City government · Rowan County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Morehead took in $37.0 million and spent $28.0 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

Fees for services (sewer, water)45%City taxes39%Federal tax money10%State tax money3.0%Fines and other1.9%County and local tax money1.2%

What stands out

15%

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

City taxes39%

Other taxes

18%$6.5 million

What's in other taxesOther selective sales taxes; other taxes not classified elsewhere and 4 more

Other selective sales taxes$2.3 million
Other taxes not classified elsewhere$2.3 million
Insurance premium taxes$1.0 million
Alcoholic beverage licenses$388 thousand
Public utility taxes$357 thousand
Other licenses$85 thousand

Amounts are by Census tax category.

Individual income tax

15%$5.6 million

Property tax

5.8%$2.1 million

Fees for services45%

Fees for services

45%$16.7 million

What's in fees for servicesSewer; water and 4 more

Sewer$6.2 million
Water$5.5 million
Gas$3.0 million
Other service charges$1.7 million
Garbage collection$231 thousand
Parks and recreation$87 thousand

Amounts are by Census type of charge.

Federal tax money10%

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

From the federal government

10%$3.7 million

State tax money3.0%

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

From the state

3.0%$1.1 million

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments

1.2%$433 thousand

Fines and other1.9%

Interest, rents and other

1.6%$579 thousand

Fines

0.3%$106 thousand

Where it goes

Water, sewer, trash and utilities44%Running the government and other costs15%Parks, recreation and libraries13%Police, fire, courts and jails11%Housing and community development7.9%All other spending9.5%

What stands out

7.9%

of Morehead'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

44%$12.3 million

What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more

Sewer systems$5.5 million
Water supply$3.8 million
Gas supply$2.9 million

Running the government and other costs

15%$4.2 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)$2.2 million
Other and not broken out$2.0 million

Parks, recreation and libraries

13%$3.6 million

What's in parks, recreation and librariesParks and recreation

Parks and recreation$3.6 million

Police, fire, courts and jails

11%$3.0 million

What's in police, fire, courts and jailsPolice and fire protection

Police$2.3 million
Fire protection$694 thousand

Housing and community development

7.9%$2.2 million

Roads, transit and parking

5.8%$1.6 million

What's in roads, transit and parkingRoads and highways

Roads and highways$1.6 million

Interest on debt

3.7%$1.0 million

What's in interest on debtInterest on general debt and interest on water supply debt

Interest on general debt$528 thousand
Interest on water supply debt$497 thousand

Sources and moreWhere these numbers come from and what they cover

City of Morehead. 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 Morehead 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.