Village government · Lorain County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), Kipton took in $86 thousand and spent $128 thousand.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Village taxes65%Fees for services27%State tax money8.1%

What stands out

29%

of Kipton's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Village taxes65%

Property tax
36%$31 thousand
Other taxes
29%$25 thousand
What's in other taxesOther licenses
  • Other licenses$25 thousand

Amounts are by Census tax category.

Fees for services27%

Fees for services
27%$23 thousand
What's in fees for servicesOther service charges
  • Other service charges$23 thousand

Amounts are by Census type of charge.

State tax money8.1%

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

From the state
8.1%$7 thousand

Where it goes

Running the government and other costs69%Police, fire, courts and jails13%Parks, recreation and libraries12%Roads, transit and parking5.5%Interest on debt0.8%

What stands out

69%

of Kipton'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
69%$88 thousand
What's in running the government and other costsFinance, tax collection and budgeting and other and not broken out
  • Finance, tax collection and budgeting$55 thousand
  • Other and not broken out$33 thousand
Police, fire, courts and jails
13%$17 thousand
What's in police, fire, courts and jailsPolice
  • Police$17 thousand
Parks, recreation and libraries
12%$15 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$15 thousand
Roads, transit and parking
5.5%$7 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$7 thousand
Interest on debt
0.8%$1 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Kipton. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Kipton 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.