Village government · Eddy County, NM

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

In the latest recorded fiscal year (ended June 30, 2022), Loving took in $2.7 million and spent $2.4 million.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money51%Village taxes25%Fees for services (water, sewer)19%County and local tax money2.9%Fines and other2.8%

What stands out

22%

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

Village taxes25%

Sales tax
22%$602 thousand
Other taxes
1.6%$43 thousand
What's in other taxesPublic utility taxes; alcoholic beverage licenses and 1 more
  • Public utility taxes$41 thousand
  • Alcoholic beverage licenses$1 thousand
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Property tax
0.8%$21 thousand

Fees for services19%

Fees for services
19%$506 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$304 thousand
  • Sewer$99 thousand
  • Garbage collection$99 thousand
  • Other government-run businesses$4 thousand

Amounts are by Census type of charge.

State tax money51%

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

From the state
51%$1.4 million

County and local tax money2.9%

Money passed on by the county or other local governments.

From the county and other local governments
2.9%$77 thousand

Fines and other2.8%

Fines
2.0%$53 thousand
Interest, rents and other
0.9%$23 thousand

Where it goes

Police, fire, courts and jails40%Water, sewer, trash and utilities37%Running the government and other costs19%Roads, transit and parking2.3%Parks, recreation and libraries1.4%Interest on debt0.1%

What stands out

40%

of Loving'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%

Police, fire, courts and jails
40%$948 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$718 thousand
  • Fire protection$124 thousand
  • Courts and legal services$106 thousand
Water, sewer, trash and utilities
37%$888 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$383 thousand
  • Sewer systems$358 thousand
  • Garbage and solid waste$147 thousand
Running the government and other costs
19%$458 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$298 thousand
  • Central staff services (personnel, purchasing, technology)$93 thousand
  • Government buildings$67 thousand
Roads, transit and parking
2.3%$55 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$55 thousand
Parks, recreation and libraries
1.4%$33 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$33 thousand
Interest on debt
0.1%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Loving. 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 Loving 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.