City government · Lincoln County, MO

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

In the latest recorded fiscal year (ended June 30, 2024), Troy took in $19.5 million and spent $18.6 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

City taxes48%Fees for services (sewer, water)38%Fines and other10%State tax money3.6%

What stands out

39%

of Troy's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes48%

Sales tax
39%$7.6 million
Other taxes
6.0%$1.2 million
What's in other taxesPublic utility taxes; occupation and business licenses and 3 more
  • Public utility taxes$784 thousand
  • Occupation and business licenses$170 thousand
  • Other selective sales taxes$165 thousand
  • Tobacco taxes$45 thousand
  • Alcoholic beverage licenses$8 thousand

Amounts are by Census tax category.

Property tax
2.3%$457 thousand

Fees for services38%

Fees for services
38%$7.5 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$3.9 million
  • Water$2.4 million
  • Garbage collection$1.0 million
  • Parks and recreation$132 thousand
  • Other government-run businesses$30 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$4 thousand

State tax money3.6%

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

From the state
3.6%$701 thousand

Fines and other10%

Interest, rents and other
9.7%$1.9 million
Fines
0.7%$145 thousand

Where it goes

Water, sewer, trash and utilities44%Police, fire, courts and jails24%Roads, transit and parking16%Running the government and other costs5.9%Parks, recreation and libraries5.3%All other spending4.7%

What stands out

44%

of Troy's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
44%$8.2 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$4.7 million
  • Water supply$2.5 million
  • Garbage and solid waste$1.0 million
Police, fire, courts and jails
24%$4.4 million
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$4.1 million
  • Courts and legal services$193 thousand
  • Inspections and regulation$175 thousand
Roads, transit and parking
16%$3.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.0 million
Running the government and other costs
5.9%$1.1 million
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 3 more
  • Finance, tax collection and budgeting$738 thousand
  • Government buildings$271 thousand
  • Central staff services (personnel, purchasing, technology)$46 thousand
  • Other government-run businesses$46 thousand
  • Other and not broken out$3 thousand
Parks, recreation and libraries
5.3%$980 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$980 thousand
Interest on debt
3.9%$726 thousand
Environment and natural resources
0.7%$135 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$135 thousand
Health and hospitals
0.1%$21 thousand
What's in health and hospitalsPublic health
  • Public health$21 thousand
Sources and moreWhere these numbers come from and what they cover

City of Troy. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Troy 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.