City government · Clay County, SD

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

In the latest recorded fiscal year (ended December 31, 2023), Vermillion took in $32.3 million and spent $25.1 million.

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

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Where it comes from

Fees for services (electric power, sewer)56%City taxes29%Fines and other6.7%Federal tax money3.4%State tax money2.6%County and local tax money2.0%

What stands out

18%

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

City taxes29%

Sales tax
18%$5.7 million
Property tax
11%$3.4 million
Other taxes
1.3%$414 thousand
What's in other taxesOther licenses; alcoholic beverage taxes and 1 more
  • Other licenses$221 thousand
  • Alcoholic beverage taxes$154 thousand
  • Alcoholic beverage licenses$39 thousand

Amounts are by Census tax category.

Fees for services56%

Fees for services
56%$18.0 million
What's in fees for servicesElectric power; other service charges and 5 more
  • Electric power$8.2 million
  • Other service charges$4.1 million
  • Sewer$2.3 million
  • Water$2.1 million
  • Parks and recreation$1.2 million
  • Garbage collection$136 thousand
  • Airport$66 thousand

Amounts are by Census type of charge.

Federal tax money3.4%

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

From the federal government
3.4%$1.1 million

State tax money2.6%

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

From the state
2.6%$845 thousand

County and local tax money2.0%

Money passed on by the county or other local governments.

From the county and other local governments
2.0%$642 thousand

Fines and other6.7%

Interest, rents and other
6.6%$2.1 million
Fines
<0.1%$32 thousand

Where it goes

Water, sewer, trash and utilities47%Parks, recreation and libraries15%Running the government and other costs14%Police, fire, courts and jails10%Housing and community development4.5%All other spending9.1%

What stands out

47%

of Vermillion's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
47%$11.8 million
What's in water, sewer, trash and utilitiesElectric power; garbage and solid waste and 2 more
  • Electric power$5.3 million
  • Garbage and solid waste$3.2 million
  • Water supply$1.8 million
  • Sewer systems$1.6 million
Parks, recreation and libraries
15%$3.7 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$3.1 million
  • Libraries$637 thousand
Running the government and other costs
14%$3.6 million
What's in running the government and other costsOther government-run businesses; other and not broken out and 3 more
  • Other government-run businesses$1.6 million
  • Other and not broken out$898 thousand
  • Central staff services (personnel, purchasing, technology)$668 thousand
  • Finance, tax collection and budgeting$202 thousand
  • Government buildings$193 thousand
Police, fire, courts and jails
10%$2.6 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.9 million
  • Fire protection$706 thousand
Housing and community development
4.5%$1.1 million
Roads, transit and parking
4.1%$1.0 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$945 thousand
  • Airports$71 thousand
Health and hospitals
3.5%$878 thousand
What's in health and hospitalsPublic health
  • Public health$878 thousand
Interest on debt
1.5%$387 thousand
What's in interest on debtInterest on general debt; interest on electric power debt and 1 more
  • Interest on general debt$180 thousand
  • Interest on electric power debt$150 thousand
  • Interest on water supply debt$57 thousand
Sources and moreWhere these numbers come from and what they cover

City of Vermillion. 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 Vermillion 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.