City government · Miami County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), Troy took in $57.3 million and spent $48.0 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

City taxes44%Fees for services (sewer, water)33%State tax money13%Fines and other10%

What stands out

40%

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

City taxes44%

Individual income tax
40%$22.7 million
Property tax
3.8%$2.2 million
Other taxes
0.4%$214 thousand
What's in other taxesOther taxes not classified elsewhere and other licenses
  • Other taxes not classified elsewhere$116 thousand
  • Other licenses$98 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$18.8 million
What's in fees for servicesSewer; water and 5 more
  • Sewer$6.7 million
  • Water$6.1 million
  • Other service charges$4.9 million
  • Parks and recreation$965 thousand
  • Other government-run businesses$266 thousand
  • Road charges$5 thousand
  • Parking$4 thousand

Amounts are by Census type of charge.

State tax money13%

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

From the state
13%$7.4 million

Fines and other10%

Interest, rents and other
10%$6.0 million
Fines
<0.1%$1 thousand

Where it goes

Running the government and other costs33%Police, fire, courts and jails27%Water, sewer, trash and utilities23%Parks, recreation and libraries7.3%Roads, transit and parking6.8%All other spending3.6%

What stands out

33%

of Troy'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
33%$15.7 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$8.6 million
  • Finance, tax collection and budgeting$5.3 million
  • Central staff services (personnel, purchasing, technology)$1.1 million
  • Other government-run businesses$548 thousand
  • Government buildings$150 thousand
Police, fire, courts and jails
27%$12.7 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$6.5 million
  • Fire protection$6.0 million
  • Courts and legal services$249 thousand
Water, sewer, trash and utilities
23%$11.1 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$5.0 million
  • Water supply$4.8 million
  • Garbage and solid waste$1.4 million
Parks, recreation and libraries
7.3%$3.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3.5 million
Roads, transit and parking
6.8%$3.3 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$3.2 million
  • Parking$94 thousand
Housing and community development
1.8%$843 thousand
Interest on debt
1.3%$644 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$489 thousand
  • Interest on water supply debt$155 thousand
Environment and natural resources
0.3%$149 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$149 thousand
Sent to other local governments
0.2%$103 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$103 thousand
Sources and moreWhere these numbers come from and what they cover

City of Troy. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Troy 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.