City government · Prince Georges County, MD

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

In the latest recorded fiscal year (ended June 30, 2024), Laurel took in $57.9 million and spent $53.2 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes from Goes to

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Where it comes from

City taxes60%Federal tax money23%Fines and other10%State tax money4.4%Fees for services (parks and recreation, garbage collection)1.9%County and local tax money0.6%

What stands out

23%

of Laurel's money comes from federal tax money.A typical U.S. city of 10,000 to 50,000 people gets 1.2%.

City taxes60%

Property tax

47%$27.4 million

Individual income tax

8.8%$5.1 million

Other taxes

4.2%$2.4 million

What's in other taxesOther licenses; amusement taxes and 5 more

Other licenses$1.1 million
Amusement taxes$434 thousand
Public utility licenses$385 thousand
Other selective sales taxes$358 thousand
Occupation and business licenses$75 thousand
Alcoholic beverage licenses$32 thousand
Amusement licenses$19 thousand

Amounts are by Census tax category.

Fees for services1.9%

Fees for services

1.9%$1.1 million

What's in fees for servicesParks and recreation; other service charges and 1 more

Parks and recreation$623 thousand
Other service charges$233 thousand
Garbage collection$216 thousand

Amounts are by Census type of charge.

Federal tax money23%

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

From the federal government

23%$13.2 million

State tax money4.4%

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

From the state

4.4%$2.5 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments

0.6%$354 thousand

Fines and other10%

Fines

7.9%$4.6 million

Interest, rents and other

2.1%$1.2 million

Where it goes

Running the government and other costs43%Police, fire, courts and jails25%Roads, transit and parking23%Water, sewer, trash and utilities5.0%Parks, recreation and libraries3.9%Interest on debt0.4%

What stands out

43%

of Laurel's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs

43%$22.7 million

What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more

Other and not broken out$19.5 million
Finance, tax collection and budgeting$2.3 million
Central staff services (personnel, purchasing, technology)$594 thousand
Government buildings$203 thousand

Police, fire, courts and jails

25%$13.4 million

What's in police, fire, courts and jailsPolice; fire protection and 1 more

Police$12.4 million
Fire protection$606 thousand
Inspections and regulation$488 thousand

Roads, transit and parking

23%$12.2 million

What's in roads, transit and parkingRoads and highways and public transit

Roads and highways$12.1 million
Public transit$80 thousand

Water, sewer, trash and utilities

5.0%$2.7 million

What's in water, sewer, trash and utilitiesGarbage and solid waste

Garbage and solid waste$2.7 million

Parks, recreation and libraries

3.9%$2.1 million

What's in parks, recreation and librariesParks and recreation

Parks and recreation$2.1 million

Interest on debt

0.4%$196 thousand

Sources and moreWhere these numbers come from and what they cover

City of Laurel. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Laurel 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.