City government · Sierra County, NM

Truth Or Consequences's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Truth Or Consequences took in $64.9 million and spent $63.7 million.

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

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Where it comes from

Fees for services (hospital bills, electric power)73%City taxes11%State tax money9.0%County and local tax money3.3%Fines and other2.0%Federal tax money1.4%

What stands out

9.5%

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

City taxes11%

Sales tax
9.5%$6.1 million
Other taxes
1.0%$673 thousand
What's in other taxesOther selective sales taxes; motor vehicle licenses and 1 more
  • Other selective sales taxes$543 thousand
  • Motor vehicle licenses$125 thousand
  • Other licenses$5 thousand

Amounts are by Census tax category.

Property tax
0.6%$409 thousand

Fees for services73%

Fees for services
73%$47.4 million
What's in fees for servicesHospital bills; electric power and 8 more
  • Hospital bills$35.4 million
  • Electric power$6.8 million
  • Garbage collection$2.1 million
  • Sewer$1.3 million
  • Water$968 thousand
  • Other service charges$331 thousand
  • Housing$303 thousand
  • Airport$204 thousand
  • Parks and recreation$20 thousand
  • Other government-run businesses$13 thousand

Amounts are by Census type of charge.

Federal tax money1.4%

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

From the federal government
1.4%$923 thousand

State tax money9.0%

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

From the state
9.0%$5.9 million

County and local tax money3.3%

Money passed on by the county or other local governments.

From the county and other local governments
3.3%$2.1 million

Fines and other2.0%

Interest, rents and other
1.2%$793 thousand
Fines
0.8%$514 thousand

Where it goes

Health and hospitals62%Water, sewer, trash and utilities16%Running the government and other costs5.9%Police, fire, courts and jails5.4%Roads, transit and parking3.5%All other spending6.7%

What stands out

62%

of Truth Or Consequences' spending goes to health services and hospitals.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Health and hospitals
62%$39.6 million
What's in health and hospitalsHospitals
  • Hospitals$39.6 million
Water, sewer, trash and utilities
16%$10.4 million
What's in water, sewer, trash and utilitiesElectric power; garbage and solid waste and 2 more
  • Electric power$6.4 million
  • Garbage and solid waste$1.9 million
  • Sewer systems$1.1 million
  • Water supply$979 thousand
Running the government and other costs
5.9%$3.7 million
What's in running the government and other costsOther and not broken out; government buildings and 3 more
  • Other and not broken out$1.3 million
  • Government buildings$1.0 million
  • Finance, tax collection and budgeting$781 thousand
  • Central staff services (personnel, purchasing, technology)$636 thousand
  • Other government-run businesses$13 thousand
Police, fire, courts and jails
5.4%$3.5 million
What's in police, fire, courts and jailsPolice; courts and legal services and 3 more
  • Police$2.3 million
  • Courts and legal services$462 thousand
  • Inspections and regulation$388 thousand
  • Fire protection$264 thousand
  • Prisons and jails$73 thousand
Roads, transit and parking
3.5%$2.3 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.7 million
  • Airports$510 thousand
Interest on debt
3.3%$2.1 million
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$1.8 million
  • Interest on water supply debt$188 thousand
  • Interest on electric power debt$112 thousand
Housing and community development
1.7%$1.1 million
Parks, recreation and libraries
1.7%$1.1 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$748 thousand
  • Libraries$318 thousand
Sources and moreWhere these numbers come from and what they cover

City of Truth Or Consequences. 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 City of Truth Or Consequences 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.