City government · Laurel County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), London took in $37.4 million and spent $26.4 million.

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

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Where it comes from

Fees for services (water, sewer)67%City taxes27%State tax money3.9%County and local tax money0.9%Federal tax money0.6%Fines and other0.6%

What stands out

12%

of London's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes27%

Individual income tax
12%$4.4 million
Other taxes
12%$4.4 million
What's in other taxesInsurance premium taxes; public utility taxes and 4 more
  • Insurance premium taxes$2.2 million
  • Public utility taxes$1.2 million
  • Alcoholic beverage licenses$790 thousand
  • Occupation and business licenses$153 thousand
  • Other selective sales taxes$72 thousand
  • Other licenses$67 thousand

Amounts are by Census tax category.

Property tax
2.8%$1.0 million

Fees for services67%

Fees for services
67%$25.3 million
What's in fees for servicesWater; sewer and 4 more
  • Water$13.4 million
  • Sewer$5.6 million
  • Garbage collection$4.4 million
  • Airport$1.5 million
  • Other service charges$337 thousand
  • Parking$3 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$236 thousand

State tax money3.9%

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

From the state
3.9%$1.5 million

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$323 thousand

Fines and other0.6%

Fines
0.5%$194 thousand
Interest, rents and other
<0.1%$34 thousand

Where it goes

Water, sewer, trash and utilities56%Police, fire, courts and jails20%Running the government and other costs12%Roads, transit and parking10%Sent to other local governments1.5%Interest on debt0.4%

What stands out

56%

of London's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
56%$14.9 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$7.6 million
  • Sewer systems$4.4 million
  • Garbage and solid waste$2.9 million
Police, fire, courts and jails
20%$5.2 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$3.7 million
  • Fire protection$1.5 million
Running the government and other costs
12%$3.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$3.1 million
  • Other and not broken out$38 thousand
Roads, transit and parking
10%$2.7 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.7 million
  • Airports$989 thousand
Sent to other local governments
1.5%$389 thousand
What's in sent to other local governmentsSent to the state government and sent to local governments: other and not broken out
  • Sent to the state government$374 thousand
  • Sent to local governments: other and not broken out$15 thousand
Interest on debt
0.4%$107 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$71 thousand
  • Interest on general debt$36 thousand
Sources and moreWhere these numbers come from and what they cover

City of London. 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 London 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.