City government · Grant County, SD

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

In the latest recorded fiscal year (ended December 31, 2023), Milbank took in $10.0 million and spent $9.4 million.

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

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Where it comes from

City taxes55%Fees for services (water, sewer)25%Fines and other13%Federal tax money5.3%State tax money1.7%County and local tax money0.7%

What stands out

44%

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

City taxes55%

Sales tax
44%$4.4 million
Property tax
10%$998 thousand
Other taxes
1.1%$107 thousand
What's in other taxesOther licenses
  • Other licenses$107 thousand

Amounts are by Census tax category.

Fees for services25%

Fees for services
25%$2.5 million
What's in fees for servicesWater; sewer and 6 more
  • Water$810 thousand
  • Sewer$809 thousand
  • Parks and recreation$430 thousand
  • Other service charges$160 thousand
  • Road charges$130 thousand
  • Garbage collection$70 thousand
  • Airport$45 thousand
  • Other government-run businesses$14 thousand

Amounts are by Census type of charge.

Federal tax money5.3%

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

From the federal government
5.3%$529 thousand

State tax money1.7%

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

From the state
1.7%$169 thousand

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$69 thousand

Fines and other13%

Interest, rents and other
13%$1.3 million
Fines
<0.1%$5 thousand

Where it goes

Running the government and other costs48%Water, sewer, trash and utilities16%Parks, recreation and libraries14%Police, fire, courts and jails8.5%Roads, transit and parking7.3%All other spending6.1%

What stands out

14%

of Milbank's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Running the government and other costs
48%$4.5 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$3.6 million
  • Central staff services (personnel, purchasing, technology)$481 thousand
  • Finance, tax collection and budgeting$469 thousand
Water, sewer, trash and utilities
16%$1.5 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$872 thousand
  • Sewer systems$602 thousand
  • Garbage and solid waste$75 thousand
Parks, recreation and libraries
14%$1.3 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.3 million
Police, fire, courts and jails
8.5%$800 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$652 thousand
  • Fire protection$148 thousand
Roads, transit and parking
7.3%$691 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$633 thousand
  • Airports$58 thousand
Interest on debt
3.8%$357 thousand
Housing and community development
2.3%$217 thousand
Sources and moreWhere these numbers come from and what they cover

City of Milbank. 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 Milbank 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.