Village government · Madison Parish, LA

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

In the latest recorded fiscal year (ended June 30, 2022), Richmond took in $1.2 million and spent $906 thousand.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Village taxes70%Fees for services (sewer, water)20%State tax money6.9%Fines and other2.6%County and local tax money0.3%

What stands out

43%

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

Village taxes70%

Sales tax
43%$533 thousand
Property tax
15%$184 thousand
Other taxes
12%$151 thousand
What's in other taxesOther licenses; public utility licenses and 2 more
  • Other licenses$69 thousand
  • Public utility licenses$51 thousand
  • Occupation and business licenses$30 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services20%

Fees for services
20%$250 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$105 thousand
  • Water$94 thousand
  • Garbage collection$49 thousand
  • Parks and recreation$2 thousand

Amounts are by Census type of charge.

State tax money6.9%

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

From the state
6.9%$86 thousand

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$4 thousand

Fines and other2.6%

Interest, rents and other
2.3%$28 thousand
Fines
0.3%$4 thousand

Where it goes

Police, fire, courts and jails39%Water, sewer, trash and utilities25%Running the government and other costs22%Roads, transit and parking13%Parks, recreation and libraries1.9%

What stands out

39%

of Richmond'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
39%$350 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$234 thousand
  • Fire protection$110 thousand
  • Courts and legal services$6 thousand
Water, sewer, trash and utilities
25%$226 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$88 thousand
  • Sewer systems$84 thousand
  • Garbage and solid waste$54 thousand
Running the government and other costs
22%$195 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$100 thousand
  • Central staff services (personnel, purchasing, technology)$93 thousand
  • Other and not broken out$2 thousand
Roads, transit and parking
13%$118 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$118 thousand
Parks, recreation and libraries
1.9%$17 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$17 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Richmond. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Richmond 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.