City government · Hampden County, MA

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

In the latest recorded fiscal year (ended June 30, 2024), Holyoke took in $380 million and spent $274 million.

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

See every government that serves your ZIP

Where it comes from

State tax money38%Fees for services (electric power, gas)28%City taxes19%Federal tax money14%Fines and other0.9%County and local tax money0.2%

What stands out

38%

of Holyoke's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

City taxes19%

Property tax
18%$67.4 million
Other taxes
0.7%$2.8 million
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$2.1 million
  • Other licenses$684 thousand

Amounts are by Census tax category.

Fees for services28%

Fees for services
28%$108 million
What's in fees for servicesElectric power; gas and 7 more
  • Electric power$61.7 million
  • Gas$26.9 million
  • Sewer$10.0 million
  • Water$7.9 million
  • Other service charges$805 thousand
  • School lunches$414 thousand
  • Parking$229 thousand
  • Other school charges$49 thousand
  • School tuition and transportation$27 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$54.2 million

State tax money38%

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

From the state
38%$143 million

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%$795 thousand

Fines and other0.9%

Interest, rents and other
0.9%$3.5 million

Where it goes

Schools and colleges58%Water, sewer, trash and utilities32%Police, fire, courts and jails5.0%Sent to other local governments2.7%Interest on debt1.1%All other spending0.9%

What stands out

58%

of Holyoke's spending goes to schools and colleges.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
58%$159 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$159 million
Water, sewer, trash and utilities
32%$88.9 million
What's in water, sewer, trash and utilitiesElectric power and gas supply
  • Electric power$55.7 million
  • Gas supply$33.2 million
Police, fire, courts and jails
5.0%$13.6 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$7.6 million
  • Fire protection$5.4 million
  • Inspections and regulation$318 thousand
  • Courts and legal services$283 thousand
Sent to other local governments
2.7%$7.3 million
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$6.1 million
  • Sent to the state government$1.2 million
Interest on debt
1.1%$3.1 million
What's in interest on debtInterest on electric power debt; interest on general debt and 1 more
  • Interest on electric power debt$1.7 million
  • Interest on general debt$1.3 million
  • Interest on water supply debt$83 thousand
Running the government and other costs
0.8%$2.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$1.2 million
  • Finance, tax collection and budgeting$682 thousand
  • Other and not broken out$328 thousand
Roads, transit and parking
0.1%$291 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$291 thousand
Environment and natural resources
<0.1%$143 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$143 thousand
Sources and moreWhere these numbers come from and what they cover

City of Holyoke. 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 Holyoke 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.