County government · Magoffin County, KY

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

In the latest recorded fiscal year (ended June 30, 2022), Magoffin County took in $9.1 million and spent $7.4 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

See every government that serves your ZIP

Where it comes from

State tax money42%County taxes24%Federal tax money20%Fees for services (hospital bills)6.4%Fines and other4.6%Local tax money2.7%

What stands out

17%

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

County taxes24%

Individual income tax
17%$1.5 million
Property tax
4.7%$432 thousand
Other taxes
2.6%$234 thousand
What's in other taxesPublic utility taxes; corporation licenses and 3 more
  • Public utility taxes$183 thousand
  • Corporation licenses$25 thousand
  • Other selective sales taxes$9 thousand
  • Real estate and stock transfer taxes$9 thousand
  • Other licenses$8 thousand

Amounts are by Census tax category.

Fees for services6.4%

Fees for services
6.4%$586 thousand
What's in fees for servicesOther service charges and hospital bills
  • Other service charges$321 thousand
  • Hospital bills$265 thousand

Amounts are by Census type of charge.

Federal tax money20%

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

From the federal government
20%$1.8 million

State tax money42%

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

From the state
42%$3.9 million

Local tax money2.7%

Money passed on by the county or other local governments.

From other local governments
2.7%$248 thousand

Fines and other4.6%

Interest, rents and other
4.6%$424 thousand

Where it goes

Running the government and other costs37%Roads, transit and parking21%Health and hospitals17%Police, fire, courts and jails11%Interest on debt4.5%All other spending9.2%

What stands out

17%

of Magoffin County's spending goes to health services and hospitals.A typical U.S. county of under 50,000 people spends 4.8%.

Spending by category100%

Running the government and other costs
37%$2.7 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$1.9 million
  • Central staff services (personnel, purchasing, technology)$575 thousand
  • Government buildings$155 thousand
  • Finance, tax collection and budgeting$91 thousand
Roads, transit and parking
21%$1.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.6 million
Health and hospitals
17%$1.3 million
What's in health and hospitalsPublic health
  • Public health$1.3 million
Police, fire, courts and jails
11%$783 thousand
What's in police, fire, courts and jailsPolice; prisons and jails and 2 more
  • Police$335 thousand
  • Prisons and jails$221 thousand
  • Courts and legal services$200 thousand
  • Fire protection$27 thousand
Interest on debt
4.5%$336 thousand
Sent to other local governments
3.5%$258 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$253 thousand
  • Sent to the state government$5 thousand
Parks, recreation and libraries
2.7%$199 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$199 thousand
Water, sewer, trash and utilities
1.5%$115 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and water supply
  • Garbage and solid waste$110 thousand
  • Water supply$5 thousand
Social services
1.1%$81 thousand
What's in social servicesOther public welfare
  • Other public welfare$81 thousand
Environment and natural resources
0.5%$34 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$34 thousand
Sources and moreWhere these numbers come from and what they cover

Magoffin County. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Magoffin 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.