City government · Lea County, NM

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

In the latest recorded fiscal year (ended June 30, 2024), Lovington took in $27.2 million and spent $24.6 million.

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

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Where it comes from

State tax money32%Fees for services (water, garbage collection)31%City taxes26%Fines and other5.9%County and local tax money5.4%Federal tax money0.1%

What stands out

23%

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

City taxes26%

Sales tax
23%$6.2 million
Property tax
1.9%$528 thousand
Other taxes
0.7%$190 thousand
What's in other taxesOther licenses; motor vehicle licenses and 2 more
  • Other licenses$100 thousand
  • Motor vehicle licenses$72 thousand
  • Other selective sales taxes$17 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services31%

Fees for services
31%$8.4 million
What's in fees for servicesWater; garbage collection and 2 more
  • Water$3.0 million
  • Garbage collection$2.7 million
  • Sewer$2.2 million
  • Other service charges$565 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$30 thousand

State tax money32%

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

From the state
32%$8.8 million

County and local tax money5.4%

Money passed on by the county or other local governments.

From the county and other local governments
5.4%$1.5 million

Fines and other5.9%

Interest, rents and other
5.9%$1.6 million
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities26%Running the government and other costs24%Police, fire, courts and jails23%Roads, transit and parking11%Health and hospitals7.3%All other spending8.9%

What stands out

7.3%

of Lovington's spending goes to health services and hospitals.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
26%$6.3 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; water supply and 1 more
  • Garbage and solid waste$2.4 million
  • Water supply$2.3 million
  • Sewer systems$1.6 million
Running the government and other costs
24%$5.9 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$4.9 million
  • Finance, tax collection and budgeting$743 thousand
  • Central staff services (personnel, purchasing, technology)$276 thousand
  • Government buildings$6 thousand
Police, fire, courts and jails
23%$5.6 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$3.4 million
  • Fire protection$2.0 million
  • Courts and legal services$170 thousand
  • Prisons and jails$1 thousand
Roads, transit and parking
11%$2.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.8 million
Health and hospitals
7.3%$1.8 million
What's in health and hospitalsPublic health
  • Public health$1.8 million
Parks, recreation and libraries
4.7%$1.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$767 thousand
  • Libraries$391 thousand
Interest on debt
4.2%$1.0 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$696 thousand
  • Interest on water supply debt$342 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lovington. 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 Lovington 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.