City government · Emmet County, MI

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

In the latest recorded fiscal year (ended December 31, 2021), Petoskey took in $30.3 million and spent $26.8 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, sewer)66%City taxes23%State tax money6.1%Fines and other2.9%County and local tax money2.4%Federal tax money0.2%

What stands out

66%

of Petoskey's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes23%

Property tax
23%$6.9 million
Other taxes
<0.1%$21 thousand
What's in other taxesOther licenses and occupation and business licenses
  • Other licenses$13 thousand
  • Occupation and business licenses$8 thousand

Amounts are by Census tax category.

Fees for services66%

Fees for services
66%$19.8 million
What's in fees for servicesElectric power; sewer and 4 more
  • Electric power$11.4 million
  • Sewer$2.8 million
  • Water$2.8 million
  • Parks and recreation$1.4 million
  • Parking$1.3 million
  • Other service charges$291 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$60 thousand

State tax money6.1%

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

From the state
6.1%$1.8 million

County and local tax money2.4%

Money passed on by the county or other local governments.

From the county and other local governments
2.4%$733 thousand

Fines and other2.9%

Interest, rents and other
2.9%$873 thousand

Where it goes

Running the government and other costs62%Parks, recreation and libraries15%Water, sewer, trash and utilities10%Roads, transit and parking9.6%Interest on debt1.8%All other spending1.1%

What stands out

62%

of Petoskey's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
62%$16.6 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$14.6 million
  • Finance, tax collection and budgeting$842 thousand
  • Central staff services (personnel, purchasing, technology)$800 thousand
  • Government buildings$413 thousand
Parks, recreation and libraries
15%$4.0 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.9 million
  • Libraries$1.1 million
Water, sewer, trash and utilities
10%$2.8 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$2.6 million
  • Garbage and solid waste$208 thousand
Roads, transit and parking
9.6%$2.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.6 million
Interest on debt
1.8%$490 thousand
Sent to other local governments
0.6%$160 thousand
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$120 thousand
  • Sent to the state government$40 thousand
Police, fire, courts and jails
0.5%$130 thousand
What's in police, fire, courts and jailsCourts and legal services
  • Courts and legal services$130 thousand
Sources and moreWhere these numbers come from and what they cover

City of Petoskey. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Petoskey 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.