City government · Cuyahoga County, OH

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

In the latest recorded fiscal year (ended December 31, 2023), Lakewood took in $112 million and spent $136 million.

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

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Where it comes from

City taxes51%Fees for services (sewer, water)26%State tax money12%Fines and other6.5%Federal tax money3.1%County and local tax money1.0%

What stands out

27%

of Lakewood's money comes from a personal income tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes51%

Individual income tax
27%$30.2 million
Property tax
21%$23.1 million
Business income tax
1.7%$1.9 million
Other taxes
1.6%$1.8 million
What's in other taxesOther licenses; occupation and business licenses and 1 more
  • Other licenses$1.7 million
  • Occupation and business licenses$63 thousand
  • Other selective sales taxes$14 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$29.4 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$14.4 million
  • Water$12.4 million
  • Other service charges$1.7 million
  • Parking$725 thousand
  • Parks and recreation$204 thousand
  • Garbage collection$40 thousand

Amounts are by Census type of charge.

Federal tax money3.1%

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

From the federal government
3.1%$3.4 million

State tax money12%

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

From the state
12%$13.4 million

County and local tax money1.0%

Money passed on by the county or other local governments.

From the county and other local governments
1.0%$1.1 million

Fines and other6.5%

Interest, rents and other
5.2%$5.8 million
Fines
1.3%$1.5 million

Where it goes

Water, sewer, trash and utilities31%Running the government and other costs26%Police, fire, courts and jails22%Parks, recreation and libraries8.1%Roads, transit and parking5.6%All other spending7.0%

What stands out

26%

of Lakewood's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Water, sewer, trash and utilities
31%$41.8 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$17.4 million
  • Water supply$15.4 million
  • Garbage and solid waste$9.0 million
Running the government and other costs
26%$36.0 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$22.5 million
  • Central staff services (personnel, purchasing, technology)$10.8 million
  • Finance, tax collection and budgeting$2.7 million
Police, fire, courts and jails
22%$30.3 million
What's in police, fire, courts and jailsPolice; fire protection and 3 more
  • Police$14.4 million
  • Fire protection$11.9 million
  • Courts and legal services$2.6 million
  • Inspections and regulation$1.4 million
  • Probation, parole and other corrections$12 thousand
Parks, recreation and libraries
8.1%$11.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$11.1 million
Roads, transit and parking
5.6%$7.7 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$7.1 million
  • Parking$540 thousand
Social services
1.9%$2.6 million
What's in social servicesOther public welfare
  • Other public welfare$2.6 million
Interest on debt
1.9%$2.6 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.0 million
  • Interest on water supply debt$589 thousand
Sent to other local governments
1.7%$2.3 million
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$2.3 million
Housing and community development
1.1%$1.4 million
Environment and natural resources
0.3%$351 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$351 thousand
Health and hospitals
0.2%$236 thousand
What's in health and hospitalsPublic health
  • Public health$236 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lakewood. 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 Lakewood 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.