City government · Venango County, PA

Oil City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Oil City took in $14.6 million and spent $18.7 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Fees for services (sewer, water)57%City taxes26%State tax money8.5%Fines and other7.2%Federal tax money1.3%County and local tax money0.2%

What stands out

5.8%

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

City taxes26%

Property tax
17%$2.5 million
Individual income tax
5.8%$842 thousand
Other taxes
3.1%$455 thousand
What's in other taxesOccupation and business licenses; public utility licenses and 1 more
  • Occupation and business licenses$239 thousand
  • Public utility licenses$135 thousand
  • Real estate and stock transfer taxes$81 thousand

Amounts are by Census tax category.

Fees for services57%

Fees for services
57%$8.3 million
What's in fees for servicesSewer; water and 5 more
  • Sewer$3.1 million
  • Water$2.9 million
  • Garbage collection$1.6 million
  • Other service charges$435 thousand
  • Parks and recreation$185 thousand
  • Parking$36 thousand
  • Road charges$15 thousand

Amounts are by Census type of charge.

Federal tax money1.3%

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

From the federal government
1.3%$187 thousand

State tax money8.5%

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

From the state
8.5%$1.2 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$24 thousand

Fines and other7.2%

Interest, rents and other
6.8%$999 thousand
Fines
0.3%$49 thousand

Where it goes

Water, sewer, trash and utilities37%Running the government and other costs20%Police, fire, courts and jails17%Roads, transit and parking17%Parks, recreation and libraries4.1%All other spending6.2%

What stands out

3.2%

of Oil City's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
37%$6.9 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$3.0 million
  • Sewer systems$2.7 million
  • Garbage and solid waste$1.1 million
Running the government and other costs
20%$3.7 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$1.4 million
  • Central staff services (personnel, purchasing, technology)$873 thousand
  • Government buildings$853 thousand
  • Finance, tax collection and budgeting$566 thousand
Police, fire, courts and jails
17%$3.1 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$1.6 million
  • Fire protection$1.3 million
  • Inspections and regulation$183 thousand
  • Courts and legal services$29 thousand
Roads, transit and parking
17%$3.1 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$2.8 million
  • Parking$294 thousand
Parks, recreation and libraries
4.1%$766 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$764 thousand
  • Libraries$2 thousand
Housing and community development
3.2%$607 thousand
Interest on debt
2.9%$547 thousand
Sources and moreWhere these numbers come from and what they cover

City of Oil City. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Oil City 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.