City government · Boone County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Walton took in $5.2 million and spent $6.9 million.

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

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Where it comes from

Fees for services (sewer, water)51%City taxes38%Federal tax money6.1%Fines and other1.8%State tax money1.7%County and local tax money0.9%

What stands out

17%

of Walton'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 taxes38%

Property tax
22%$1.1 million
Other taxes
17%$861 thousand
What's in other taxesInsurance premium taxes and public utility taxes
  • Insurance premium taxes$842 thousand
  • Public utility taxes$19 thousand

Amounts are by Census tax category.

Fees for services51%

Fees for services
51%$2.7 million
What's in fees for servicesSewer; water and 1 more
  • Sewer$1.3 million
  • Water$1.3 million
  • Other service charges$83 thousand

Amounts are by Census type of charge.

Federal tax money6.1%

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

From the federal government
6.1%$319 thousand

State tax money1.7%

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

From the state
1.7%$87 thousand

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$48 thousand

Fines and other1.8%

Interest, rents and other
1.2%$63 thousand
Fines
0.6%$29 thousand

Where it goes

Water, sewer, trash and utilities56%Running the government and other costs20%Parks, recreation and libraries13%Roads, transit and parking12%Interest on debt0.2%

What stands out

13%

of Walton'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%

Water, sewer, trash and utilities
56%$3.8 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$2.5 million
  • Sewer systems$1.3 million
Running the government and other costs
20%$1.4 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$1.4 million
Parks, recreation and libraries
13%$900 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$900 thousand
Roads, transit and parking
12%$807 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$807 thousand
Interest on debt
0.2%$17 thousand
Sources and moreWhere these numbers come from and what they cover

City of Walton. 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 Walton 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.