Village government · Summit County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), Richfield took in $17.9 million and spent $16.2 million.

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

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Where it comes from

Village taxes79%Fees for services (sewer, parks and recreation)12%Fines and other4.7%County and local tax money3.4%State tax money1.1%

What stands out

62%

of Richfield's money comes from business income taxes.Most U.S. cities, towns and villages of under 10,000 people get none.

Village taxes79%

Business income tax
62%$11.1 million
Other taxes
11%$1.9 million
What's in other taxesOther taxes not classified elsewhere; motor vehicle licenses and 1 more
  • Other taxes not classified elsewhere$1.8 million
  • Motor vehicle licenses$69 thousand
  • Alcoholic beverage licenses$14 thousand

Amounts are by Census tax category.

Property tax
3.6%$638 thousand
Individual income tax
2.5%$457 thousand

Fees for services12%

Fees for services
12%$2.2 million
What's in fees for servicesSewer; other service charges and 2 more
  • Sewer$1.9 million
  • Other service charges$160 thousand
  • Other government-run businesses$72 thousand
  • Parks and recreation$60 thousand

Amounts are by Census type of charge.

State tax money1.1%

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

From the state
1.1%$198 thousand

County and local tax money3.4%

Money passed on by the county or other local governments.

From the county and other local governments
3.4%$610 thousand

Fines and other4.7%

Interest, rents and other
4.6%$826 thousand
Fines
0.1%$23 thousand

Where it goes

Police, fire, courts and jails36%Roads, transit and parking33%Water, sewer, trash and utilities14%Running the government and other costs14%Parks, recreation and libraries1.3%All other spending0.8%

What stands out

36%

of Richfield's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
36%$5.9 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$3.2 million
  • Fire protection$2.5 million
  • Courts and legal services$181 thousand
  • Inspections and regulation$61 thousand
Roads, transit and parking
33%$5.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$5.4 million
Water, sewer, trash and utilities
14%$2.3 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$2.0 million
  • Garbage and solid waste$257 thousand
  • Water supply$20 thousand
Running the government and other costs
14%$2.3 million
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 3 more
  • Finance, tax collection and budgeting$1.1 million
  • Government buildings$395 thousand
  • Other and not broken out$393 thousand
  • Central staff services (personnel, purchasing, technology)$329 thousand
  • Other government-run businesses$33 thousand
Parks, recreation and libraries
1.3%$217 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$217 thousand
Health and hospitals
0.5%$73 thousand
What's in health and hospitalsPublic health
  • Public health$73 thousand
Interest on debt
0.3%$51 thousand
Environment and natural resources
<0.1%$12 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$12 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Richfield. 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 Village of Richfield 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.