City government · Miami County, OH

Tipp City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Tipp City took in $41.2 million and spent $40.5 million.

Latest recorded year: ended December 31, 2023Comes from Goes to

See every government that serves your ZIP

Where it comes from

Fees for services (electric power, water)65%City taxes24%Fines and other6.1%County and local tax money4.4%State tax money0.4%

What stands out

18%

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

City taxes24%

Individual income tax

18%$7.4 million

Business income tax

2.9%$1.2 million

Other taxes

1.5%$637 thousand

What's in other taxesMotor vehicle licenses; occupation and business licenses and 2 more

Motor vehicle licenses$322 thousand
Occupation and business licenses$227 thousand
Other taxes not classified elsewhere$87 thousand
Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Property tax

1.2%$491 thousand

Fees for services65%

Fees for services

65%$27.0 million

What's in fees for servicesElectric power; water and 4 more

Electric power$18.0 million
Water$4.5 million
Sewer$2.2 million
Garbage collection$1.2 million
Other service charges$748 thousand
Parks and recreation$378 thousand

Amounts are by Census type of charge.

State tax money0.4%

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

From the state

0.4%$176 thousand

County and local tax money4.4%

Money passed on by the county or other local governments.

From the county and other local governments

4.4%$1.8 million

Fines and other6.1%

Interest, rents and other

5.9%$2.4 million

Fines

0.1%$57 thousand

Where it goes

Water, sewer, trash and utilities64%Police, fire, courts and jails16%Running the government and other costs11%Roads, transit and parking4.5%Parks, recreation and libraries3.8%Interest on debt0.7%

What stands out

64%

of Tipp City's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities

64%$26.0 million

What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more

Electric power$17.4 million
Water supply$4.6 million
Sewer systems$2.9 million
Garbage and solid waste$1.2 million

Police, fire, courts and jails

16%$6.6 million

What's in police, fire, courts and jailsPolice; fire protection and 2 more

Police$3.7 million
Fire protection$1.9 million
Inspections and regulation$902 thousand
Courts and legal services$118 thousand

Running the government and other costs

11%$4.3 million

What's in running the government and other costsGovernment buildings; finance, tax collection and budgeting and 1 more

Government buildings$2.0 million
Finance, tax collection and budgeting$1.7 million
Central staff services (personnel, purchasing, technology)$576 thousand

Roads, transit and parking

4.5%$1.8 million

What's in roads, transit and parkingRoads and highways

Roads and highways$1.8 million

Parks, recreation and libraries

3.8%$1.5 million

What's in parks, recreation and librariesParks and recreation

Parks and recreation$1.5 million

Interest on debt

0.7%$277 thousand

What's in interest on debtInterest on electric power debt; interest on general debt and 1 more

Interest on electric power debt$253 thousand
Interest on general debt$12 thousand
Interest on water supply debt$12 thousand

Sources and moreWhere these numbers come from and what they cover

City of Tipp City. 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 Tipp City 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.