City government · Carter County, KY

Olive Hill's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Olive Hill took in $6.4 million and spent $5.5 million.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, water)83%City taxes13%State tax money2.5%Fines and other1.2%

What stands out

83%

of Olive Hill's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes13%

Other taxes
6.1%$390 thousand
What's in other taxesInsurance premium taxes; alcoholic beverage licenses and 2 more
  • Insurance premium taxes$202 thousand
  • Alcoholic beverage licenses$109 thousand
  • Public utility taxes$70 thousand
  • Motor vehicle licenses$9 thousand

Amounts are by Census tax category.

Individual income tax
5.3%$336 thousand
Property tax
1.9%$118 thousand

Fees for services83%

Fees for services
83%$5.3 million
What's in fees for servicesElectric power; water and 4 more
  • Electric power$3.0 million
  • Water$1.1 million
  • Gas$554 thousand
  • Sewer$322 thousand
  • Garbage collection$254 thousand
  • Other service charges$76 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%$157 thousand

Fines and other1.2%

Interest, rents and other
1.2%$75 thousand

Where it goes

Water, sewer, trash and utilities83%Police, fire, courts and jails11%Running the government and other costs2.6%Interest on debt1.0%Roads, transit and parking0.9%All other spending1.3%

What stands out

83%

of Olive Hill'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
83%$4.6 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 3 more
  • Electric power$2.7 million
  • Water supply$899 thousand
  • Gas supply$441 thousand
  • Sewer systems$406 thousand
  • Garbage and solid waste$178 thousand
Police, fire, courts and jails
11%$620 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$437 thousand
  • Fire protection$183 thousand
Running the government and other costs
2.6%$142 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$142 thousand
Interest on debt
1.0%$57 thousand
What's in interest on debtInterest on water supply debt; interest on electric power debt and 1 more
  • Interest on water supply debt$26 thousand
  • Interest on electric power debt$26 thousand
  • Interest on gas supply debt$5 thousand
Roads, transit and parking
0.9%$52 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$52 thousand
Parks, recreation and libraries
0.9%$51 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$51 thousand
Social services
0.3%$19 thousand
What's in social servicesOther public welfare
  • Other public welfare$19 thousand
Sources and moreWhere these numbers come from and what they cover

City of Olive Hill. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Olive Hill 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.