City government · Henry County, KY

New Castle's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), New Castle took in $1.2 million and spent $899 thousand.

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

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Where it comes from

Fees for services (water, sewer)51%City taxes25%Federal tax money21%State tax money2.8%Fines and other0.5%

What stands out

21%

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

City taxes25%

Other taxes
18%$217 thousand
What's in other taxesInsurance premium taxes and public utility taxes
  • Insurance premium taxes$156 thousand
  • Public utility taxes$61 thousand

Amounts are by Census tax category.

Property tax
7.1%$88 thousand

Fees for services51%

Fees for services
51%$629 thousand
What's in fees for servicesWater; sewer and 3 more
  • Water$256 thousand
  • Sewer$242 thousand
  • Garbage collection$88 thousand
  • Other service charges$40 thousand
  • Parks and recreation$3 thousand

Amounts are by Census type of charge.

Federal tax money21%

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

From the federal government
21%$262 thousand

State tax money2.8%

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

From the state
2.8%$35 thousand

Fines and other0.5%

Interest, rents and other
0.5%$6 thousand

Where it goes

Water, sewer, trash and utilities60%Running the government and other costs19%Police, fire, courts and jails9.8%Roads, transit and parking7.9%Interest on debt2.9%All other spending1.2%

What stands out

60%

of New Castle's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
60%$535 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$271 thousand
  • Sewer systems$180 thousand
  • Garbage and solid waste$84 thousand
Running the government and other costs
19%$168 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$168 thousand
Police, fire, courts and jails
9.8%$88 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$54 thousand
  • Police$28 thousand
  • Inspections and regulation$6 thousand
Roads, transit and parking
7.9%$71 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$71 thousand
Interest on debt
2.9%$26 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$14 thousand
  • Interest on water supply debt$12 thousand
Sent to other local governments
1.0%$9 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$9 thousand
Housing and community development
0.2%$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Castle. 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 New Castle 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.