Town government · Hamilton County, TN

Lookout Mountain's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Lookout Mountain took in $8.3 million and spent $3.8 million.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Town taxes74%Fines and other14%State tax money11%County and local tax money0.5%Fees for services0.5%

What stands out

70%

of Lookout Mountain's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Town taxes74%

Property tax
70%$5.8 million
Other taxes
4.1%$339 thousand
What's in other taxesOther licenses; public utility taxes and 2 more
  • Other licenses$195 thousand
  • Public utility taxes$93 thousand
  • Motor vehicle licenses$28 thousand
  • Occupation and business licenses$23 thousand

Amounts are by Census tax category.

Fees for services0.5%

Fees for services
0.5%$38 thousand
What's in fees for servicesOther service charges
  • Other service charges$38 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$890 thousand

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$44 thousand

Fines and other14%

Interest, rents and other
14%$1.2 million
Fines
0.2%$17 thousand

Where it goes

Police, fire, courts and jails51%Roads, transit and parking20%Schools and colleges15%Running the government and other costs6.9%Parks, recreation and libraries5.1%All other spending1.6%

What stands out

51%

of Lookout Mountain'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%

Police, fire, courts and jails
51%$1.9 million
What's in police, fire, courts and jailsFire protection; courts and legal services and 1 more
  • Fire protection$1.7 million
  • Courts and legal services$130 thousand
  • Police$70 thousand
Roads, transit and parking
20%$775 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$775 thousand
Schools and colleges
15%$565 thousand
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$565 thousand
Running the government and other costs
6.9%$260 thousand
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$130 thousand
  • Central staff services (personnel, purchasing, technology)$130 thousand
Parks, recreation and libraries
5.1%$195 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$195 thousand
Water, sewer, trash and utilities
1.4%$54 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$54 thousand
Interest on debt
0.1%$5 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Lookout Mountain. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Lookout Mountain 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.