City government · Jefferson County, KY
Norwood's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2022), Norwood took in $146 thousand and spent $129 thousand.
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Where it comes from
What stands out
of Norwood's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.
City taxes92%
What's in other taxesInsurance premium taxes
- Insurance premium taxes$40 thousand
Amounts are by Census tax category.
State tax money8.2%
Money the state passes on, paid for by the state taxes residents also pay.
Where it goes
What stands out
of Norwood's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.
Spending by category100%
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
- Central staff services (personnel, purchasing, technology)$87 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$34 thousand
What's in water, sewer, trash and utilitiesElectric power and water supply
- Electric power$7 thousand
- Water supply$1 thousand
Sources and moreWhere these numbers come from and what they cover
City of Norwood. 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 Norwood 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.