City government · Russell County, KY

Russell Springs's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Russell Springs took in $8.4 million and spent $7.4 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (water, sewer)55%City taxes41%County and local tax money2.1%Fines and other1.8%

What stands out

17%

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

City taxes41%

Other taxes
18%$1.6 million
What's in other taxesInsurance premium taxes; alcoholic beverage licenses and 3 more
  • Insurance premium taxes$992 thousand
  • Alcoholic beverage licenses$263 thousand
  • Public utility taxes$235 thousand
  • Occupation and business licenses$62 thousand
  • Other licenses$4 thousand

Amounts are by Census tax category.

Individual income tax
17%$1.5 million
Property tax
5.5%$461 thousand

Fees for services55%

Fees for services
55%$4.6 million
What's in fees for servicesWater; sewer and 3 more
  • Water$2.9 million
  • Sewer$1.2 million
  • Other service charges$265 thousand
  • Garbage collection$186 thousand
  • Parks and recreation$53 thousand

Amounts are by Census type of charge.

County and local tax money2.1%

Money passed on by the county or other local governments.

From the county and other local governments
2.1%$181 thousand

Fines and other1.8%

Interest, rents and other
1.0%$81 thousand
Fines
0.8%$68 thousand

Where it goes

Water, sewer, trash and utilities48%Running the government and other costs31%Parks, recreation and libraries14%Police, fire, courts and jails5.7%Interest on debt1.2%All other spending0.5%

What stands out

14%

of Russell Springs' spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
48%$3.6 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$2.3 million
  • Sewer systems$1.2 million
Running the government and other costs
31%$2.3 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$2.3 million
Parks, recreation and libraries
14%$1.0 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.0 million
Police, fire, courts and jails
5.7%$421 thousand
What's in police, fire, courts and jailsPolice
  • Police$421 thousand
Interest on debt
1.2%$89 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$51 thousand
  • Interest on water supply debt$38 thousand
Roads, transit and parking
0.5%$34 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$34 thousand
Social services
<0.1%$5 thousand
What's in social servicesOther public welfare
  • Other public welfare$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of Russell Springs. 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 Russell Springs 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.