Fines
0.2%$12 thousand

Where it goes

Police, fire, courts and jails40%Housing and community development27%Water, sewer, trash and utilities19%Running the government and other costs13%Roads, transit and parking4.0%

What stands out

27%

of Fulton's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
40%$1.7 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.3 million
  • Fire protection$314 thousand
  • Inspections and regulation$130 thousand
Housing and community development
27%$1.2 million
Water, sewer, trash and utilities
19%$806 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$415 thousand
  • Sewer systems$199 thousand
  • Gas supply$192 thousand
Running the government and other costs
13%$577 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$469 thousand
  • Other and not broken out$102 thousand
  • Finance, tax collection and budgeting$6 thousand
Roads, transit and parking
4.0%$172 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$172 thousand
Sent to other local governments
0.6%$25 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$25 thousand
Parks, recreation and libraries
0.4%$19 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$19 thousand
Interest on debt
-4.9%-$208 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt-$48 thousand
  • Interest on water supply debt-$160 thousand
Sources and moreWhere these numbers come from and what they cover

City of Fulton. 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 Fulton 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.