City government · Floyd County, KY

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

In the latest recorded fiscal year (ended June 30, 2022), Martin took in $2.1 million and spent $1.6 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (housing, water)39%City taxes37%Federal tax money22%County and local tax money0.9%State tax money0.8%

What stands out

22%

of Martin's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes37%

Property tax
27%$563 thousand
Other taxes
11%$226 thousand
What's in other taxesInsurance premium taxes and alcoholic beverage licenses
  • Insurance premium taxes$161 thousand
  • Alcoholic beverage licenses$65 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$835 thousand
What's in fees for servicesHousing; water and 2 more
  • Housing$339 thousand
  • Water$260 thousand
  • Sewer$206 thousand
  • Garbage collection$30 thousand

Amounts are by Census type of charge.

Federal tax money22%

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

From the federal government
22%$456 thousand

State tax money0.8%

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

From the state
0.8%$18 thousand

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%$20 thousand

Where it goes

Water, sewer, trash and utilities33%Running the government and other costs23%Police, fire, courts and jails23%Housing and community development19%Sent to other local governments1.2%Interest on debt0.7%

What stands out

19%

of Martin's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
33%$537 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 2 more
  • Water supply$258 thousand
  • Sewer systems$220 thousand
  • Electric power$42 thousand
  • Garbage and solid waste$17 thousand
Running the government and other costs
23%$372 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$372 thousand
Police, fire, courts and jails
23%$368 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$333 thousand
  • Fire protection$35 thousand
Housing and community development
19%$314 thousand
Sent to other local governments
1.2%$19 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$19 thousand
Interest on debt
0.7%$12 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$6 thousand
  • Interest on water supply debt$6 thousand
Sources and moreWhere these numbers come from and what they cover

City of Martin. 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 City of Martin 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.