City government · Kenton County, KY

Taylor Mill's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Taylor Mill took in $9.5 million and spent $5.8 million.

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

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Where it comes from

City taxes65%Federal tax money21%Fines and other5.1%Fees for services (garbage collection)4.5%State tax money4.5%County and local tax money0.1%

What stands out

21%

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

City taxes65%

Property tax
26%$2.5 million
Individual income tax
19%$1.8 million
Other taxes
13%$1.2 million
What's in other taxesInsurance premium taxes; public utility taxes and 1 more
  • Insurance premium taxes$922 thousand
  • Public utility taxes$291 thousand
  • Alcoholic beverage licenses$9 thousand

Amounts are by Census tax category.

Business income tax
6.1%$578 thousand

Fees for services4.5%

Fees for services
4.5%$429 thousand
What's in fees for servicesGarbage collection and other service charges
  • Garbage collection$417 thousand
  • Other service charges$12 thousand

Amounts are by Census type of charge.

Federal tax money21%

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

From the federal government
21%$2.0 million

State tax money4.5%

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

From the state
4.5%$428 thousand

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$12 thousand

Fines and other5.1%

Interest, rents and other
4.8%$455 thousand
Fines
0.3%$29 thousand

Where it goes

Police, fire, courts and jails60%Running the government and other costs17%Roads, transit and parking12%Parks, recreation and libraries11%Interest on debt0.2%

What stands out

60%

of Taylor Mill's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
60%$3.5 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$2.2 million
  • Police$1.3 million
Running the government and other costs
17%$978 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$978 thousand
Roads, transit and parking
12%$670 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$670 thousand
Parks, recreation and libraries
11%$658 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$658 thousand
Interest on debt
0.2%$9 thousand
Sources and moreWhere these numbers come from and what they cover

City of Taylor Mill. 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 Taylor Mill 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.