County government · Hancock County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Hancock County took in $12.1 million and spent $11.7 million.

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

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Where it comes from

County taxes47%Fines and other16%Federal tax money16%State tax money15%Fees for services (garbage collection, parks and recreation)5.5%Local tax money0.2%

What stands out

42%

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

County taxes47%

Individual income tax
42%$5.1 million
Property tax
3.1%$379 thousand
Other taxes
2.1%$250 thousand
What's in other taxesPublic utility taxes; real estate and stock transfer taxes and 3 more
  • Public utility taxes$150 thousand
  • Real estate and stock transfer taxes$38 thousand
  • Corporation licenses$36 thousand
  • Severance taxes$23 thousand
  • Alcoholic beverage licenses$3 thousand

Amounts are by Census tax category.

Fees for services5.5%

Fees for services
5.5%$664 thousand
What's in fees for servicesOther service charges; garbage collection and 1 more
  • Other service charges$511 thousand
  • Garbage collection$121 thousand
  • Parks and recreation$32 thousand

Amounts are by Census type of charge.

Federal tax money16%

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

From the federal government
16%$1.9 million

State tax money15%

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

From the state
15%$1.8 million

Local tax money0.2%

Money passed on by the county or other local governments.

From other local governments
0.2%$27 thousand

Fines and other16%

Interest, rents and other
16%$2.0 million

Where it goes

Running the government and other costs46%Roads, transit and parking15%Health and hospitals11%Police, fire, courts and jails9.5%Social services8.5%All other spending10%

What stands out

8.5%

of Hancock 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
46%$5.3 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$4.4 million
  • Central staff services (personnel, purchasing, technology)$404 thousand
  • Government buildings$254 thousand
  • Finance, tax collection and budgeting$232 thousand
Roads, transit and parking
15%$1.8 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.8 million
  • Airports$12 thousand
Health and hospitals
11%$1.3 million
What's in health and hospitalsPublic health
  • Public health$1.3 million
Police, fire, courts and jails
9.5%$1.1 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$688 thousand
  • Courts and legal services$272 thousand
  • Fire protection$77 thousand
  • Prisons and jails$74 thousand
Social services
8.5%$986 thousand
What's in social servicesOther public welfare
  • Other public welfare$986 thousand
Parks, recreation and libraries
5.9%$691 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$684 thousand
  • Libraries$7 thousand
Sent to other local governments
2.4%$284 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$284 thousand
Environment and natural resources
1.5%$179 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$179 thousand
Water, sewer, trash and utilities
0.3%$34 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$34 thousand
Interest on debt
<0.1%$11 thousand
Sources and moreWhere these numbers come from and what they cover

Hancock 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 Hancock 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.