County government · Iron County, MI

Iron County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Iron County took in $26.0 million and spent $41.5 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

State tax money41%County taxes30%Federal tax money15%Local tax money5.9%Fees for services (parks and recreation, road charges)4.8%Fines and other3.4%

What stands out

15%

of Iron County's money comes from federal tax money.A typical U.S. county of under 50,000 people gets 3%.

County taxes30%

Property tax
29%$7.6 million
Other taxes
0.6%$148 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$138 thousand
  • Other licenses$10 thousand

Amounts are by Census tax category.

Fees for services4.8%

Fees for services
4.8%$1.3 million
What's in fees for servicesOther service charges; parks and recreation and 1 more
  • Other service charges$1.0 million
  • Parks and recreation$219 thousand
  • Road charges$6 thousand

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$3.8 million

State tax money41%

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

From the state
41%$10.8 million

Local tax money5.9%

Money passed on by the county or other local governments.

From other local governments
5.9%$1.5 million

Fines and other3.4%

Interest, rents and other
3.4%$880 thousand
Fines
<0.1%$6 thousand

Where it goes

Social services53%Roads, transit and parking17%Running the government and other costs12%Police, fire, courts and jails8.5%Health and hospitals8.1%All other spending1.3%

What stands out

53%

of Iron County's spending goes to social services.Most U.S. counties of under 50,000 people spend nothing on this.

Spending by category100%

Social services
53%$22.0 million
What's in social servicesWelfare institutions and other public welfare
  • Welfare institutions$21.9 million
  • Other public welfare$96 thousand
Roads, transit and parking
17%$7.0 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$7.0 million
  • Public transit$10 thousand
Running the government and other costs
12%$5.1 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$3.6 million
  • Finance, tax collection and budgeting$836 thousand
  • Central staff services (personnel, purchasing, technology)$407 thousand
  • Government buildings$217 thousand
Police, fire, courts and jails
8.5%$3.5 million
What's in police, fire, courts and jailsCourts and legal services; police and 2 more
  • Courts and legal services$1.6 million
  • Police$954 thousand
  • Prisons and jails$873 thousand
  • Inspections and regulation$140 thousand
Health and hospitals
8.1%$3.4 million
What's in health and hospitalsPublic health
  • Public health$3.4 million
Parks, recreation and libraries
1.0%$415 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$415 thousand
Interest on debt
0.3%$120 thousand
Sent to other local governments
<0.1%$11 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$11 thousand
Housing and community development
<0.1%$2 thousand
Sources and moreWhere these numbers come from and what they cover

Iron County. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Iron County 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.