City government · Jessamine County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Nicholasville took in $68.1 million and spent $48.7 million.

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

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Where it comes from

Fees for services (electric power, water)47%City taxes44%Fines and other4.1%Federal tax money2.2%State tax money2.2%County and local tax money0.6%

What stands out

16%

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

City taxes44%

Individual income tax
16%$11.1 million
Other taxes
15%$10.3 million
What's in other taxesInsurance premium taxes; public utility taxes and 3 more
  • Insurance premium taxes$7.1 million
  • Public utility taxes$1.7 million
  • Alcoholic beverage licenses$924 thousand
  • Other licenses$414 thousand
  • Other selective sales taxes$162 thousand

Amounts are by Census tax category.

Property tax
9.4%$6.4 million
Business income tax
2.9%$2.0 million

Fees for services47%

Fees for services
47%$32.1 million
What's in fees for servicesElectric power; water and 2 more
  • Electric power$16.2 million
  • Water$8.0 million
  • Sewer$6.4 million
  • Other service charges$1.6 million

Amounts are by Census type of charge.

Federal tax money2.2%

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

From the federal government
2.2%$1.5 million

State tax money2.2%

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

From the state
2.2%$1.5 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$394 thousand

Fines and other4.1%

Interest, rents and other
2.8%$1.9 million
Fines
1.3%$877 thousand

Where it goes

Water, sewer, trash and utilities52%Police, fire, courts and jails25%Running the government and other costs15%Roads, transit and parking4.9%Interest on debt2.5%Parks, recreation and libraries1.2%

What stands out

52%

of Nicholasville's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
52%$25.2 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 1 more
  • Electric power$15.9 million
  • Water supply$5.4 million
  • Sewer systems$3.9 million
Police, fire, courts and jails
25%$12.1 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$6.3 million
  • Fire protection$5.8 million
Running the government and other costs
15%$7.2 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)$6.0 million
  • Other and not broken out$1.3 million
Roads, transit and parking
4.9%$2.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.4 million
Interest on debt
2.5%$1.2 million
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$1.0 million
  • Interest on water supply debt$189 thousand
  • Interest on electric power debt$5 thousand
Parks, recreation and libraries
1.2%$601 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$601 thousand
Sources and moreWhere these numbers come from and what they cover

City of Nicholasville. 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 Nicholasville 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.