City government · Lake County, SD

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

In the latest recorded fiscal year (ended December 31, 2023), Madison took in $34.1 million and spent $25.8 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, water)50%Federal tax money23%City taxes21%Fines and other3.8%State tax money2.1%

What stands out

23%

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

City taxes21%

Sales tax
14%$4.7 million
Property tax
7.7%$2.6 million

Fees for services50%

Fees for services
50%$16.9 million
What's in fees for servicesElectric power; water and 5 more
  • Electric power$11.3 million
  • Water$2.1 million
  • Sewer$2.0 million
  • Parks and recreation$509 thousand
  • Garbage collection$498 thousand
  • Road charges$390 thousand
  • Other service charges$201 thousand

Amounts are by Census type of charge.

Federal tax money23%

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

From the federal government
23%$7.8 million

State tax money2.1%

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

From the state
2.1%$719 thousand

Fines and other3.8%

Interest, rents and other
3.8%$1.3 million
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities62%Parks, recreation and libraries11%Running the government and other costs7.7%Police, fire, courts and jails7.7%Roads, transit and parking5.7%All other spending5.8%

What stands out

62%

of Madison's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
62%$16.1 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$10.0 million
  • Water supply$3.0 million
  • Sewer systems$2.3 million
  • Garbage and solid waste$778 thousand
Parks, recreation and libraries
11%$2.8 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.2 million
  • Libraries$579 thousand
Running the government and other costs
7.7%$2.0 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$1.2 million
  • Finance, tax collection and budgeting$652 thousand
  • Central staff services (personnel, purchasing, technology)$144 thousand
Police, fire, courts and jails
7.7%$2.0 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.8 million
  • Fire protection$214 thousand
  • Inspections and regulation$2 thousand
Roads, transit and parking
5.7%$1.5 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.2 million
  • Airports$328 thousand
Housing and community development
4.4%$1.1 million
Interest on debt
1.2%$307 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$160 thousand
  • Interest on general debt$147 thousand
Sent to other local governments
0.1%$33 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$33 thousand
Health and hospitals
<0.1%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Sources and moreWhere these numbers come from and what they cover

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