Town government · Gibson County, TN

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

In the latest recorded fiscal year (ended June 30, 2022), Gibson took in $561 thousand and spent $418 thousand.

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

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Where it comes from

Town taxes34%Fees for services (water, garbage collection)33%Fines and other17%Federal tax money14%State tax money2.5%

What stands out

14%

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

Town taxes34%

Sales tax
14%$80 thousand
Other taxes
14%$79 thousand
What's in other taxesOther selective sales taxes; alcoholic beverage taxes and 4 more
  • Other selective sales taxes$43 thousand
  • Alcoholic beverage taxes$18 thousand
  • Other taxes not classified elsewhere$9 thousand
  • Motor vehicle licenses$4 thousand
  • Occupation and business licenses$3 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Property tax
6.1%$34 thousand

Fees for services33%

Fees for services
33%$183 thousand
What's in fees for servicesWater; garbage collection and 1 more
  • Water$140 thousand
  • Garbage collection$42 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$76 thousand

State tax money2.5%

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

From the state
2.5%$14 thousand

Fines and other17%

Interest, rents and other
9.8%$55 thousand
Fines
7.1%$40 thousand

Where it goes

Running the government and other costs37%Police, fire, courts and jails33%Water, sewer, trash and utilities30%

What stands out

33%

of Gibson's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
37%$153 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$126 thousand
  • Finance, tax collection and budgeting$27 thousand
Police, fire, courts and jails
33%$140 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$133 thousand
  • Fire protection$7 thousand
Water, sewer, trash and utilities
30%$125 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$125 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Gibson. 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 Gibson 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.