Borough government · Cambria County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), Loretto took in $418 thousand and spent $342 thousand.

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

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Where it comes from

Fees for services (water, sewer)39%Fines and other22%Borough taxes16%Federal tax money15%State tax money8.4%

What stands out

15%

of Loretto's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Borough taxes16%

Property tax
7.7%$32 thousand
Individual income tax
5.5%$23 thousand
Other taxes
2.9%$12 thousand
What's in other taxesOccupation and business licenses; public utility licenses and 1 more
  • Occupation and business licenses$6 thousand
  • Public utility licenses$3 thousand
  • Real estate and stock transfer taxes$3 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$164 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$88 thousand
  • Sewer$50 thousand
  • Garbage collection$22 thousand
  • Other service charges$4 thousand

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$62 thousand

State tax money8.4%

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

From the state
8.4%$35 thousand

Fines and other22%

Interest, rents and other
20%$84 thousand
Fines
1.4%$6 thousand

Where it goes

Water, sewer, trash and utilities29%Roads, transit and parking21%Running the government and other costs19%Parks, recreation and libraries13%Police, fire, courts and jails12%All other spending6.4%

What stands out

13%

of Loretto'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%

Water, sewer, trash and utilities
29%$100 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$55 thousand
  • Sewer systems$23 thousand
  • Garbage and solid waste$22 thousand
Roads, transit and parking
21%$72 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$72 thousand
Running the government and other costs
19%$64 thousand
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$33 thousand
  • Central staff services (personnel, purchasing, technology)$17 thousand
  • Government buildings$8 thousand
  • Finance, tax collection and budgeting$6 thousand
Parks, recreation and libraries
13%$44 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$44 thousand
Police, fire, courts and jails
12%$40 thousand
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$25 thousand
  • Courts and legal services$8 thousand
  • Fire protection$7 thousand
Interest on debt
5.3%$18 thousand
Housing and community development
1.2%$4 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Loretto. 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 Loretto 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.