City government · Socorro County, NM

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

In the latest recorded fiscal year (ended June 30, 2024), Socorro took in $18.2 million and spent $17.8 million.

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

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Where it comes from

City taxes43%Fines and other33%Fees for services (gas, water)23%County and local tax money0.3%

What stands out

36%

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

City taxes43%

Sales tax
36%$6.6 million
Property tax
5.0%$903 thousand
Other taxes
2.3%$413 thousand
What's in other taxesOther selective sales taxes
  • Other selective sales taxes$413 thousand

Amounts are by Census tax category.

Fees for services23%

Fees for services
23%$4.3 million
What's in fees for servicesGas and water
  • Gas$3.4 million
  • Water$892 thousand

Amounts are by Census type of charge.

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$61 thousand

Fines and other33%

Interest, rents and other
32%$5.8 million
Fines
1.5%$277 thousand

Where it goes

Water, sewer, trash and utilities52%Police, fire, courts and jails22%Roads, transit and parking14%Running the government and other costs7.8%Parks, recreation and libraries3.2%Interest on debt1.2%

What stands out

52%

of Socorro's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
52%$9.3 million
What's in water, sewer, trash and utilitiesGas supply; water supply and 2 more
  • Gas supply$3.9 million
  • Water supply$2.5 million
  • Sewer systems$2.1 million
  • Garbage and solid waste$817 thousand
Police, fire, courts and jails
22%$3.9 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$2.0 million
  • Police$1.6 million
  • Courts and legal services$208 thousand
  • Prisons and jails$12 thousand
Roads, transit and parking
14%$2.4 million
What's in roads, transit and parkingRoads and highways; toll roads and bridges and 1 more
  • Roads and highways$2.2 million
  • Toll roads and bridges$102 thousand
  • Airports$80 thousand
Running the government and other costs
7.8%$1.4 million
What's in running the government and other costsOther and not broken out and government buildings
  • Other and not broken out$1.3 million
  • Government buildings$55 thousand
Parks, recreation and libraries
3.2%$562 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$470 thousand
  • Parks and recreation$92 thousand
Interest on debt
1.2%$217 thousand
Sources and moreWhere these numbers come from and what they cover

City of Socorro. 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 City of Socorro 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.