City government · Summit County, OH

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

In the latest recorded fiscal year (ended December 31, 2023), Stow took in $67.8 million and spent $60.0 million.

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

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Where it comes from

City taxes60%Fines and other29%Fees for services (water, sewer)9.5%State tax money1.8%County and local tax money0.1%Federal tax money<0.1%

What stands out

36%

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

City taxes60%

Individual income tax
36%$24.6 million
Property tax
14%$9.5 million
Other taxes
9.2%$6.3 million
What's in other taxesMotor fuel taxes; other selective sales taxes and 6 more
  • Motor fuel taxes$2.1 million
  • Other selective sales taxes$1.6 million
  • Public utility licenses$1.6 million
  • Occupation and business licenses$658 thousand
  • Motor vehicle licenses$264 thousand
  • Alcoholic beverage taxes$39 thousand
  • Public utility taxes$7 thousand
  • Tobacco taxes$1 thousand

Amounts are by Census tax category.

Sales tax
<0.1%$49 thousand

Fees for services9.5%

Fees for services
9.5%$6.5 million
What's in fees for servicesWater; sewer and 3 more
  • Water$4.3 million
  • Sewer$814 thousand
  • Other service charges$752 thousand
  • Parks and recreation$339 thousand
  • Other government-run businesses$216 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$52 thousand

State tax money1.8%

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

From the state
1.8%$1.2 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$73 thousand

Fines and other29%

Interest, rents and other
25%$17.2 million
Fines
3.6%$2.4 million

Where it goes

Running the government and other costs41%Police, fire, courts and jails32%Water, sewer, trash and utilities11%Roads, transit and parking9.7%Parks, recreation and libraries5.0%All other spending1.7%

What stands out

41%

of Stow'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
41%$24.3 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$20.3 million
  • Finance, tax collection and budgeting$1.4 million
  • Central staff services (personnel, purchasing, technology)$1.1 million
  • Other government-run businesses$853 thousand
  • Government buildings$668 thousand
Police, fire, courts and jails
32%$19.2 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$8.8 million
  • Police$7.5 million
  • Courts and legal services$2.6 million
  • Inspections and regulation$351 thousand
Water, sewer, trash and utilities
11%$6.6 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$5.2 million
  • Sewer systems$1.4 million
Roads, transit and parking
9.7%$5.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$5.8 million
Parks, recreation and libraries
5.0%$3.0 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3.0 million
Environment and natural resources
0.8%$450 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$450 thousand
Social services
0.6%$354 thousand
What's in social servicesWelfare institutions
  • Welfare institutions$354 thousand
Interest on debt
0.4%$231 thousand
Sources and moreWhere these numbers come from and what they cover

City of Stow. 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 Stow 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.