Village government · Miami County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), Covington took in $4.3 million and spent $4.4 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Village taxes43%Fees for services (water, sewer)42%State tax money9.0%Fines and other3.3%Federal tax money3.3%

What stands out

29%

of Covington's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Village taxes43%

Individual income tax
29%$1.2 million
Property tax
8.8%$381 thousand
Business income tax
4.5%$196 thousand
Other taxes
0.7%$29 thousand
What's in other taxesOther licenses; motor vehicle licenses and 1 more
  • Other licenses$18 thousand
  • Motor vehicle licenses$7 thousand
  • Occupation and business licenses$4 thousand

Amounts are by Census tax category.

Fees for services42%

Fees for services
42%$1.8 million
What's in fees for servicesWater; sewer and 1 more
  • Water$938 thousand
  • Sewer$577 thousand
  • Garbage collection$296 thousand

Amounts are by Census type of charge.

Federal tax money3.3%

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

From the federal government
3.3%$142 thousand

State tax money9.0%

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

From the state
9.0%$391 thousand

Fines and other3.3%

Interest, rents and other
3.2%$138 thousand
Fines
0.1%$6 thousand

Where it goes

Water, sewer, trash and utilities38%Roads, transit and parking25%Police, fire, courts and jails21%Running the government and other costs10%Parks, recreation and libraries2.8%Interest on debt2.8%

What stands out

25%

of Covington's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
38%$1.7 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$1.0 million
  • Sewer systems$409 thousand
  • Garbage and solid waste$232 thousand
Roads, transit and parking
25%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Police, fire, courts and jails
21%$903 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$655 thousand
  • Fire protection$248 thousand
Running the government and other costs
10%$457 thousand
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$425 thousand
  • Central staff services (personnel, purchasing, technology)$32 thousand
Parks, recreation and libraries
2.8%$123 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$123 thousand
Interest on debt
2.8%$121 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$68 thousand
  • Interest on water supply debt$53 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Covington. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Covington 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.