City government · Graves County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Mayfield took in $18.9 million and spent $15.7 million.

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

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Where it comes from

City taxes52%Federal tax money30%Fees for services12%State tax money3.6%Fines and other2.5%County and local tax money0.1%

What stands out

30%

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

City taxes52%

Individual income tax
23%$4.4 million
Other taxes
15%$2.8 million
What's in other taxesInsurance premium taxes; alcoholic beverage licenses and 4 more
  • Insurance premium taxes$2.1 million
  • Alcoholic beverage licenses$433 thousand
  • Public utility taxes$206 thousand
  • Other taxes not classified elsewhere$57 thousand
  • Other selective sales taxes$48 thousand
  • Other licenses$17 thousand

Amounts are by Census tax category.

Property tax
9.5%$1.8 million
Business income tax
3.9%$730 thousand

Fees for services12%

Fees for services
12%$2.2 million
What's in fees for servicesOther service charges
  • Other service charges$2.2 million

Amounts are by Census type of charge.

Federal tax money30%

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

From the federal government
30%$5.7 million

State tax money3.6%

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

From the state
3.6%$676 thousand

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$23 thousand

Fines and other2.5%

Interest, rents and other
2.5%$466 thousand
Fines
<0.1%$15 thousand

Where it goes

Running the government and other costs56%Police, fire, courts and jails31%Roads, transit and parking6.4%Housing and community development5.0%Parks, recreation and libraries1.1%Social services0.5%

What stands out

56%

of Mayfield's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
56%$8.7 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)$8.7 million
  • Other and not broken out$75 thousand
Police, fire, courts and jails
31%$4.9 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$2.9 million
  • Police$1.8 million
  • Inspections and regulation$166 thousand
Roads, transit and parking
6.4%$1.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.0 million
Housing and community development
5.0%$777 thousand
Parks, recreation and libraries
1.1%$169 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$169 thousand
Social services
0.5%$84 thousand
What's in social servicesOther public welfare
  • Other public welfare$84 thousand
Sources and moreWhere these numbers come from and what they cover

City of Mayfield. 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 Mayfield 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.