City government · Hamilton County, TN

Red Bank's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Red Bank took in $12.8 million and spent $9.7 million.

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

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Where it comes from

City taxes62%County and local tax money13%Fees for services (garbage collection, parks and recreation)12%State tax money7.1%Fines and other6.2%

What stands out

15%

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

City taxes62%

Property tax
41%$5.3 million
Sales tax
15%$1.9 million
Other taxes
5.6%$716 thousand
What's in other taxesAlcoholic beverage taxes; other licenses and 4 more
  • Alcoholic beverage taxes$353 thousand
  • Other licenses$190 thousand
  • Public utility taxes$166 thousand
  • Alcoholic beverage licenses$3 thousand
  • Occupation and business licenses$3 thousand
  • Motor vehicle licenses$1 thousand

Amounts are by Census tax category.

Fees for services12%

Fees for services
12%$1.5 million
What's in fees for servicesGarbage collection; other service charges and 1 more
  • Garbage collection$982 thousand
  • Other service charges$517 thousand
  • Parks and recreation$19 thousand

Amounts are by Census type of charge.

State tax money7.1%

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

From the state
7.1%$909 thousand

County and local tax money13%

Money passed on by the county or other local governments.

From the county and other local governments
13%$1.6 million

Fines and other6.2%

Interest, rents and other
5.0%$641 thousand
Fines
1.2%$155 thousand

Where it goes

Police, fire, courts and jails46%Running the government and other costs25%Water, sewer, trash and utilities15%Roads, transit and parking7.1%Parks, recreation and libraries4.5%All other spending2.3%

What stands out

46%

of Red Bank's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
46%$4.5 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.4 million
  • Fire protection$1.8 million
  • Courts and legal services$177 thousand
Running the government and other costs
25%$2.4 million
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 2 more
  • Finance, tax collection and budgeting$1.1 million
  • Other and not broken out$629 thousand
  • Central staff services (personnel, purchasing, technology)$488 thousand
  • Government buildings$268 thousand
Water, sewer, trash and utilities
15%$1.4 million
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$985 thousand
  • Sewer systems$455 thousand
Roads, transit and parking
7.1%$690 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$690 thousand
Parks, recreation and libraries
4.5%$439 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$439 thousand
Sent to other local governments
0.9%$83 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$83 thousand
Interest on debt
0.8%$79 thousand
Health and hospitals
0.6%$57 thousand
What's in health and hospitalsPublic health
  • Public health$57 thousand
Sources and moreWhere these numbers come from and what they cover

City of Red Bank. 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 Red Bank 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.