City government · Hillsdale County, MI

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

In the latest recorded fiscal year (ended June 30, 2022), Reading took in $1.7 million and spent $1.5 million.

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

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Where it comes from

Fees for services (water, sewer)43%City taxes32%State tax money20%Fines and other4.8%County and local tax money0.5%

What stands out

13%

of Reading's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

City taxes32%

Property tax
18%$306 thousand
Other taxes
13%$216 thousand
What's in other taxesOther licenses
  • Other licenses$216 thousand

Amounts are by Census tax category.

Fees for services43%

Fees for services
43%$712 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$335 thousand
  • Sewer$264 thousand
  • Garbage collection$73 thousand
  • Other service charges$40 thousand

Amounts are by Census type of charge.

State tax money20%

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

From the state
20%$335 thousand

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$8 thousand

Fines and other4.8%

Interest, rents and other
4.8%$80 thousand

Where it goes

Running the government and other costs42%Water, sewer, trash and utilities29%Police, fire, courts and jails13%Interest on debt11%Roads, transit and parking5.1%Parks, recreation and libraries0.3%

What stands out

11%

of Reading's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Running the government and other costs
42%$618 thousand
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$411 thousand
  • Central staff services (personnel, purchasing, technology)$126 thousand
  • Government buildings$67 thousand
  • Finance, tax collection and budgeting$14 thousand
Water, sewer, trash and utilities
29%$424 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$424 thousand
Police, fire, courts and jails
13%$194 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$156 thousand
  • Fire protection$35 thousand
  • Courts and legal services$3 thousand
Interest on debt
11%$161 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$155 thousand
  • Interest on general debt$6 thousand
Roads, transit and parking
5.1%$76 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$76 thousand
Parks, recreation and libraries
0.3%$4 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4 thousand
Sources and moreWhere these numbers come from and what they cover

City of Reading. 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 Reading 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.