County government · Socorro County, NM

Socorro County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Socorro County took in $22.6 million and spent $19.3 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

County taxes32%Federal tax money29%State tax money24%Fines and other12%Local tax money2.2%Fees for services (parks and recreation)0.2%

What stands out

29%

of Socorro County's money comes from federal tax money.A typical U.S. county of under 50,000 people gets 3%.

County taxes32%

Property tax
18%$4.1 million
Sales tax
9.9%$2.2 million
Other taxes
4.2%$953 thousand
What's in other taxesMotor vehicle licenses; other selective sales taxes and 1 more
  • Motor vehicle licenses$694 thousand
  • Other selective sales taxes$256 thousand
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services0.2%

Fees for services
0.2%$49 thousand
What's in fees for servicesParks and recreation and other service charges
  • Parks and recreation$37 thousand
  • Other service charges$12 thousand

Amounts are by Census type of charge.

Federal tax money29%

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

From the federal government
29%$6.6 million

State tax money24%

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

From the state
24%$5.4 million

Local tax money2.2%

Money passed on by the county or other local governments.

From other local governments
2.2%$492 thousand

Fines and other12%

Interest, rents and other
12%$2.8 million

Where it goes

Running the government and other costs53%Police, fire, courts and jails27%Roads, transit and parking15%Interest on debt2.0%Health and hospitals1.4%All other spending1.6%

What stands out

53%

of Socorro County's spending goes to running the government and other costs.A typical U.S. county of under 50,000 people spends 23%.

Spending by category100%

Running the government and other costs
53%$10.2 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$5.0 million
  • Central staff services (personnel, purchasing, technology)$3.6 million
  • Finance, tax collection and budgeting$1.0 million
  • Government buildings$611 thousand
Police, fire, courts and jails
27%$5.2 million
What's in police, fire, courts and jailsPrisons and jails; police and 3 more
  • Prisons and jails$2.3 million
  • Police$1.7 million
  • Fire protection$922 thousand
  • Probation, parole and other corrections$147 thousand
  • Courts and legal services$32 thousand
Roads, transit and parking
15%$2.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.9 million
Interest on debt
2.0%$384 thousand
Health and hospitals
1.4%$268 thousand
What's in health and hospitalsPublic health and hospitals
  • Public health$144 thousand
  • Hospitals$124 thousand
Sent to other local governments
0.6%$114 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$95 thousand
  • Sent to the state government$19 thousand
Social services
0.4%$83 thousand
What's in social servicesOther public welfare and welfare institutions
  • Other public welfare$76 thousand
  • Welfare institutions$7 thousand
Water, sewer, trash and utilities
0.4%$83 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$83 thousand
Parks, recreation and libraries
0.2%$35 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$35 thousand
Sources and moreWhere these numbers come from and what they cover

Socorro County. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of Socorro County 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.