City government · Madison County, MS

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

In the latest recorded fiscal year (ended September 30, 2023), Canton took in $46.2 million and spent $43.8 million.

Latest recorded year: ended September 30, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, garbage collection)54%City taxes17%State tax money17%Fines and other8.6%County and local tax money3.0%Federal tax money0.9%

What stands out

54%

of Canton's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes17%

Property tax
14%$6.3 million
Other taxes
3.3%$1.5 million
What's in other taxesOther selective sales taxes; other licenses and 2 more
  • Other selective sales taxes$822 thousand
  • Other licenses$448 thousand
  • Public utility taxes$245 thousand
  • Other taxes not classified elsewhere$9 thousand

Amounts are by Census tax category.

Fees for services54%

Fees for services
54%$24.9 million
What's in fees for servicesElectric power; garbage collection and 6 more
  • Electric power$10.0 million
  • Garbage collection$4.2 million
  • Gas$4.1 million
  • Water$3.6 million
  • Sewer$2.4 million
  • Other service charges$411 thousand
  • Parks and recreation$200 thousand
  • Housing$21 thousand

Amounts are by Census type of charge.

Federal tax money0.9%

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

From the federal government
0.9%$413 thousand

State tax money17%

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

From the state
17%$7.6 million

County and local tax money3.0%

Money passed on by the county or other local governments.

From the county and other local governments
3.0%$1.4 million

Fines and other8.6%

Interest, rents and other
6.1%$2.8 million
Fines
2.5%$1.1 million

Where it goes

Water, sewer, trash and utilities60%Police, fire, courts and jails15%Running the government and other costs12%Roads, transit and parking6.5%Parks, recreation and libraries5.4%All other spending1.7%

What stands out

60%

of Canton's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
60%$26.2 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 3 more
  • Electric power$9.8 million
  • Sewer systems$6.0 million
  • Water supply$4.5 million
  • Gas supply$3.9 million
  • Garbage and solid waste$2.0 million
Police, fire, courts and jails
15%$6.4 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.8 million
  • Fire protection$2.6 million
  • Courts and legal services$1.0 million
Running the government and other costs
12%$5.3 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$2.2 million
  • Finance, tax collection and budgeting$1.0 million
  • Central staff services (personnel, purchasing, technology)$1.0 million
  • Government buildings$1.0 million
Roads, transit and parking
6.5%$2.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.9 million
Parks, recreation and libraries
5.4%$2.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.4 million
Housing and community development
1.5%$663 thousand
Environment and natural resources
0.1%$61 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$61 thousand
Interest on debt
<0.1%$39 thousand
Sources and moreWhere these numbers come from and what they cover

City of Canton. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended September 30, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Canton 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.