City government · Hamblen County, TN

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

In the latest recorded fiscal year (ended June 30, 2024), Morristown took in $159 million and spent $96.9 million.

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

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Where it comes from

Fees for services (electric power, sewer)73%City taxes22%State tax money4.4%Fines and other1.1%County and local tax money0.3%Federal tax money0.2%

What stands out

12%

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

City taxes22%

Sales tax
12%$19.3 million
Property tax
9.4%$15.0 million

Fees for services73%

Fees for services
73%$116 million
What's in fees for servicesElectric power; sewer and 1 more
  • Electric power$87.7 million
  • Sewer$18.7 million
  • Water$9.2 million

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$255 thousand

State tax money4.4%

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

From the state
4.4%$7.0 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$401 thousand

Fines and other1.1%

Interest, rents and other
1.1%$1.7 million

Where it goes

Water, sewer, trash and utilities98%Interest on debt2.1%

What stands out

98%

of Morristown's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
98%$94.9 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 1 more
  • Electric power$78.7 million
  • Sewer systems$9.6 million
  • Water supply$6.6 million
Interest on debt
2.1%$2.0 million
What's in interest on debtInterest on general debt; interest on electric power debt and 1 more
  • Interest on general debt$1.4 million
  • Interest on electric power debt$476 thousand
  • Interest on water supply debt$156 thousand
Sources and moreWhere these numbers come from and what they cover

City of Morristown. 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 Morristown 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.