City government · New Madrid County, MO

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

In the latest recorded fiscal year (ended December 31, 2023), New Madrid took in $9.2 million and spent $4.2 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Fees for services (electric power, water)71%City taxes15%Fines and other10%State tax money4.2%

What stands out

9.2%

of New Madrid's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes15%

Sales tax
9.2%$848 thousand
Other taxes
3.2%$297 thousand
What's in other taxesPublic utility taxes; motor vehicle licenses and 1 more
  • Public utility taxes$282 thousand
  • Motor vehicle licenses$13 thousand
  • Occupation and business licenses$2 thousand

Amounts are by Census tax category.

Property tax
2.3%$209 thousand

Fees for services71%

Fees for services
71%$6.5 million
What's in fees for servicesElectric power; water and 4 more
  • Electric power$5.3 million
  • Water$550 thousand
  • Sewer$364 thousand
  • Garbage collection$285 thousand
  • Other government-run businesses$19 thousand
  • Transit fares$9 thousand

Amounts are by Census type of charge.

State tax money4.2%

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

From the state
4.2%$383 thousand

Fines and other10%

Interest, rents and other
10%$948 thousand
Fines
<0.1%$7 thousand

Where it goes

Water, sewer, trash and utilities70%Running the government and other costs21%Roads, transit and parking4.2%Environment and natural resources3.3%Police, fire, courts and jails2.0%

What stands out

70%

of New Madrid'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
70%$2.9 million
What's in water, sewer, trash and utilitiesElectric power
  • Electric power$2.9 million
Running the government and other costs
21%$862 thousand
What's in running the government and other costsOther and not broken out; government buildings and 1 more
  • Other and not broken out$855 thousand
  • Government buildings$5 thousand
  • Other government-run businesses$2 thousand
Roads, transit and parking
4.2%$176 thousand
What's in roads, transit and parkingPublic transit
  • Public transit$176 thousand
Environment and natural resources
3.3%$138 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$138 thousand
Police, fire, courts and jails
2.0%$85 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$49 thousand
  • Courts and legal services$36 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Madrid. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

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