City government · Venango County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), Franklin took in $7.5 million and spent $7.8 million.

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

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Where it comes from

City taxes49%State tax money14%Fees for services (garbage collection, parking)9.9%Federal tax money9.3%County and local tax money9.0%Fines and other9.0%

What stands out

15%

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

City taxes49%

Property tax
28%$2.1 million
Individual income tax
15%$1.1 million
Other taxes
5.4%$404 thousand
What's in other taxesOccupation and business licenses; public utility licenses and 1 more
  • Occupation and business licenses$202 thousand
  • Public utility licenses$102 thousand
  • Real estate and stock transfer taxes$100 thousand

Amounts are by Census tax category.

Fees for services9.9%

Fees for services
9.9%$746 thousand
What's in fees for servicesGarbage collection; other service charges and 2 more
  • Garbage collection$455 thousand
  • Other service charges$171 thousand
  • Parking$84 thousand
  • Parks and recreation$36 thousand

Amounts are by Census type of charge.

Federal tax money9.3%

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

From the federal government
9.3%$700 thousand

State tax money14%

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

From the state
14%$1.0 million

County and local tax money9.0%

Money passed on by the county or other local governments.

From the county and other local governments
9.0%$679 thousand

Fines and other9.0%

Interest, rents and other
8.1%$607 thousand
Fines
1.0%$72 thousand

Where it goes

Running the government and other costs28%Police, fire, courts and jails25%Parks, recreation and libraries17%Water, sewer, trash and utilities11%Roads, transit and parking9.7%All other spending10%

What stands out

17%

of Franklin's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Running the government and other costs
28%$2.1 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$892 thousand
  • Finance, tax collection and budgeting$731 thousand
  • Government buildings$262 thousand
  • Central staff services (personnel, purchasing, technology)$257 thousand
Police, fire, courts and jails
25%$1.9 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.2 million
  • Fire protection$690 thousand
  • Courts and legal services$26 thousand
Parks, recreation and libraries
17%$1.3 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.3 million
Water, sewer, trash and utilities
11%$864 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$864 thousand
Roads, transit and parking
9.7%$752 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$752 thousand
Housing and community development
9.0%$695 thousand
Health and hospitals
1.1%$88 thousand
What's in health and hospitalsPublic health
  • Public health$88 thousand
Interest on debt
<0.1%$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Franklin. 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 City of Franklin 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.