City government · Union County, MS

New Albany's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2023), New Albany took in $59.0 million and spent $58.2 million.

Latest recorded year: ended September 30, 2023Comes fromGoes to

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Where it comes from

Fees for services (electric power, gas)78%State tax money13%City taxes3.0%County and local tax money2.4%Fines and other2.2%Federal tax money2.0%

What stands out

78%

of New Albany'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 taxes3.0%

Property tax
2.7%$1.6 million
Other taxes
0.3%$172 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$172 thousand

Amounts are by Census tax category.

Fees for services78%

Fees for services
78%$46.0 million
What's in fees for servicesElectric power; gas and 5 more
  • Electric power$35.3 million
  • Gas$6.1 million
  • Sewer$1.7 million
  • Water$1.6 million
  • Garbage collection$913 thousand
  • Parks and recreation$239 thousand
  • Airport$65 thousand

Amounts are by Census type of charge.

Federal tax money2.0%

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

From the federal government
2.0%$1.2 million

State tax money13%

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

From the state
13%$7.4 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%$1.4 million

Fines and other2.2%

Interest, rents and other
2.0%$1.2 million
Fines
0.2%$122 thousand

Where it goes

Water, sewer, trash and utilities81%Police, fire, courts and jails8.0%Running the government and other costs3.6%Parks, recreation and libraries2.5%Roads, transit and parking2.4%All other spending2.6%

What stands out

81%

of New Albany'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
81%$47.1 million
What's in water, sewer, trash and utilitiesElectric power; gas supply and 3 more
  • Electric power$36.5 million
  • Gas supply$6.0 million
  • Water supply$1.8 million
  • Sewer systems$1.6 million
  • Garbage and solid waste$1.2 million
Police, fire, courts and jails
8.0%$4.7 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$2.7 million
  • Fire protection$1.5 million
  • Courts and legal services$318 thousand
  • Inspections and regulation$168 thousand
Running the government and other costs
3.6%$2.1 million
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$1.0 million
  • Central staff services (personnel, purchasing, technology)$563 thousand
  • Government buildings$269 thousand
  • Finance, tax collection and budgeting$255 thousand
Parks, recreation and libraries
2.5%$1.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.4 million
Roads, transit and parking
2.4%$1.4 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.2 million
  • Airports$191 thousand
Interest on debt
1.8%$1.0 million
What's in interest on debtInterest on electric power debt; interest on general debt and 2 more
  • Interest on electric power debt$652 thousand
  • Interest on general debt$220 thousand
  • Interest on gas supply debt$114 thousand
  • Interest on water supply debt$42 thousand
Sent to other local governments
0.8%$492 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$492 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Albany. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended September 30, 2023.

What this covers. The money of City of New Albany 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.