City government · Campbell County, KY

Silver Grove's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Silver Grove took in $1.7 million and spent $1.5 million.

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

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Where it comes from

City taxes46%Fines and other37%State tax money7.1%Fees for services (garbage collection)4.8%Federal tax money4.6%

What stands out

25%

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

City taxes46%

Individual income tax
25%$427 thousand
Property tax
11%$188 thousand
Other taxes
9.7%$165 thousand
What's in other taxesInsurance premium taxes; public utility taxes and 2 more
  • Insurance premium taxes$153 thousand
  • Public utility taxes$8 thousand
  • Occupation and business licenses$3 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Business income tax
0.3%$5 thousand

Fees for services4.8%

Fees for services
4.8%$82 thousand
What's in fees for servicesGarbage collection and other service charges
  • Garbage collection$69 thousand
  • Other service charges$13 thousand

Amounts are by Census type of charge.

Federal tax money4.6%

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

From the federal government
4.6%$79 thousand

State tax money7.1%

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

From the state
7.1%$121 thousand

Fines and other37%

Interest, rents and other
37%$636 thousand
Fines
0.1%$2 thousand

Where it goes

Running the government and other costs61%Roads, transit and parking24%Sent to other local governments8.5%Social services5.2%Parks, recreation and libraries0.7%Police, fire, courts and jails0.2%

What stands out

61%

of Silver Grove's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
61%$932 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$932 thousand
Roads, transit and parking
24%$364 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$364 thousand
Sent to other local governments
8.5%$129 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$129 thousand
Social services
5.2%$79 thousand
What's in social servicesOther public welfare
  • Other public welfare$79 thousand
Parks, recreation and libraries
0.7%$10 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$10 thousand
Police, fire, courts and jails
0.2%$3 thousand
What's in police, fire, courts and jailsInspections and regulation
  • Inspections and regulation$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Silver Grove. 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 Silver Grove 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.