City government · Florence County, SC

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

In the latest recorded fiscal year (ended June 30, 2024), Florence took in $118 million and spent $119 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (sewer, water)43%City taxes32%Fines and other12%County and local tax money8.4%State tax money2.7%Federal tax money1.2%

What stands out

8.6%

of Florence's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes32%

Other taxes
17%$19.9 million
What's in other taxesOccupation and business licenses; other selective sales taxes and 2 more
  • Occupation and business licenses$13.3 million
  • Other selective sales taxes$6.4 million
  • Public utility taxes$128 thousand
  • Alcoholic beverage licenses$89 thousand

Amounts are by Census tax category.

Sales tax
8.6%$10.2 million
Property tax
6.8%$8.1 million

Fees for services43%

Fees for services
43%$51.1 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$23.4 million
  • Water$21.5 million
  • Garbage collection$2.8 million
  • Other service charges$2.6 million
  • Parks and recreation$766 thousand
  • Housing$112 thousand

Amounts are by Census type of charge.

Federal tax money1.2%

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

From the federal government
1.2%$1.5 million

State tax money2.7%

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

From the state
2.7%$3.2 million

County and local tax money8.4%

Money passed on by the county or other local governments.

From the county and other local governments
8.4%$10.0 million

Fines and other12%

Interest, rents and other
12%$13.7 million
Fines
0.4%$487 thousand

Where it goes

Running the government and other costs32%Water, sewer, trash and utilities29%Police, fire, courts and jails16%Roads, transit and parking9.1%Parks, recreation and libraries7.6%All other spending5.9%

What stands out

32%

of Florence's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
32%$37.9 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$27.5 million
  • Central staff services (personnel, purchasing, technology)$8.9 million
  • Finance, tax collection and budgeting$1.5 million
Water, sewer, trash and utilities
29%$34.8 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$17.1 million
  • Sewer systems$12.4 million
  • Garbage and solid waste$5.3 million
Police, fire, courts and jails
16%$19.6 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$10.4 million
  • Fire protection$7.6 million
  • Inspections and regulation$853 thousand
  • Courts and legal services$817 thousand
Roads, transit and parking
9.1%$10.8 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$8.9 million
  • Parking$1.9 million
Parks, recreation and libraries
7.6%$9.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$9.1 million
Interest on debt
4.5%$5.4 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.9 million
  • Interest on water supply debt$2.4 million
Housing and community development
1.3%$1.6 million
Health and hospitals
<0.1%$60 thousand
What's in health and hospitalsPublic health
  • Public health$60 thousand
Sources and moreWhere these numbers come from and what they cover

City of Florence. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Florence 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.