City government · Ottawa County, OK

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

In the latest recorded fiscal year (ended June 30, 2024), Miami took in $38.5 million and spent $29.3 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, water)73%City taxes24%Federal tax money1.2%County and local tax money0.7%State tax money0.7%Fines and other0.4%

What stands out

23%

of Miami's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes24%

Sales tax
23%$8.7 million
Other taxes
1.5%$581 thousand
What's in other taxesOther selective sales taxes; occupation and business licenses and 2 more
  • Other selective sales taxes$383 thousand
  • Occupation and business licenses$95 thousand
  • Other licenses$52 thousand
  • Public utility taxes$51 thousand

Amounts are by Census tax category.

Fees for services73%

Fees for services
73%$28.0 million
What's in fees for servicesElectric power; water and 6 more
  • Electric power$20.0 million
  • Water$3.8 million
  • Sewer$2.8 million
  • Garbage collection$920 thousand
  • Airport$194 thousand
  • Parks and recreation$183 thousand
  • Other government-run businesses$54 thousand
  • Other service charges$20 thousand

Amounts are by Census type of charge.

Federal tax money1.2%

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

From the federal government
1.2%$454 thousand

State tax money0.7%

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

From the state
0.7%$252 thousand

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$276 thousand

Fines and other0.4%

Fines
0.4%$140 thousand
Interest, rents and other
<0.1%$31 thousand

Where it goes

Water, sewer, trash and utilities65%Police, fire, courts and jails18%Roads, transit and parking6.8%Parks, recreation and libraries3.5%Interest on debt3.3%All other spending3.1%

What stands out

65%

of Miami'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
65%$19.2 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$13.1 million
  • Water supply$2.9 million
  • Garbage and solid waste$2.1 million
  • Sewer systems$1.2 million
Police, fire, courts and jails
18%$5.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$2.6 million
  • Fire protection$2.1 million
  • Courts and legal services$294 thousand
  • Inspections and regulation$152 thousand
Roads, transit and parking
6.8%$2.0 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.8 million
  • Airports$181 thousand
Parks, recreation and libraries
3.5%$1.0 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$553 thousand
  • Parks and recreation$477 thousand
Interest on debt
3.3%$954 thousand
Running the government and other costs
2.4%$705 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$390 thousand
  • Finance, tax collection and budgeting$315 thousand
Health and hospitals
0.7%$208 thousand
What's in health and hospitalsPublic health
  • Public health$208 thousand
Sources and moreWhere these numbers come from and what they cover

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

What this covers. The money of City of Miami 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.