Village government · Socorro County, NM

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

In the latest recorded fiscal year (ended June 30, 2022), Magdalena took in $1.9 million and spent $1.5 million.

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

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Where it comes from

Federal tax money34%Village taxes25%Fees for services (water, garbage collection)20%State tax money18%Fines and other3.2%

What stands out

34%

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

Village taxes25%

Sales tax
22%$408 thousand
Other taxes
2.4%$46 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$33 thousand
  • Other selective sales taxes$8 thousand
  • Other licenses$5 thousand

Amounts are by Census tax category.

Property tax
0.6%$11 thousand

Fees for services20%

Fees for services
20%$381 thousand
What's in fees for servicesWater; garbage collection and 2 more
  • Water$177 thousand
  • Garbage collection$105 thousand
  • Sewer$81 thousand
  • Other service charges$18 thousand

Amounts are by Census type of charge.

Federal tax money34%

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

From the federal government
34%$633 thousand

State tax money18%

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

From the state
18%$339 thousand

Fines and other3.2%

Interest, rents and other
2.3%$44 thousand
Fines
0.9%$17 thousand

Where it goes

Police, fire, courts and jails30%Roads, transit and parking30%Water, sewer, trash and utilities25%Running the government and other costs9.9%Parks, recreation and libraries4.6%All other spending1.3%

What stands out

30%

of Magdalena's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Police, fire, courts and jails
30%$464 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$390 thousand
  • Fire protection$70 thousand
  • Prisons and jails$4 thousand
Roads, transit and parking
30%$457 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$457 thousand
Water, sewer, trash and utilities
25%$382 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$152 thousand
  • Garbage and solid waste$127 thousand
  • Sewer systems$103 thousand
Running the government and other costs
9.9%$154 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$154 thousand
Parks, recreation and libraries
4.6%$72 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$62 thousand
  • Parks and recreation$10 thousand
Health and hospitals
1.1%$17 thousand
What's in health and hospitalsPublic health
  • Public health$17 thousand
Interest on debt
0.2%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Magdalena. 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 Magdalena 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.