Village government · Madison County, OH

Mount Sterling's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Mount Sterling took in $2.8 million and spent $3.6 million.

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

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Where it comes from

Fees for services (sewer, water)51%Village taxes47%State tax money1.5%Fines and other1.2%

What stands out

38%

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

Village taxes47%

Individual income tax
38%$1.1 million
Other taxes
5.9%$167 thousand
What's in other taxesOther licenses
  • Other licenses$167 thousand

Amounts are by Census tax category.

Property tax
3.0%$84 thousand

Fees for services51%

Fees for services
51%$1.4 million
What's in fees for servicesSewer; water and 1 more
  • Sewer$1.1 million
  • Water$307 thousand
  • Other service charges$39 thousand

Amounts are by Census type of charge.

State tax money1.5%

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

From the state
1.5%$41 thousand

Fines and other1.2%

Interest, rents and other
1.2%$34 thousand

Where it goes

Water, sewer, trash and utilities29%Police, fire, courts and jails28%Running the government and other costs15%Interest on debt14%Sent to other local governments9.2%All other spending5.6%

What stands out

14%

of Mount Sterling's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
29%$1.0 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$911 thousand
  • Water supply$115 thousand
Police, fire, courts and jails
28%$989 thousand
What's in police, fire, courts and jailsPolice
  • Police$989 thousand
Running the government and other costs
15%$544 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$437 thousand
  • Other and not broken out$107 thousand
Interest on debt
14%$484 thousand
Sent to other local governments
9.2%$328 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$328 thousand
Roads, transit and parking
3.6%$127 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$127 thousand
Parks, recreation and libraries
2.0%$72 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$72 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Mount Sterling. 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 Mount Sterling 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.