City government · Oklahoma County, OK

Nichols Hills's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Nichols Hills took in $23.1 million and spent $22.2 million.

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

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Where it comes from

City taxes59%Fees for services (water, sewer)27%Fines and other12%State tax money1.8%

What stands out

31%

of Nichols Hills' money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes59%

Sales tax
31%$7.1 million
Property tax
25%$5.8 million
Other taxes
3.0%$686 thousand
What's in other taxesPublic utility taxes; other licenses and 2 more
  • Public utility taxes$368 thousand
  • Other licenses$307 thousand
  • Alcoholic beverage licenses$10 thousand
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Fees for services27%

Fees for services
27%$6.3 million
What's in fees for servicesWater; sewer and 2 more
  • Water$3.7 million
  • Sewer$1.5 million
  • Garbage collection$1.1 million
  • Other service charges$63 thousand

Amounts are by Census type of charge.

State tax money1.8%

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

From the state
1.8%$404 thousand

Fines and other12%

Interest, rents and other
11%$2.6 million
Fines
0.6%$140 thousand

Where it goes

Police, fire, courts and jails35%Water, sewer, trash and utilities21%Running the government and other costs18%Roads, transit and parking17%Interest on debt6.3%Parks, recreation and libraries2.9%

What stands out

35%

of Nichols Hills' spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
35%$7.7 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$3.4 million
  • Police$3.3 million
  • Inspections and regulation$597 thousand
  • Courts and legal services$416 thousand
Water, sewer, trash and utilities
21%$4.7 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$3.0 million
  • Garbage and solid waste$1.3 million
  • Sewer systems$518 thousand
Running the government and other costs
18%$3.9 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$2.9 million
  • Central staff services (personnel, purchasing, technology)$954 thousand
  • Government buildings$70 thousand
  • Finance, tax collection and budgeting$1 thousand
Roads, transit and parking
17%$3.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.7 million
Interest on debt
6.3%$1.4 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$1.4 million
  • Interest on water supply debt$1 thousand
Parks, recreation and libraries
2.9%$654 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$654 thousand
Sources and moreWhere these numbers come from and what they cover

City of Nichols Hills. 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 Nichols Hills 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.