County government · Spencer County, KY

Spencer County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Spencer County took in $11.7 million and spent $9.4 million.

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

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Where it comes from

State tax money43%County taxes32%Federal tax money16%Fees for services (garbage collection, road charges)6.0%Fines and other2.1%Local tax money0.8%

What stands out

15%

of Spencer County's money comes from taxes other than property, sales and income taxes.A typical U.S. county of under 50,000 people gets 1.9%.

County taxes32%

Other taxes
15%$1.8 million
What's in other taxesInsurance premium taxes; occupation and business licenses and 7 more
  • Insurance premium taxes$903 thousand
  • Occupation and business licenses$249 thousand
  • Public utility taxes$210 thousand
  • Real estate and stock transfer taxes$176 thousand
  • Other licenses$130 thousand
  • Other selective sales taxes$34 thousand
  • Corporation licenses$33 thousand
  • Other taxes not classified elsewhere$22 thousand
  • Alcoholic beverage licenses$8 thousand

Amounts are by Census tax category.

Property tax
11%$1.2 million
Individual income tax
6.9%$807 thousand

Fees for services6.0%

Fees for services
6.0%$699 thousand
What's in fees for servicesOther service charges; garbage collection and 1 more
  • Other service charges$661 thousand
  • Garbage collection$36 thousand
  • Road charges$2 thousand

Amounts are by Census type of charge.

Federal tax money16%

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

From the federal government
16%$1.9 million

State tax money43%

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

From the state
43%$5.0 million

Local tax money0.8%

Money passed on by the county or other local governments.

From other local governments
0.8%$90 thousand

Fines and other2.1%

Interest, rents and other
2.1%$249 thousand

Where it goes

Running the government and other costs34%Roads, transit and parking30%Health and hospitals15%Police, fire, courts and jails13%Sent to other local governments3.2%All other spending3.8%

What stands out

15%

of Spencer County's spending goes to health services and hospitals.A typical U.S. county of under 50,000 people spends 4.8%.

Spending by category100%

Running the government and other costs
34%$3.2 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$1.9 million
  • Central staff services (personnel, purchasing, technology)$927 thousand
  • Government buildings$228 thousand
  • Finance, tax collection and budgeting$190 thousand
Roads, transit and parking
30%$2.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.8 million
Health and hospitals
15%$1.4 million
What's in health and hospitalsPublic health
  • Public health$1.4 million
Police, fire, courts and jails
13%$1.3 million
What's in police, fire, courts and jailsPolice; prisons and jails and 1 more
  • Police$1.1 million
  • Prisons and jails$75 thousand
  • Courts and legal services$73 thousand
Sent to other local governments
3.2%$298 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$298 thousand
Parks, recreation and libraries
2.2%$205 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$205 thousand
Water, sewer, trash and utilities
1.2%$111 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$111 thousand
Social services
0.5%$44 thousand
What's in social servicesOther public welfare
  • Other public welfare$44 thousand
Environment and natural resources
<0.1%$1 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1 thousand
Sources and moreWhere these numbers come from and what they cover

Spencer County. 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 Spencer County 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.