City government · Jackson County, OK

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

In the latest recorded fiscal year (ended June 30, 2024), Altus took in $69.8 million and spent $59.1 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, water)60%City taxes25%State tax money8.9%Fines and other6.2%

What stands out

60%

of Altus' money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes25%

Property tax
23%$16.1 million
Sales tax
1.2%$856 thousand
Other taxes
1.0%$687 thousand
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$331 thousand
  • Public utility taxes$191 thousand
  • Other licenses$165 thousand

Amounts are by Census tax category.

Fees for services60%

Fees for services
60%$41.5 million
What's in fees for servicesElectric power; water and 6 more
  • Electric power$25.3 million
  • Water$6.9 million
  • Garbage collection$4.6 million
  • Sewer$2.8 million
  • Other service charges$1.1 million
  • Airport$601 thousand
  • Parks and recreation$119 thousand
  • Housing$8 thousand

Amounts are by Census type of charge.

State tax money8.9%

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

From the state
8.9%$6.2 million

Fines and other6.2%

Interest, rents and other
5.6%$3.9 million
Fines
0.6%$413 thousand

Where it goes

Water, sewer, trash and utilities49%Running the government and other costs25%Police, fire, courts and jails15%Parks, recreation and libraries4.3%Roads, transit and parking3.3%All other spending2.8%

What stands out

49%

of Altus' 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
49%$29.2 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$18.6 million
  • Sewer systems$4.0 million
  • Water supply$3.9 million
  • Garbage and solid waste$2.7 million
Running the government and other costs
25%$14.7 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 3 more
  • Central staff services (personnel, purchasing, technology)$6.9 million
  • Other and not broken out$5.8 million
  • Finance, tax collection and budgeting$1.4 million
  • Government buildings$354 thousand
  • Other government-run businesses$255 thousand
Police, fire, courts and jails
15%$9.1 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$5.0 million
  • Fire protection$3.5 million
  • Courts and legal services$365 thousand
  • Inspections and regulation$165 thousand
Parks, recreation and libraries
4.3%$2.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.5 million
Roads, transit and parking
3.3%$2.0 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.4 million
  • Airports$522 thousand
Interest on debt
1.6%$963 thousand
Health and hospitals
0.9%$549 thousand
What's in health and hospitalsPublic health
  • Public health$549 thousand
Housing and community development
0.2%$142 thousand
Sources and moreWhere these numbers come from and what they cover

City of Altus. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. 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 Altus 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.