Town government · Pontotoc County, MS

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

In the latest recorded fiscal year (ended September 30, 2021), Sherman took in $888 thousand and spent $873 thousand.

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 (water, sewer)36%State tax money26%Town taxes24%Fines and other14%County and local tax money0.2%

What stands out

12%

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

Town taxes24%

Property tax
23%$200 thousand
Other taxes
1.6%$14 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$9 thousand
  • Public utility taxes$5 thousand

Amounts are by Census tax category.

Fees for services36%

Fees for services
36%$316 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$154 thousand
  • Sewer$149 thousand
  • Parks and recreation$13 thousand

Amounts are by Census type of charge.

State tax money26%

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

From the state
26%$232 thousand

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$2 thousand

Fines and other14%

Fines
12%$104 thousand
Interest, rents and other
2.3%$20 thousand

Where it goes

Police, fire, courts and jails43%Water, sewer, trash and utilities25%Running the government and other costs16%Roads, transit and parking11%Parks, recreation and libraries3.0%Interest on debt1.5%

What stands out

43%

of Sherman'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
43%$379 thousand
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$277 thousand
  • Courts and legal services$80 thousand
  • Fire protection$22 thousand
Water, sewer, trash and utilities
25%$215 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$113 thousand
  • Water supply$102 thousand
Running the government and other costs
16%$144 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$48 thousand
  • Central staff services (personnel, purchasing, technology)$48 thousand
  • Government buildings$48 thousand
Roads, transit and parking
11%$96 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$96 thousand
Parks, recreation and libraries
3.0%$26 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$23 thousand
  • Libraries$3 thousand
Interest on debt
1.5%$13 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Sherman. 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 Sherman 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.