City government · Iron County, MI

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

In the latest recorded fiscal year (ended June 30, 2022), Iron River took in $5.2 million and spent $4.7 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (sewer, water)47%State tax money25%City taxes23%Fines and other5.0%

What stands out

25%

of Iron River's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

City taxes23%

Property tax
23%$1.2 million
Other taxes
0.3%$15 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$10 thousand
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services47%

Fees for services
47%$2.4 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$1.1 million
  • Water$1.0 million
  • Other service charges$330 thousand
  • Parks and recreation$3 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$1 thousand

State tax money25%

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

From the state
25%$1.3 million

Fines and other5.0%

Interest, rents and other
5.0%$257 thousand
Fines
<0.1%$3 thousand

Where it goes

Running the government and other costs34%Roads, transit and parking26%Water, sewer, trash and utilities24%Police, fire, courts and jails9.3%Interest on debt5.1%Parks, recreation and libraries1.1%

What stands out

26%

of Iron River's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Running the government and other costs
34%$1.6 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$1.2 million
  • Central staff services (personnel, purchasing, technology)$226 thousand
  • Finance, tax collection and budgeting$190 thousand
  • Government buildings$50 thousand
Roads, transit and parking
26%$1.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.2 million
Water, sewer, trash and utilities
24%$1.2 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$966 thousand
  • Garbage and solid waste$188 thousand
Police, fire, courts and jails
9.3%$442 thousand
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$366 thousand
  • Courts and legal services$52 thousand
  • Fire protection$24 thousand
Interest on debt
5.1%$242 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$181 thousand
  • Interest on general debt$61 thousand
Parks, recreation and libraries
1.1%$50 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$50 thousand
Sources and moreWhere these numbers come from and what they cover

City of Iron River. 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 Iron River 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.