City government · Charleston County, SC

Isle of Palms's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Isle of Palms took in $29.2 million and spent $22.2 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

City taxes57%State tax money20%Fines and other12%Fees for services (parking, parks and recreation)5.8%Federal tax money2.5%County and local tax money2.3%

What stands out

39%

of Isle of Palms' money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

City taxes57%

Other taxes
39%$11.4 million
What's in other taxesOccupation and business licenses; other selective sales taxes and 1 more
  • Occupation and business licenses$5.7 million
  • Other selective sales taxes$4.8 million
  • Public utility licenses$899 thousand

Amounts are by Census tax category.

Property tax
18%$5.3 million

Fees for services5.8%

Fees for services
5.8%$1.7 million
What's in fees for servicesParking; parks and recreation and 2 more
  • Parking$1.3 million
  • Parks and recreation$344 thousand
  • Other service charges$51 thousand
  • Garbage collection$10 thousand

Amounts are by Census type of charge.

Federal tax money2.5%

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

From the federal government
2.5%$727 thousand

State tax money20%

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

From the state
20%$5.9 million

County and local tax money2.3%

Money passed on by the county or other local governments.

From the county and other local governments
2.3%$670 thousand

Fines and other12%

Interest, rents and other
11%$3.2 million
Fines
1.4%$409 thousand

Where it goes

Police, fire, courts and jails43%Water, sewer, trash and utilities19%Running the government and other costs16%Environment and natural resources10%Parks, recreation and libraries8.3%All other spending3.8%

What stands out

43%

of Isle of Palms' 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
43%$9.5 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$5.3 million
  • Police$3.8 million
  • Courts and legal services$400 thousand
Water, sewer, trash and utilities
19%$4.1 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$4.1 million
Running the government and other costs
16%$3.6 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$3.6 million
Environment and natural resources
10%$2.3 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$2.3 million
Parks, recreation and libraries
8.3%$1.8 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.8 million
Roads, transit and parking
2.5%$558 thousand
What's in roads, transit and parkingParking and ports and harbors
  • Parking$283 thousand
  • Ports and harbors$275 thousand
Interest on debt
1.3%$280 thousand
Sources and moreWhere these numbers come from and what they cover

City of Isle of Palms. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Isle of Palms 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.