City government · Gogebic County, MI

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

In the latest recorded fiscal year (ended June 30, 2024), Ironwood took in $18.3 million and spent $18.4 million.

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

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Where it comes from

Fees for services (housing)37%Federal tax money21%State tax money21%City taxes15%Fines and other5.4%

What stands out

21%

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

City taxes15%

Property tax
14%$2.6 million
Other taxes
0.5%$88 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$88 thousand

Amounts are by Census tax category.

Fees for services37%

Fees for services
37%$6.8 million
What's in fees for servicesOther service charges and housing
  • Other service charges$6.2 million
  • Housing$636 thousand

Amounts are by Census type of charge.

Federal tax money21%

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

From the federal government
21%$3.9 million

State tax money21%

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

From the state
21%$3.8 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$2 thousand

Fines and other5.4%

Interest, rents and other
5.4%$980 thousand
Fines
<0.1%$16 thousand

Where it goes

Water, sewer, trash and utilities30%Running the government and other costs22%Roads, transit and parking17%Housing and community development8.1%Police, fire, courts and jails7.1%All other spending16%

What stands out

8.1%

of Ironwood's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
30%$5.5 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$5.5 million
  • Garbage and solid waste$31 thousand
Running the government and other costs
22%$4.1 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$2.1 million
  • Finance, tax collection and budgeting$1.5 million
  • Central staff services (personnel, purchasing, technology)$311 thousand
  • Government buildings$171 thousand
Roads, transit and parking
17%$3.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.0 million
Housing and community development
8.1%$1.5 million
Police, fire, courts and jails
7.1%$1.3 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.1 million
  • Fire protection$172 thousand
Sent to other local governments
6.2%$1.1 million
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$1.1 million
Parks, recreation and libraries
5.9%$1.1 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.0 million
  • Libraries$39 thousand
Health and hospitals
2.5%$454 thousand
What's in health and hospitalsPublic health
  • Public health$454 thousand
Interest on debt
1.7%$314 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$188 thousand
  • Interest on general debt$126 thousand
Sources and moreWhere these numbers come from and what they cover

City of Ironwood. 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 Ironwood 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.