City government · Belknap County, NH

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

In the latest recorded fiscal year (ended June 30, 2024), Laconia took in $112 million and spent $114 million.

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

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Where it comes from

City taxes51%State tax money25%Fees for services (water, sewer)18%Fines and other4.9%Federal tax money0.8%County and local tax money0.2%

What stands out

47%

of Laconia's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

City taxes51%

Property tax
47%$52.5 million
Other taxes
3.8%$4.3 million
What's in other taxesOther licenses
  • Other licenses$4.3 million

Amounts are by Census tax category.

Fees for services18%

Fees for services
18%$19.8 million
What's in fees for servicesWater; other service charges and 6 more
  • Water$6.8 million
  • Other service charges$6.5 million
  • Sewer$5.5 million
  • Airport$498 thousand
  • School tuition and transportation$201 thousand
  • School lunches$158 thousand
  • Parking$157 thousand
  • Parks and recreation$88 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%$945 thousand

State tax money25%

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

From the state
25%$28.2 million

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%$218 thousand

Fines and other4.9%

Interest, rents and other
4.9%$5.5 million
Fines
<0.1%$43 thousand

Where it goes

Schools and colleges44%Running the government and other costs19%Water, sewer, trash and utilities15%Police, fire, courts and jails14%Roads, transit and parking4.1%All other spending4.0%

What stands out

44%

of Laconia's spending goes to schools and colleges.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
44%$50.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$50.0 million
Running the government and other costs
19%$21.4 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$13.0 million
  • Central staff services (personnel, purchasing, technology)$7.3 million
  • Finance, tax collection and budgeting$1.1 million
  • Government buildings$93 thousand
Water, sewer, trash and utilities
15%$16.9 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$7.0 million
  • Water supply$6.4 million
  • Garbage and solid waste$3.5 million
Police, fire, courts and jails
14%$16.1 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$8.0 million
  • Police$7.9 million
  • Inspections and regulation$158 thousand
Roads, transit and parking
4.1%$4.7 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$3.1 million
  • Airports$1.6 million
Interest on debt
2.1%$2.4 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.3 million
  • Interest on water supply debt$88 thousand
Parks, recreation and libraries
1.7%$1.9 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$976 thousand
  • Libraries$918 thousand
Social services
0.2%$189 thousand
What's in social servicesOther public welfare
  • Other public welfare$189 thousand
Sent to other local governments
<0.1%$90 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$90 thousand
Environment and natural resources
<0.1%$3 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Laconia. 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 Laconia 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.