City government · Cuyahoga County, OH

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

In the latest recorded fiscal year (ended December 31, 2023), Beachwood took in $45.6 million and spent $42.9 million.

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

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Where it comes from

City taxes94%Fines and other2.2%Fees for services (parks and recreation)2.2%Federal tax money0.7%State tax money0.5%County and local tax money0.2%

What stands out

77%

of Beachwood's money comes from business income taxes.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes94%

Business income tax
77%$35.3 million
Individual income tax
7.0%$3.2 million
Property tax
6.8%$3.1 million
Other taxes
2.8%$1.3 million
What's in other taxesOccupation and business licenses; public utility licenses and 2 more
  • Occupation and business licenses$1.1 million
  • Public utility licenses$117 thousand
  • Motor fuel taxes$46 thousand
  • Alcoholic beverage taxes$33 thousand

Amounts are by Census tax category.

Sales tax
0.4%$176 thousand

Fees for services2.2%

Fees for services
2.2%$987 thousand
What's in fees for servicesParks and recreation and other government-run businesses
  • Parks and recreation$972 thousand
  • Other government-run businesses$15 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government
0.7%$300 thousand

State tax money0.5%

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

From the state
0.5%$249 thousand

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$86 thousand

Fines and other2.2%

Interest, rents and other
1.8%$800 thousand
Fines
0.4%$189 thousand

Where it goes

Police, fire, courts and jails53%Water, sewer, trash and utilities27%Parks, recreation and libraries10%Running the government and other costs9.5%Interest on debt0.9%

What stands out

53%

of Beachwood's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
53%$22.5 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$11.5 million
  • Fire protection$9.0 million
  • Inspections and regulation$1.3 million
  • Courts and legal services$675 thousand
Water, sewer, trash and utilities
27%$11.5 million
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$9.8 million
  • Sewer systems$1.6 million
Parks, recreation and libraries
10%$4.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4.4 million
Running the government and other costs
9.5%$4.1 million
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$3.1 million
  • Central staff services (personnel, purchasing, technology)$990 thousand
Interest on debt
0.9%$383 thousand
Sources and moreWhere these numbers come from and what they cover

City of Beachwood. 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 Beachwood 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.