City government · Hamilton County, TN

Soddy Daisy's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Soddy Daisy took in $14.7 million and spent $14.7 million.

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

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Where it comes from

City taxes54%State tax money37%Fines and other8.0%Federal tax money1.1%

What stands out

21%

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

City taxes54%

Property tax
27%$4.0 million
Sales tax
21%$3.1 million
Other taxes
5.6%$825 thousand
What's in other taxesAlcoholic beverage taxes; public utility taxes and 3 more
  • Alcoholic beverage taxes$485 thousand
  • Public utility taxes$146 thousand
  • Other licenses$140 thousand
  • Other taxes not classified elsewhere$30 thousand
  • Occupation and business licenses$24 thousand

Amounts are by Census tax category.

Fees for services<0.1%

Fees for services
<0.1%$4 thousand
What's in fees for servicesOther service charges
  • Other service charges$4 thousand

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government
1.1%$160 thousand

State tax money37%

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

From the state
37%$5.5 million

Fines and other8.0%

Interest, rents and other
7.2%$1.1 million
Fines
0.8%$118 thousand

Where it goes

Police, fire, courts and jails42%Roads, transit and parking42%Running the government and other costs11%Water, sewer, trash and utilities3.7%Parks, recreation and libraries0.9%Interest on debt0.1%

What stands out

42%

of Soddy Daisy's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Police, fire, courts and jails
42%$6.2 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$4.4 million
  • Fire protection$1.6 million
  • Courts and legal services$248 thousand
Roads, transit and parking
42%$6.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$6.2 million
Running the government and other costs
11%$1.6 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$1.6 million
Water, sewer, trash and utilities
3.7%$549 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$549 thousand
Parks, recreation and libraries
0.9%$132 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$132 thousand
Interest on debt
0.1%$21 thousand
Sources and moreWhere these numbers come from and what they cover

City of Soddy Daisy. 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 Soddy Daisy 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.