Borough government · Beaver County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), Economy took in $5.5 million and spent $5.1 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Borough taxes73%State tax money12%Federal tax money8.7%Fines and other3.5%Fees for services (parks and recreation)2.1%County and local tax money0.9%

What stands out

27%

of Economy's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Borough taxes73%

Property tax
35%$1.9 million
Individual income tax
27%$1.5 million
Other taxes
10%$556 thousand
What's in other taxesReal estate and stock transfer taxes; public utility licenses and 1 more
  • Real estate and stock transfer taxes$225 thousand
  • Public utility licenses$201 thousand
  • Occupation and business licenses$130 thousand

Amounts are by Census tax category.

Fees for services2.1%

Fees for services
2.1%$115 thousand
What's in fees for servicesOther service charges and parks and recreation
  • Other service charges$114 thousand
  • Parks and recreation$1 thousand

Amounts are by Census type of charge.

Federal tax money8.7%

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

From the federal government
8.7%$476 thousand

State tax money12%

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

From the state
12%$654 thousand

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$49 thousand

Fines and other3.5%

Interest, rents and other
2.9%$156 thousand
Fines
0.6%$35 thousand

Where it goes

Police, fire, courts and jails54%Roads, transit and parking34%Running the government and other costs12%Water, sewer, trash and utilities0.3%Parks, recreation and libraries0.2%Interest on debt0.2%

What stands out

54%

of Economy's 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
54%$2.7 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$2.3 million
  • Fire protection$413 thousand
  • Courts and legal services$34 thousand
  • Inspections and regulation$1 thousand
Roads, transit and parking
34%$1.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.7 million
Running the government and other costs
12%$597 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
  • Central staff services (personnel, purchasing, technology)$254 thousand
  • Finance, tax collection and budgeting$188 thousand
  • Other and not broken out$88 thousand
  • Government buildings$67 thousand
Water, sewer, trash and utilities
0.3%$14 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$14 thousand
Parks, recreation and libraries
0.2%$10 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$10 thousand
Interest on debt
0.2%$8 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Economy. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Economy 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.