City government · Lucas County, OH

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

In the latest recorded fiscal year (ended December 31, 2023), Toledo took in $758 million and spent $282 million.

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

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Where it comes from

Fees for services (sewer, water)46%City taxes43%Fines and other8.1%State tax money3.2%

What stands out

37%

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

City taxes43%

Individual income tax
37%$279 million
Business income tax
3.6%$27.4 million
Property tax
2.1%$16.2 million
Other taxes
0.5%$3.6 million
What's in other taxesOther licenses
  • Other licenses$3.6 million

Amounts are by Census tax category.

Fees for services46%

Fees for services
46%$346 million
What's in fees for servicesOther service charges; sewer and 4 more
  • Other service charges$143 million
  • Sewer$105 million
  • Water$93.1 million
  • Parking$3.7 million
  • Electric power$1.2 million
  • Parks and recreation$124 thousand

Amounts are by Census type of charge.

State tax money3.2%

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

From the state
3.2%$24.4 million

Fines and other8.1%

Interest, rents and other
7.3%$55.3 million
Fines
0.8%$6.1 million

Where it goes

Running the government and other costs44%Water, sewer, trash and utilities29%Housing and community development18%Health and hospitals4.0%Parks, recreation and libraries3.0%All other spending1.2%

What stands out

18%

of Toledo's spending goes to housing and community development.A typical U.S. city of 50,000+ people spends 1.4%.

Spending by category100%

Running the government and other costs
44%$124 million
What's in running the government and other costsOther and not broken out
  • Other and not broken out$124 million
Water, sewer, trash and utilities
29%$83.3 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$37.5 million
  • Water supply$34.3 million
  • Electric power$11.4 million
Housing and community development
18%$52.2 million
Health and hospitals
4.0%$11.2 million
What's in health and hospitalsPublic health
  • Public health$11.2 million
Parks, recreation and libraries
3.0%$8.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$8.5 million
Police, fire, courts and jails
1.1%$3.2 million
What's in police, fire, courts and jailsInspections and regulation
  • Inspections and regulation$3.2 million
Interest on debt
<0.1%$41 thousand
Sources and moreWhere these numbers come from and what they cover

City of Toledo. 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 Toledo 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.