City government · Rockcastle County, KY

Mount Vernon's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Mount Vernon took in $3.9 million and spent $5.1 million.

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

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Where it comes from

Fees for services (water, sewer)63%City taxes33%State tax money2.5%County and local tax money1.7%Fines and other0.1%

What stands out

24%

of Mount Vernon's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

City taxes33%

Other taxes
24%$936 thousand
What's in other taxesOther licenses and alcoholic beverage licenses
  • Other licenses$711 thousand
  • Alcoholic beverage licenses$225 thousand

Amounts are by Census tax category.

Property tax
8.8%$344 thousand

Fees for services63%

Fees for services
63%$2.5 million
What's in fees for servicesWater; sewer and 1 more
  • Water$1.9 million
  • Sewer$548 thousand
  • Ports and waterways$13 thousand

Amounts are by Census type of charge.

State tax money2.5%

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

From the state
2.5%$100 thousand

County and local tax money1.7%

Money passed on by the county or other local governments.

From the county and other local governments
1.7%$65 thousand

Fines and other0.1%

Interest, rents and other
0.1%$4 thousand

Where it goes

Water, sewer, trash and utilities45%Running the government and other costs29%Police, fire, courts and jails26%

What stands out

26%

of Mount Vernon's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
45%$2.3 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$1.8 million
  • Sewer systems$529 thousand
Running the government and other costs
29%$1.5 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$1.5 million
Police, fire, courts and jails
26%$1.3 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$992 thousand
  • Fire protection$332 thousand
Parks, recreation and libraries
<0.1%$2 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Mount Vernon. 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 Mount Vernon 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.