City government · Franklin County, OH

New Albany's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), New Albany took in $107 million and spent $57.2 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fines and other53%City taxes40%State tax money6.0%Fees for services (parks and recreation)1.0%

What stands out

37%

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

City taxes40%

Individual income tax
37%$40.0 million
Property tax
1.6%$1.7 million
Other taxes
0.7%$770 thousand
What's in other taxesOther licenses and motor vehicle licenses
  • Other licenses$664 thousand
  • Motor vehicle licenses$106 thousand

Amounts are by Census tax category.

Fees for services1.0%

Fees for services
1.0%$1.0 million
What's in fees for servicesOther service charges and parks and recreation
  • Other service charges$1.0 million
  • Parks and recreation$24 thousand

Amounts are by Census type of charge.

State tax money6.0%

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

From the state
6.0%$6.4 million

Fines and other53%

Interest, rents and other
53%$56.6 million
Fines
0.4%$456 thousand

Where it goes

Running the government and other costs75%Police, fire, courts and jails9.8%Roads, transit and parking8.3%Housing and community development5.4%Interest on debt1.4%

What stands out

75%

of New Albany'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%

Running the government and other costs
75%$42.9 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$34.7 million
  • Finance, tax collection and budgeting$5.2 million
  • Central staff services (personnel, purchasing, technology)$2.4 million
  • Government buildings$702 thousand
Police, fire, courts and jails
9.8%$5.6 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$5.3 million
  • Courts and legal services$372 thousand
Roads, transit and parking
8.3%$4.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.8 million
Housing and community development
5.4%$3.1 million
Interest on debt
1.4%$782 thousand
Parks, recreation and libraries
<0.1%$27 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$27 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Albany. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of New Albany 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.