Town government · Grant County, NM

Silver City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Silver City took in $28.7 million and spent $23.1 million.

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

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Where it comes from

Town taxes65%Fees for services (water, garbage collection)33%Fines and other1.7%State tax money0.4%

What stands out

59%

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

Town taxes65%

Sales tax
59%$16.8 million
Other taxes
3.4%$979 thousand
What's in other taxesOther taxes not classified elsewhere; public utility taxes and 3 more
  • Other taxes not classified elsewhere$416 thousand
  • Public utility taxes$388 thousand
  • Motor vehicle licenses$75 thousand
  • Public utility licenses$54 thousand
  • Occupation and business licenses$46 thousand

Amounts are by Census tax category.

Property tax
2.7%$762 thousand

Fees for services33%

Fees for services
33%$9.6 million
What's in fees for servicesWater; garbage collection and 3 more
  • Water$4.3 million
  • Garbage collection$2.8 million
  • Sewer$1.6 million
  • Parks and recreation$775 thousand
  • Other government-run businesses$27 thousand

Amounts are by Census type of charge.

State tax money0.4%

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

From the state
0.4%$113 thousand

Fines and other1.7%

Interest, rents and other
1.6%$470 thousand
Fines
<0.1%$13 thousand

Where it goes

Police, fire, courts and jails40%Water, sewer, trash and utilities24%Running the government and other costs17%Parks, recreation and libraries14%Interest on debt2.7%All other spending3.0%

What stands out

40%

of Silver City'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%$9.2 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$6.0 million
  • Fire protection$3.0 million
  • Courts and legal services$178 thousand
Water, sewer, trash and utilities
24%$5.5 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; water supply and 1 more
  • Garbage and solid waste$2.8 million
  • Water supply$1.4 million
  • Sewer systems$1.3 million
Running the government and other costs
17%$4.0 million
What's in running the government and other costsGovernment buildings; central staff services (personnel, purchasing, technology) and 1 more
  • Government buildings$3.1 million
  • Central staff services (personnel, purchasing, technology)$563 thousand
  • Finance, tax collection and budgeting$269 thousand
Parks, recreation and libraries
14%$3.1 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.5 million
  • Libraries$616 thousand
Interest on debt
2.7%$633 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$610 thousand
  • Interest on water supply debt$23 thousand
Roads, transit and parking
1.9%$435 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$435 thousand
Housing and community development
1.1%$264 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Silver City. 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 Town of Silver City 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.