County government · Laurel County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Laurel County took in $48.6 million and spent $41.4 million.

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

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Where it comes from

County taxes43%Federal tax money29%State tax money16%Fines and other10%Local tax money2.1%Fees for services (hospital bills)1.2%

What stands out

31%

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

County taxes43%

Individual income tax
31%$15.2 million
Other taxes
6.1%$3.0 million
What's in other taxesPublic utility taxes; other selective sales taxes and 2 more
  • Public utility taxes$1.7 million
  • Other selective sales taxes$721 thousand
  • Real estate and stock transfer taxes$270 thousand
  • Corporation licenses$237 thousand

Amounts are by Census tax category.

Property tax
5.2%$2.5 million

Fees for services1.2%

Fees for services
1.2%$584 thousand
What's in fees for servicesOther service charges and hospital bills
  • Other service charges$371 thousand
  • Hospital bills$213 thousand

Amounts are by Census type of charge.

Federal tax money29%

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

From the federal government
29%$13.9 million

State tax money16%

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

From the state
16%$7.6 million

Local tax money2.1%

Money passed on by the county or other local governments.

From other local governments
2.1%$998 thousand

Fines and other10%

Interest, rents and other
10%$4.9 million

Where it goes

Police, fire, courts and jails36%Running the government and other costs33%Roads, transit and parking16%Health and hospitals8.5%Interest on debt2.8%All other spending3.6%

What stands out

33%

of Laurel County's spending goes to running the government and other costs.A typical U.S. county of 50,000 to 250,000 people spends 19%.

Spending by category100%

Police, fire, courts and jails
36%$15.0 million
What's in police, fire, courts and jailsPrisons and jails; fire protection and 2 more
  • Prisons and jails$9.8 million
  • Fire protection$2.6 million
  • Police$1.7 million
  • Courts and legal services$894 thousand
Running the government and other costs
33%$13.5 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$11.4 million
  • Central staff services (personnel, purchasing, technology)$987 thousand
  • Finance, tax collection and budgeting$722 thousand
  • Government buildings$328 thousand
Roads, transit and parking
16%$6.8 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$6.7 million
  • Public transit$46 thousand
Health and hospitals
8.5%$3.5 million
What's in health and hospitalsPublic health
  • Public health$3.5 million
Interest on debt
2.8%$1.2 million
Parks, recreation and libraries
2.1%$869 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$869 thousand
Water, sewer, trash and utilities
1.2%$477 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and water supply
  • Garbage and solid waste$301 thousand
  • Water supply$176 thousand
Environment and natural resources
0.2%$103 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$103 thousand
Sent to other local governments
0.1%$48 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$48 thousand
Social services
<0.1%$13 thousand
What's in social servicesOther public welfare
  • Other public welfare$13 thousand
Sources and moreWhere these numbers come from and what they cover

Laurel 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 Laurel 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.