City government · Woodford County, KY

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

In the latest recorded fiscal year (ended June 30, 2022), Midway took in $3.6 million and spent $3.1 million.

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

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Where it comes from

City taxes42%Fees for services (water, sewer)29%Federal tax money14%State tax money13%Fines and other0.9%County and local tax money0.8%

What stands out

28%

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

City taxes42%

Individual income tax
28%$1.0 million
Other taxes
9.8%$358 thousand
What's in other taxesInsurance premium taxes; public utility taxes and 2 more
  • Insurance premium taxes$258 thousand
  • Public utility taxes$77 thousand
  • Occupation and business licenses$17 thousand
  • Alcoholic beverage licenses$6 thousand

Amounts are by Census tax category.

Property tax
2.9%$104 thousand
Business income tax
1.2%$44 thousand

Fees for services29%

Fees for services
29%$1.1 million
What's in fees for servicesWater; sewer and 2 more
  • Water$462 thousand
  • Sewer$233 thousand
  • Other service charges$191 thousand
  • Garbage collection$184 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$521 thousand

State tax money13%

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

From the state
13%$476 thousand

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$30 thousand

Fines and other0.9%

Interest, rents and other
0.9%$31 thousand

Where it goes

Running the government and other costs38%Water, sewer, trash and utilities37%Roads, transit and parking9.6%Police, fire, courts and jails7.2%Sent to other local governments6.2%Parks, recreation and libraries1.8%

What stands out

6.2%

of Midway's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
38%$1.2 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$559 thousand
  • Central staff services (personnel, purchasing, technology)$446 thousand
  • Other government-run businesses$176 thousand
Water, sewer, trash and utilities
37%$1.1 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$510 thousand
  • Water supply$478 thousand
  • Garbage and solid waste$144 thousand
Roads, transit and parking
9.6%$296 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$296 thousand
Police, fire, courts and jails
7.2%$222 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$222 thousand
Sent to other local governments
6.2%$190 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$190 thousand
Parks, recreation and libraries
1.8%$54 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$54 thousand
Sources and moreWhere these numbers come from and what they cover

City of Midway. 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 Midway 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.