City government · Shelby County, TN

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

In the latest recorded fiscal year (ended June 30, 2024), Lakeland took in $42.7 million and spent $50.0 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money37%County and local tax money25%City taxes22%Fees for services (sewer, garbage collection)14%Fines and other1.2%Federal tax money<0.1%

What stands out

25%

of Lakeland's money comes from county and other local tax money.A typical U.S. city of 10,000 to 50,000 people gets 0.8%.

City taxes22%

Property tax
14%$5.9 million
Sales tax
6.7%$2.9 million
Other taxes
2.0%$856 thousand
What's in other taxesOccupation and business licenses; alcoholic beverage taxes and 5 more
  • Occupation and business licenses$257 thousand
  • Alcoholic beverage taxes$235 thousand
  • Other licenses$193 thousand
  • Public utility licenses$125 thousand
  • Other selective sales taxes$26 thousand
  • Public utility taxes$18 thousand
  • Alcoholic beverage licenses$2 thousand

Amounts are by Census tax category.

Fees for services14%

Fees for services
14%$6.2 million
What's in fees for servicesSewer; other school charges and 4 more
  • Sewer$2.4 million
  • Other school charges$1.5 million
  • Garbage collection$1.4 million
  • School lunches$508 thousand
  • Water$212 thousand
  • Parks and recreation$132 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$42 thousand

State tax money37%

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

From the state
37%$15.8 million

County and local tax money25%

Money passed on by the county or other local governments.

From the county and other local governments
25%$10.6 million

Fines and other1.2%

Interest, rents and other
1.2%$491 thousand
Fines
<0.1%$2 thousand

Where it goes

Schools and colleges55%Running the government and other costs23%Roads, transit and parking8.1%Water, sewer, trash and utilities7.0%Parks, recreation and libraries3.7%All other spending3.8%

What stands out

55%

of Lakeland's spending goes to schools and colleges.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
55%$27.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$27.4 million
Running the government and other costs
23%$11.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$9.3 million
  • Other and not broken out$1.5 million
  • Finance, tax collection and budgeting$441 thousand
Roads, transit and parking
8.1%$4.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.1 million
Water, sewer, trash and utilities
7.0%$3.5 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; sewer systems and 1 more
  • Garbage and solid waste$1.8 million
  • Sewer systems$1.6 million
  • Water supply$144 thousand
Parks, recreation and libraries
3.7%$1.8 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.8 million
Interest on debt
2.9%$1.4 million
Health and hospitals
0.6%$311 thousand
What's in health and hospitalsPublic health
  • Public health$311 thousand
Sent to other local governments
0.3%$126 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$126 thousand
Police, fire, courts and jails
<0.1%$16 thousand
What's in police, fire, courts and jailsCourts and legal services
  • Courts and legal services$16 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lakeland. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Lakeland 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.