City government · Scott County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Georgetown took in $91.8 million and spent $65.1 million.

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

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Where it comes from

City taxes39%Fees for services (sewer, water)27%Fines and other20%State tax money5.4%County and local tax money5.1%Federal tax money3.2%

What stands out

21%

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

City taxes39%

Individual income tax
21%$19.3 million
Other taxes
11%$9.9 million
What's in other taxesInsurance premium taxes; public utility taxes and 3 more
  • Insurance premium taxes$7.3 million
  • Public utility taxes$1.7 million
  • Other licenses$864 thousand
  • Alcoholic beverage licenses$68 thousand
  • Occupation and business licenses$4 thousand

Amounts are by Census tax category.

Property tax
3.8%$3.5 million
Business income tax
3.8%$3.5 million

Fees for services27%

Fees for services
27%$24.7 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$9.9 million
  • Water$9.5 million
  • Other service charges$2.8 million
  • Garbage collection$2.5 million

Amounts are by Census type of charge.

Federal tax money3.2%

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

From the federal government
3.2%$2.9 million

State tax money5.4%

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

From the state
5.4%$5.0 million

County and local tax money5.1%

Money passed on by the county or other local governments.

From the county and other local governments
5.1%$4.7 million

Fines and other20%

Interest, rents and other
20%$18.1 million
Fines
0.3%$265 thousand

Where it goes

Water, sewer, trash and utilities34%Police, fire, courts and jails21%Running the government and other costs15%Roads, transit and parking13%Sent to other local governments8.7%All other spending8.2%

What stands out

8.7%

of Georgetown's spending goes to local governments.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
34%$22.0 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$13.3 million
  • Water supply$6.0 million
  • Garbage and solid waste$2.7 million
Police, fire, courts and jails
21%$13.8 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$7.6 million
  • Fire protection$6.0 million
  • Inspections and regulation$222 thousand
Running the government and other costs
15%$9.6 million
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)$6.0 million
  • Other and not broken out$3.5 million
  • Finance, tax collection and budgeting$109 thousand
Roads, transit and parking
13%$8.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$8.8 million
Sent to other local governments
8.7%$5.7 million
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$5.7 million
Interest on debt
3.1%$2.0 million
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$1.6 million
  • Interest on general debt$427 thousand
Parks, recreation and libraries
2.7%$1.8 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.8 million
Housing and community development
1.3%$860 thousand
Social services
0.6%$422 thousand
What's in social servicesOther public welfare
  • Other public welfare$422 thousand
Environment and natural resources
0.3%$203 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$203 thousand
Health and hospitals
<0.1%$57 thousand
What's in health and hospitalsPublic health
  • Public health$57 thousand
Sources and moreWhere these numbers come from and what they cover

City of Georgetown. 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 Georgetown 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.