City government · Gogebic County, MI

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

In the latest recorded fiscal year (ended June 30, 2022), Bessemer took in $10.6 million and spent $6.0 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Federal tax money58%Fees for services (water, housing)23%State tax money9.0%City taxes5.9%Fines and other3.9%

What stands out

58%

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

City taxes5.9%

Property tax
5.9%$619 thousand
Other taxes
<0.1%$9 thousand
What's in other taxesOther licenses
  • Other licenses$9 thousand

Amounts are by Census tax category.

Fees for services23%

Fees for services
23%$2.4 million
What's in fees for servicesWater; housing and 3 more
  • Water$625 thousand
  • Housing$615 thousand
  • Other service charges$509 thousand
  • Sewer$453 thousand
  • Garbage collection$192 thousand

Amounts are by Census type of charge.

Federal tax money58%

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

From the federal government
58%$6.2 million

State tax money9.0%

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

From the state
9.0%$955 thousand

Fines and other3.9%

Interest, rents and other
3.9%$416 thousand

Where it goes

Running the government and other costs25%Water, sewer, trash and utilities25%Sent to other local governments22%Housing and community development16%Roads, transit and parking6.3%All other spending6.2%

What stands out

22%

of Bessemer's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
25%$1.5 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$1.2 million
  • Finance, tax collection and budgeting$162 thousand
  • Central staff services (personnel, purchasing, technology)$105 thousand
  • Government buildings$25 thousand
Water, sewer, trash and utilities
25%$1.5 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$1.3 million
  • Garbage and solid waste$170 thousand
Sent to other local governments
22%$1.3 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$697 thousand
  • Sent to the state government$585 thousand
Housing and community development
16%$930 thousand
Roads, transit and parking
6.3%$377 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$377 thousand
Police, fire, courts and jails
2.5%$147 thousand
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$98 thousand
  • Courts and legal services$25 thousand
  • Fire protection$17 thousand
  • Inspections and regulation$7 thousand
Interest on debt
2.0%$120 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$94 thousand
  • Interest on water supply debt$26 thousand
Parks, recreation and libraries
1.7%$101 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$101 thousand
Sources and moreWhere these numbers come from and what they cover

City of Bessemer. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Bessemer 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.