City government · Campbell County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Newport took in $32.9 million and spent $19.5 million.

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

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Where it comes from

City taxes71%Fees for services (garbage collection, parking)10%Federal tax money8.0%Fines and other5.3%State tax money4.3%County and local tax money0.8%

What stands out

29%

of Newport's money comes from a personal income tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes71%

Individual income tax
29%$9.5 million
Other taxes
21%$7.1 million
What's in other taxesInsurance premium taxes; alcoholic beverage licenses and 3 more
  • Insurance premium taxes$4.4 million
  • Alcoholic beverage licenses$1.2 million
  • Public utility taxes$807 thousand
  • Occupation and business licenses$411 thousand
  • Other licenses$189 thousand

Amounts are by Census tax category.

Property tax
11%$3.8 million
Business income tax
9.7%$3.2 million

Fees for services10%

Fees for services
10%$3.4 million
What's in fees for servicesGarbage collection; other service charges and 2 more
  • Garbage collection$1.7 million
  • Other service charges$1.4 million
  • Parking$235 thousand
  • Parks and recreation$54 thousand

Amounts are by Census type of charge.

Federal tax money8.0%

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

From the federal government
8.0%$2.6 million

State tax money4.3%

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

From the state
4.3%$1.4 million

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%$255 thousand

Fines and other5.3%

Interest, rents and other
3.9%$1.3 million
Fines
1.4%$446 thousand

Where it goes

Police, fire, courts and jails52%Running the government and other costs17%Roads, transit and parking13%Parks, recreation and libraries8.3%Water, sewer, trash and utilities7.5%Interest on debt3.2%

What stands out

52%

of Newport's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
52%$10.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$5.1 million
  • Fire protection$4.1 million
  • Inspections and regulation$911 thousand
Running the government and other costs
17%$3.2 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)$3.2 million
  • Other and not broken out$44 thousand
Roads, transit and parking
13%$2.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.5 million
Parks, recreation and libraries
8.3%$1.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.6 million
Water, sewer, trash and utilities
7.5%$1.5 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$1.5 million
Interest on debt
3.2%$620 thousand
Sources and moreWhere these numbers come from and what they cover

City of Newport. 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 Newport 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.