City government · Summit County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), New Franklin took in $11.9 million and spent $11.7 million.

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

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Where it comes from

City taxes75%Fines and other12%Federal tax money7.1%Fees for services (parks and recreation)3.0%County and local tax money1.3%State tax money1.0%

What stands out

25%

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

City taxes75%

Property tax
31%$3.7 million
Individual income tax
25%$3.0 million
Other taxes
15%$1.7 million
What's in other taxesMotor fuel taxes; other taxes not classified elsewhere and 5 more
  • Motor fuel taxes$912 thousand
  • Other taxes not classified elsewhere$459 thousand
  • Other licenses$130 thousand
  • Motor vehicle licenses$128 thousand
  • Public utility licenses$97 thousand
  • Alcoholic beverage licenses$15 thousand
  • Public utility taxes$4 thousand

Amounts are by Census tax category.

Business income tax
4.1%$491 thousand

Fees for services3.0%

Fees for services
3.0%$359 thousand
What's in fees for servicesOther service charges; other government-run businesses and 1 more
  • Other service charges$318 thousand
  • Other government-run businesses$33 thousand
  • Parks and recreation$8 thousand

Amounts are by Census type of charge.

Federal tax money7.1%

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

From the federal government
7.1%$843 thousand

State tax money1.0%

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

From the state
1.0%$114 thousand

County and local tax money1.3%

Money passed on by the county or other local governments.

From the county and other local governments
1.3%$158 thousand

Fines and other12%

Interest, rents and other
12%$1.5 million
Fines
<0.1%$2 thousand

Where it goes

Police, fire, courts and jails42%Running the government and other costs29%Roads, transit and parking26%Parks, recreation and libraries1.6%Health and hospitals1.1%

What stands out

26%

of New Franklin's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Police, fire, courts and jails
42%$4.9 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$2.6 million
  • Police$2.4 million
Running the government and other costs
29%$3.4 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 3 more
  • Other and not broken out$2.5 million
  • Central staff services (personnel, purchasing, technology)$688 thousand
  • Government buildings$108 thousand
  • Finance, tax collection and budgeting$96 thousand
  • Other government-run businesses$20 thousand
Roads, transit and parking
26%$3.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.0 million
Parks, recreation and libraries
1.6%$186 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$186 thousand
Health and hospitals
1.1%$129 thousand
What's in health and hospitalsPublic health
  • Public health$129 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Franklin. 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 City of New Franklin 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.