Town government · Tishomingo County, MS

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

In the latest recorded fiscal year (ended September 30, 2021), Belmont took in $4.2 million and spent $4.1 million.

Latest recorded year: ended September 30, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (gas, sewer)45%Federal tax money27%State tax money10%Town taxes8.9%Fines and other8.4%County and local tax money0.5%

What stands out

27%

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

Town taxes8.9%

Property tax
7.8%$329 thousand
Other taxes
1.2%$49 thousand
What's in other taxesPublic utility taxes and occupation and business licenses
  • Public utility taxes$42 thousand
  • Occupation and business licenses$7 thousand

Amounts are by Census tax category.

Fees for services45%

Fees for services
45%$1.9 million
What's in fees for servicesGas; sewer and 2 more
  • Gas$1.3 million
  • Sewer$223 thousand
  • Water$193 thousand
  • Garbage collection$163 thousand

Amounts are by Census type of charge.

Federal tax money27%

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

From the federal government
27%$1.1 million

State tax money10%

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

From the state
10%$427 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%$23 thousand

Fines and other8.4%

Interest, rents and other
5.8%$247 thousand
Fines
2.6%$111 thousand

Where it goes

Water, sewer, trash and utilities63%Police, fire, courts and jails21%Parks, recreation and libraries6.1%Running the government and other costs5.9%Roads, transit and parking2.5%Interest on debt1.6%

What stands out

63%

of Belmont's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
63%$2.6 million
What's in water, sewer, trash and utilitiesGas supply; sewer systems and 2 more
  • Gas supply$1.2 million
  • Sewer systems$1.1 million
  • Water supply$255 thousand
  • Garbage and solid waste$53 thousand
Police, fire, courts and jails
21%$852 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$698 thousand
  • Fire protection$83 thousand
  • Courts and legal services$71 thousand
Parks, recreation and libraries
6.1%$251 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$251 thousand
Running the government and other costs
5.9%$241 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 2 more
  • Finance, tax collection and budgeting$71 thousand
  • Central staff services (personnel, purchasing, technology)$71 thousand
  • Government buildings$71 thousand
  • Other and not broken out$28 thousand
Roads, transit and parking
2.5%$104 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$104 thousand
Interest on debt
1.6%$67 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$60 thousand
  • Interest on general debt$7 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Belmont. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 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 Town of Belmont 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.