Village government · Lincoln County, NM

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

In the latest recorded fiscal year (ended June 30, 2022), Corona took in $1.2 million and spent $248 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Federal tax money48%Fees for services (gas, water)21%State tax money17%Village taxes14%

What stands out

48%

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

Village taxes14%

Sales tax
12%$139 thousand
Property tax
1.6%$19 thousand
Other taxes
0.9%$11 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$11 thousand

Amounts are by Census tax category.

Fees for services21%

Fees for services
21%$251 thousand
What's in fees for servicesGas; water and 2 more
  • Gas$90 thousand
  • Water$73 thousand
  • Garbage collection$47 thousand
  • Sewer$41 thousand

Amounts are by Census type of charge.

Federal tax money48%

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

From the federal government
48%$558 thousand

State tax money17%

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

From the state
17%$196 thousand

Where it goes

The Census record for this side looks incomplete, so these figures may be lower than the government's own totals.

Water, sewer, trash and utilities52%Running the government and other costs30%Parks, recreation and libraries13%Roads, transit and parking5.6%

Spending by category100%

Water, sewer, trash and utilities
52%$129 thousand
What's in water, sewer, trash and utilitiesGas supply; water supply and 2 more
  • Gas supply$92 thousand
  • Water supply$17 thousand
  • Garbage and solid waste$11 thousand
  • Sewer systems$9 thousand
Running the government and other costs
30%$74 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$74 thousand
Parks, recreation and libraries
13%$31 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$31 thousand
Roads, transit and parking
5.6%$14 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$14 thousand
Sources and moreWhere these numbers come from and what they cover

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

What this covers. The money of Village of Corona 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.