City government · Caldwell County, KY

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

In the latest recorded fiscal year (ended June 30, 2022), Princeton took in $4.9 million and spent $3.6 million.

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

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Where it comes from

City taxes89%State tax money4.9%Fines and other2.7%Fees for services1.7%County and local tax money1.3%Federal tax money0.1%

What stands out

44%

of Princeton's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes89%

Individual income tax
44%$2.1 million
Other taxes
21%$1.0 million
What's in other taxesInsurance premium taxes; public utility taxes and 2 more
  • Insurance premium taxes$831 thousand
  • Public utility taxes$134 thousand
  • Other licenses$44 thousand
  • Motor vehicle licenses$28 thousand

Amounts are by Census tax category.

Business income tax
13%$630 thousand
Property tax
11%$563 thousand

Fees for services1.7%

Fees for services
1.7%$84 thousand
What's in fees for servicesOther service charges
  • Other service charges$84 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$6 thousand

State tax money4.9%

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

From the state
4.9%$241 thousand

County and local tax money1.3%

Money passed on by the county or other local governments.

From the county and other local governments
1.3%$62 thousand

Fines and other2.7%

Interest, rents and other
2.7%$132 thousand

Where it goes

Police, fire, courts and jails42%Social services26%Roads, transit and parking18%Running the government and other costs9.8%Interest on debt3.0%All other spending1.2%

What stands out

26%

of Princeton's spending goes to social services.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
42%$1.5 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.2 million
  • Fire protection$349 thousand
Social services
26%$940 thousand
What's in social servicesOther public welfare
  • Other public welfare$940 thousand
Roads, transit and parking
18%$658 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$658 thousand
Running the government and other costs
9.8%$357 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$357 thousand
Interest on debt
3.0%$110 thousand
Parks, recreation and libraries
1.1%$41 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$41 thousand
Health and hospitals
<0.1%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Princeton. 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 Princeton 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.