County government · Torrance County, NM

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

In the latest recorded fiscal year (ended June 30, 2024), Torrance County took in $44.3 million and spent $45.1 million.

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

See every government that serves your ZIP

Where it comes from

Federal tax money51%County taxes24%Local tax money9.8%State tax money9.2%Fines and other5.5%Fees for services (parks, land and natural resources)<0.1%

What stands out

51%

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

County taxes24%

Property tax
15%$6.5 million
Sales tax
9.2%$4.1 million
Other taxes
0.1%$66 thousand
What's in other taxesOther licenses; occupation and business licenses and 1 more
  • Other licenses$49 thousand
  • Occupation and business licenses$16 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services<0.1%

Fees for services
<0.1%$30 thousand
What's in fees for servicesOther service charges and parks, land and natural resources
  • Other service charges$28 thousand
  • Parks, land and natural resources$2 thousand

Amounts are by Census type of charge.

Federal tax money51%

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

From the federal government
51%$22.8 million

State tax money9.2%

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

From the state
9.2%$4.1 million

Local tax money9.8%

Money passed on by the county or other local governments.

From other local governments
9.8%$4.4 million

Fines and other5.5%

Interest, rents and other
5.4%$2.4 million
Fines
<0.1%$39 thousand

Where it goes

Police, fire, courts and jails70%Running the government and other costs20%Roads, transit and parking5.6%Social services2.9%Water, sewer, trash and utilities0.5%All other spending0.9%

What stands out

70%

of Torrance County's spending goes to police, fire, courts and jails.A typical U.S. county of under 50,000 people spends 20%.

Spending by category100%

Police, fire, courts and jails
70%$31.7 million
What's in police, fire, courts and jailsPrisons and jails; police and 2 more
  • Prisons and jails$24.3 million
  • Police$4.4 million
  • Fire protection$2.6 million
  • Courts and legal services$380 thousand
Running the government and other costs
20%$8.9 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$3.8 million
  • Central staff services (personnel, purchasing, technology)$3.2 million
  • Finance, tax collection and budgeting$1.7 million
  • Government buildings$248 thousand
Roads, transit and parking
5.6%$2.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.5 million
Social services
2.9%$1.3 million
What's in social servicesOther public welfare
  • Other public welfare$1.3 million
Water, sewer, trash and utilities
0.5%$244 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and water supply
  • Garbage and solid waste$162 thousand
  • Water supply$82 thousand
Environment and natural resources
0.5%$211 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$211 thousand
Health and hospitals
0.3%$149 thousand
What's in health and hospitalsPublic health
  • Public health$149 thousand
Interest on debt
<0.1%$29 thousand
Sources and moreWhere these numbers come from and what they cover

Torrance 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 Torrance 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.