City government · Greenup County, KY

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

In the latest recorded fiscal year (ended June 30, 2022), Raceland took in $3.2 million and spent $2.4 million.

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

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Where it comes from

Fees for services (sewer, water)46%Federal tax money27%City taxes23%State tax money2.7%County and local tax money2.0%

What stands out

27%

of Raceland's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes23%

Other taxes
13%$433 thousand
What's in other taxesInsurance premium taxes and other licenses
  • Insurance premium taxes$419 thousand
  • Other licenses$14 thousand

Amounts are by Census tax category.

Property tax
6.2%$200 thousand
Business income tax
1.9%$62 thousand
Individual income tax
1.1%$36 thousand

Fees for services46%

Fees for services
46%$1.5 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$636 thousand
  • Water$627 thousand
  • Garbage collection$191 thousand
  • Other service charges$17 thousand

Amounts are by Census type of charge.

Federal tax money27%

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

From the federal government
27%$867 thousand

State tax money2.7%

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

From the state
2.7%$86 thousand

County and local tax money2.0%

Money passed on by the county or other local governments.

From the county and other local governments
2.0%$66 thousand

Where it goes

Water, sewer, trash and utilities38%Police, fire, courts and jails31%Running the government and other costs19%Roads, transit and parking10%Interest on debt1.2%

What stands out

31%

of Raceland's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
38%$939 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$754 thousand
  • Sewer systems$164 thousand
  • Garbage and solid waste$21 thousand
Police, fire, courts and jails
31%$757 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$664 thousand
  • Fire protection$93 thousand
Running the government and other costs
19%$464 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$464 thousand
Roads, transit and parking
10%$254 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$254 thousand
Interest on debt
1.2%$30 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$20 thousand
  • Interest on water supply debt$10 thousand
Parks, recreation and libraries
<0.1%$1 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Raceland. 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 Raceland 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.