Town government · Alcorn County, MS

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

In the latest recorded fiscal year (ended September 30, 2021), Farmington took in $588 thousand and spent $442 thousand.

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

See every government that serves your ZIP

Where it comes from

Fines and other43%Town taxes40%State tax money16%Federal tax money2.2%

What stands out

31%

of Farmington's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Town taxes40%

Property tax
38%$225 thousand
Other taxes
1.4%$8 thousand
What's in other taxesMotor fuel taxes
  • Motor fuel taxes$8 thousand

Amounts are by Census tax category.

Federal tax money2.2%

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

From the federal government
2.2%$13 thousand

State tax money16%

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

From the state
16%$92 thousand

Fines and other43%

Interest, rents and other
31%$182 thousand
Fines
12%$68 thousand

Where it goes

Running the government and other costs24%Police, fire, courts and jails22%Sent to other local governments21%Water, sewer, trash and utilities18%Interest on debt15%

What stands out

21%

of Farmington's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
24%$105 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and government buildings
  • Central staff services (personnel, purchasing, technology)$98 thousand
  • Government buildings$7 thousand
Police, fire, courts and jails
22%$96 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$89 thousand
  • Courts and legal services$7 thousand
Sent to other local governments
21%$95 thousand
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$95 thousand
Water, sewer, trash and utilities
18%$80 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$80 thousand
Interest on debt
15%$66 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Farmington. 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 Farmington 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.