City government · Washington County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Springfield took in $20.4 million and spent $14.8 million.

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

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Where it comes from

Fees for services (water, sewer)50%Federal tax money24%City taxes19%State tax money3.7%Fines and other2.1%County and local tax money0.2%

What stands out

24%

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

City taxes19%

Individual income tax
12%$2.4 million
Other taxes
5.4%$1.1 million
What's in other taxesInsurance premium taxes; public utility taxes and 3 more
  • Insurance premium taxes$588 thousand
  • Public utility taxes$389 thousand
  • Other selective sales taxes$90 thousand
  • Other licenses$20 thousand
  • Alcoholic beverage licenses$12 thousand

Amounts are by Census tax category.

Property tax
2.4%$496 thousand

Fees for services50%

Fees for services
50%$10.2 million
What's in fees for servicesWater; sewer and 2 more
  • Water$6.1 million
  • Sewer$3.1 million
  • Other service charges$979 thousand
  • Parks and recreation$22 thousand

Amounts are by Census type of charge.

Federal tax money24%

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

From the federal government
24%$5.0 million

State tax money3.7%

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

From the state
3.7%$749 thousand

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$34 thousand

Fines and other2.1%

Interest, rents and other
2.1%$421 thousand

Where it goes

Water, sewer, trash and utilities58%Police, fire, courts and jails17%Running the government and other costs11%Interest on debt4.6%Parks, recreation and libraries4.3%All other spending5.1%

What stands out

58%

of Springfield's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
58%$8.6 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$5.9 million
  • Sewer systems$2.6 million
Police, fire, courts and jails
17%$2.5 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.7 million
  • Fire protection$793 thousand
Running the government and other costs
11%$1.6 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$1.6 million
Interest on debt
4.6%$675 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$577 thousand
  • Interest on general debt$98 thousand
Parks, recreation and libraries
4.3%$640 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$640 thousand
Housing and community development
2.3%$338 thousand
Sent to other local governments
1.5%$220 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$220 thousand
Roads, transit and parking
1.3%$196 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$196 thousand
Sources and moreWhere these numbers come from and what they cover

City of Springfield. 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 Springfield 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.