City government · Magoffin County, KY

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

In the latest recorded fiscal year (ended June 30, 2022), Salyersville took in $2.3 million and spent $1.2 million.

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

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Where it comes from

City taxes62%State tax money27%Federal tax money10%Fees for services0.9%Fines and other<0.1%

What stands out

31%

of Salyersville's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

City taxes62%

Other taxes
31%$710 thousand
What's in other taxesInsurance premium taxes; other selective sales taxes and 4 more
  • Insurance premium taxes$302 thousand
  • Other selective sales taxes$275 thousand
  • Public utility taxes$94 thousand
  • Occupation and business licenses$31 thousand
  • Other licenses$6 thousand
  • Alcoholic beverage licenses$2 thousand

Amounts are by Census tax category.

Individual income tax
16%$367 thousand
Property tax
12%$282 thousand
Business income tax
1.5%$34 thousand

Fees for services0.9%

Fees for services
0.9%$21 thousand
What's in fees for servicesOther service charges
  • Other service charges$21 thousand

Amounts are by Census type of charge.

Federal tax money10%

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

From the federal government
10%$234 thousand

State tax money27%

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

From the state
27%$614 thousand

Fines and other<0.1%

Interest, rents and other
<0.1%$2 thousand

Where it goes

Police, fire, courts and jails36%Roads, transit and parking21%Parks, recreation and libraries18%Running the government and other costs17%Water, sewer, trash and utilities7.5%Interest on debt0.5%

What stands out

18%

of Salyersville's 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%

Police, fire, courts and jails
36%$420 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$230 thousand
  • Fire protection$190 thousand
Roads, transit and parking
21%$238 thousand
What's in roads, transit and parkingParking and roads and highways
  • Parking$148 thousand
  • Roads and highways$90 thousand
Parks, recreation and libraries
18%$205 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$205 thousand
Running the government and other costs
17%$199 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other government-run businesses and 1 more
  • Central staff services (personnel, purchasing, technology)$180 thousand
  • Other government-run businesses$18 thousand
  • Finance, tax collection and budgeting$1 thousand
Water, sewer, trash and utilities
7.5%$87 thousand
What's in water, sewer, trash and utilitiesElectric power; gas supply and 1 more
  • Electric power$84 thousand
  • Gas supply$2 thousand
  • Water supply$1 thousand
Interest on debt
0.5%$6 thousand
Sources and moreWhere these numbers come from and what they cover

City of Salyersville. 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 Salyersville 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.