City government · Summit County, OH

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

In the latest recorded fiscal year (ended December 31, 2023), Akron took in $615 million and spent $478 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

City taxes49%Fees for services (sewer, water)21%Fines and other11%State tax money11%County and local tax money8.7%

What stands out

37%

of Akron's money comes from a personal income tax.Most U.S. cities of 50,000+ people get none.

City taxes49%

Individual income tax
37%$230 million
Property tax
7.8%$48.2 million
Other taxes
3.5%$21.2 million
What's in other taxesOther licenses
  • Other licenses$21.2 million

Amounts are by Census tax category.

Fees for services21%

Fees for services
21%$128 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$89.5 million
  • Water$33.2 million
  • Other service charges$2.3 million
  • Parks and recreation$2.2 million
  • Parking$779 thousand
  • Airport$260 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$66.0 million

County and local tax money8.7%

Money passed on by the county or other local governments.

From the county and other local governments
8.7%$53.2 million

Fines and other11%

Interest, rents and other
11%$67.7 million

Where it goes

Water, sewer, trash and utilities28%Police, fire, courts and jails26%Housing and community development18%Running the government and other costs16%Interest on debt7.2%All other spending4.9%

What stands out

18%

of Akron's spending goes to housing and community development.A typical U.S. city of 50,000+ people spends 1.4%.

Spending by category100%

Water, sewer, trash and utilities
28%$132 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$65.5 million
  • Water supply$38.7 million
  • Garbage and solid waste$27.7 million
Police, fire, courts and jails
26%$125 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$62.8 million
  • Fire protection$44.3 million
  • Courts and legal services$17.7 million
  • Inspections and regulation$166 thousand
Housing and community development
18%$85.3 million
Running the government and other costs
16%$78.1 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$66.3 million
  • Finance, tax collection and budgeting$7.5 million
  • Central staff services (personnel, purchasing, technology)$4.3 million
Interest on debt
7.2%$34.6 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$33.7 million
  • Interest on water supply debt$927 thousand
Parks, recreation and libraries
3.4%$16.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$16.2 million
Health and hospitals
0.9%$4.1 million
What's in health and hospitalsPublic health
  • Public health$4.1 million
Roads, transit and parking
0.6%$2.9 million
What's in roads, transit and parkingParking
  • Parking$2.9 million
Sources and moreWhere these numbers come from and what they cover

City of Akron. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Akron 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.