Village government · Torrance County, NM

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

In the latest recorded fiscal year (ended June 30, 2024), Willard took in $381 thousand and spent $308 thousand.

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

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Where it comes from

Fees for services (water, sewer)39%County and local tax money35%Village taxes19%Fines and other4.7%Federal tax money2.6%

What stands out

35%

of Willard's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Village taxes19%

Property tax
7.6%$29 thousand
Other taxes
7.3%$28 thousand
What's in other taxesOther taxes not classified elsewhere; other licenses and 1 more
  • Other taxes not classified elsewhere$14 thousand
  • Other licenses$13 thousand
  • Other selective sales taxes$1 thousand

Amounts are by Census tax category.

Sales tax
3.9%$15 thousand

Fees for services39%

Fees for services
39%$147 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$88 thousand
  • Sewer$32 thousand
  • Garbage collection$27 thousand

Amounts are by Census type of charge.

Federal tax money2.6%

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

From the federal government
2.6%$10 thousand

County and local tax money35%

Money passed on by the county or other local governments.

From the county and other local governments
35%$134 thousand

Fines and other4.7%

Interest, rents and other
4.7%$18 thousand

Where it goes

Running the government and other costs47%Water, sewer, trash and utilities35%Roads, transit and parking17%Sent to other local governments0.6%

What stands out

47%

of Willard's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
47%$145 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$140 thousand
  • Finance, tax collection and budgeting$5 thousand
Water, sewer, trash and utilities
35%$109 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$50 thousand
  • Sewer systems$49 thousand
  • Garbage and solid waste$10 thousand
Roads, transit and parking
17%$52 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$52 thousand
Sent to other local governments
0.6%$2 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$2 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Willard. 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 Village of Willard 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.