Town government · Grundy County, TN

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

In the latest recorded fiscal year (ended June 30, 2022), Altamont took in $568 thousand and spent $250 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

State tax money65%County and local tax money24%Fines and other11%Town taxes0.2%

What stands out

24%

of Altamont's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes0.2%

Other taxes
0.2%$1 thousand
What's in other taxesAlcoholic beverage licenses
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

State tax money65%

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

From the state
65%$367 thousand

County and local tax money24%

Money passed on by the county or other local governments.

From the county and other local governments
24%$136 thousand

Fines and other11%

Interest, rents and other
11%$64 thousand

Where it goes

Running the government and other costs50%Police, fire, courts and jails25%Parks, recreation and libraries18%Roads, transit and parking6.0%

What stands out

18%

of Altamont'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
50%$126 thousand
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$95 thousand
  • Central staff services (personnel, purchasing, technology)$27 thousand
  • Finance, tax collection and budgeting$4 thousand
Police, fire, courts and jails
25%$63 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$63 thousand
Parks, recreation and libraries
18%$46 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$27 thousand
  • Parks and recreation$19 thousand
Roads, transit and parking
6.0%$15 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$15 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Altamont. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Altamont 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.