City government · Fall River County, SD

Hot Springs's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Hot Springs took in $11.0 million and spent $9.8 million.

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

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Where it comes from

Fees for services (sewer, water)36%City taxes36%Fines and other13%Federal tax money13%State tax money2.6%

What stands out

23%

of Hot Springs' money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes36%

Sales tax
23%$2.5 million
Property tax
12%$1.3 million
Other taxes
0.7%$73 thousand
What's in other taxesOther licenses
  • Other licenses$73 thousand

Amounts are by Census tax category.

Fees for services36%

Fees for services
36%$4.0 million
What's in fees for servicesSewer; water and 6 more
  • Sewer$1.2 million
  • Water$884 thousand
  • Other service charges$857 thousand
  • Parks and recreation$645 thousand
  • Garbage collection$280 thousand
  • Airport$112 thousand
  • Road charges$8 thousand
  • Other government-run businesses$3 thousand

Amounts are by Census type of charge.

Federal tax money13%

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

From the federal government
13%$1.4 million

State tax money2.6%

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

From the state
2.6%$282 thousand

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$2 thousand

Fines and other13%

Interest, rents and other
13%$1.4 million
Fines
<0.1%$4 thousand

Where it goes

Running the government and other costs32%Housing and community development19%Water, sewer, trash and utilities14%Parks, recreation and libraries12%Police, fire, courts and jails11%All other spending11%

What stands out

19%

of Hot Springs' 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%

Running the government and other costs
32%$3.1 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$2.5 million
  • Finance, tax collection and budgeting$258 thousand
  • Central staff services (personnel, purchasing, technology)$240 thousand
  • Other government-run businesses$73 thousand
Housing and community development
19%$1.9 million
Water, sewer, trash and utilities
14%$1.4 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$723 thousand
  • Water supply$382 thousand
  • Garbage and solid waste$303 thousand
Parks, recreation and libraries
12%$1.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$968 thousand
  • Libraries$251 thousand
Police, fire, courts and jails
11%$1.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$924 thousand
  • Fire protection$90 thousand
  • Inspections and regulation$85 thousand
Roads, transit and parking
8.4%$824 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$637 thousand
  • Airports$187 thousand
Interest on debt
1.9%$185 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$97 thousand
  • Interest on water supply debt$88 thousand
Sent to other local governments
0.4%$36 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$36 thousand
Health and hospitals
0.2%$24 thousand
What's in health and hospitalsPublic health
  • Public health$24 thousand
Sources and moreWhere these numbers come from and what they cover

City of Hot Springs. 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 Hot Springs 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.