Town government · Smith County, MS

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

In the latest recorded fiscal year (ended September 30, 2021), Polkville took in $638 thousand and spent $134 thousand.

Latest recorded year: ended September 30, 2021Comes fromGoes to

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Where it comes from

State tax money71%Fees for services (water)27%County and local tax money1.3%Federal tax money0.8%

What stands out

71%

of Polkville's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Fees for services27%

Fees for services
27%$175 thousand
What's in fees for servicesWater
  • Water$175 thousand

Amounts are by Census type of charge.

Federal tax money0.8%

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

From the federal government
0.8%$5 thousand

State tax money71%

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

From the state
71%$450 thousand

County and local tax money1.3%

Money passed on by the county or other local governments.

From the county and other local governments
1.3%$8 thousand

Where it goes

Police, fire, courts and jails68%Running the government and other costs22%Interest on debt8.2%Parks, recreation and libraries1.5%

What stands out

68%

of Polkville's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
68%$91 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$53 thousand
  • Fire protection$25 thousand
  • Courts and legal services$13 thousand
Running the government and other costs
22%$30 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$30 thousand
Interest on debt
8.2%$11 thousand
Parks, recreation and libraries
1.5%$2 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Polkville. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Polkville 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.