Village government · Union County, NM
Folsom's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2022), Folsom took in $667 thousand and spent $286 thousand.
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Where it comes from
What stands out
of Folsom's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.
Village taxes1.0%
State tax money97%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other2.2%
Where it goes
What stands out
of Folsom'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%
What's in police, fire, courts and jailsFire protection; police and 1 more
- Fire protection$106 thousand
- Police$17 thousand
- Courts and legal services$2 thousand
What's in running the government and other costsFinance, tax collection and budgeting
- Finance, tax collection and budgeting$94 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$67 thousand
Sources and moreWhere these numbers come from and what they cover
Village of Folsom. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. 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 Village of Folsom 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.