Town government · Knox County, TN

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

In the latest recorded fiscal year (ended June 30, 2022), Farragut took in $18.9 million and spent $8.1 million.

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

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Where it comes from

Town taxes64%State tax money26%Fees for services (parks and recreation)4.8%Fines and other4.5%County and local tax money0.2%

What stands out

51%

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

Town taxes64%

Sales tax
51%$9.7 million
Other taxes
13%$2.5 million
What's in other taxesAlcoholic beverage taxes; other selective sales taxes and 2 more
  • Alcoholic beverage taxes$1.4 million
  • Other selective sales taxes$784 thousand
  • Public utility taxes$244 thousand
  • Alcoholic beverage licenses$27 thousand

Amounts are by Census tax category.

Fees for services4.8%

Fees for services
4.8%$912 thousand
What's in fees for servicesParks and recreation and other government-run businesses
  • Parks and recreation$622 thousand
  • Other government-run businesses$290 thousand

Amounts are by Census type of charge.

State tax money26%

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

From the state
26%$5.0 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$37 thousand

Fines and other4.5%

Interest, rents and other
4.5%$852 thousand

Where it goes

Running the government and other costs48%Parks, recreation and libraries26%Police, fire, courts and jails14%Roads, transit and parking11%Sent to other local governments0.5%

What stands out

26%

of Farragut's spending goes to parks, recreation and libraries.A typical U.S. city of 10,000 to 50,000 people spends 5.6%.

Spending by category100%

Running the government and other costs
48%$3.9 million
What's in running the government and other costsGovernment buildings; finance, tax collection and budgeting and 2 more
  • Government buildings$2.4 million
  • Finance, tax collection and budgeting$788 thousand
  • Other and not broken out$429 thousand
  • Central staff services (personnel, purchasing, technology)$343 thousand
Parks, recreation and libraries
26%$2.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.1 million
Police, fire, courts and jails
14%$1.1 million
What's in police, fire, courts and jailsInspections and regulation and courts and legal services
  • Inspections and regulation$998 thousand
  • Courts and legal services$111 thousand
Roads, transit and parking
11%$922 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$922 thousand
Sent to other local governments
0.5%$41 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$41 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Farragut. 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 Farragut 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.