City government · Cocke County, TN

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

In the latest recorded fiscal year (ended June 30, 2024), Newport took in $22.5 million and spent $23.8 million.

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

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Where it comes from

City taxes48%State tax money36%County and local tax money9.9%Fees for services (school lunches, parks and recreation)3.0%Fines and other2.6%

What stands out

25%

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

City taxes48%

Sales tax
25%$5.5 million
Property tax
16%$3.7 million
Other taxes
7.4%$1.7 million
What's in other taxesAlcoholic beverage taxes; occupation and business licenses and 3 more
  • Alcoholic beverage taxes$769 thousand
  • Occupation and business licenses$460 thousand
  • Other selective sales taxes$345 thousand
  • Public utility taxes$73 thousand
  • Alcoholic beverage licenses$18 thousand

Amounts are by Census tax category.

Fees for services3.0%

Fees for services
3.0%$665 thousand
What's in fees for servicesOther school charges; school lunches and 4 more
  • Other school charges$302 thousand
  • School lunches$126 thousand
  • Parks and recreation$123 thousand
  • School tuition and transportation$74 thousand
  • Garbage collection$34 thousand
  • Other service charges$6 thousand

Amounts are by Census type of charge.

State tax money36%

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

From the state
36%$8.1 million

County and local tax money9.9%

Money passed on by the county or other local governments.

From the county and other local governments
9.9%$2.2 million

Fines and other2.6%

Interest, rents and other
2.4%$530 thousand
Fines
0.2%$56 thousand

Where it goes

Schools and colleges41%Police, fire, courts and jails22%Running the government and other costs13%Roads, transit and parking9.0%Parks, recreation and libraries7.3%All other spending7.5%

What stands out

41%

of Newport's spending goes to schools and colleges.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Schools and colleges
41%$9.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$9.7 million
Police, fire, courts and jails
22%$5.2 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.7 million
  • Fire protection$2.5 million
  • Courts and legal services$42 thousand
Running the government and other costs
13%$3.2 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$1.4 million
  • Finance, tax collection and budgeting$936 thousand
  • Central staff services (personnel, purchasing, technology)$620 thousand
  • Government buildings$264 thousand
Roads, transit and parking
9.0%$2.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.1 million
Parks, recreation and libraries
7.3%$1.7 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.7 million
Water, sewer, trash and utilities
3.2%$754 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$754 thousand
Housing and community development
2.9%$693 thousand
Health and hospitals
1.1%$272 thousand
What's in health and hospitalsPublic health
  • Public health$272 thousand
Interest on debt
0.2%$59 thousand
Sent to other local governments
<0.1%$9 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$9 thousand
Sources and moreWhere these numbers come from and what they cover

City of Newport. 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 Newport 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.