City government · Madison County, TN

Three Way's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Three Way took in $1.1 million and spent $875 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

City taxes70%County and local tax money22%State tax money6.2%Fines and other0.7%Fees for services (parks and recreation)0.4%

What stands out

22%

of Three Way's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes70%

Property tax
27%$301 thousand
Other taxes
22%$249 thousand
What's in other taxesOther selective sales taxes and alcoholic beverage taxes
  • Other selective sales taxes$213 thousand
  • Alcoholic beverage taxes$36 thousand

Amounts are by Census tax category.

Sales tax
21%$232 thousand

Fees for services0.4%

Fees for services
0.4%$5 thousand
What's in fees for servicesParks and recreation
  • Parks and recreation$5 thousand

Amounts are by Census type of charge.

State tax money6.2%

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

From the state
6.2%$69 thousand

County and local tax money22%

Money passed on by the county or other local governments.

From the county and other local governments
22%$250 thousand

Fines and other0.7%

Interest, rents and other
0.7%$8 thousand

Where it goes

Running the government and other costs80%Police, fire, courts and jails11%Interest on debt8.0%Water, sewer, trash and utilities0.2%

What stands out

80%

of Three Way's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
80%$703 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$630 thousand
  • Central staff services (personnel, purchasing, technology)$64 thousand
  • Government buildings$9 thousand
Police, fire, courts and jails
11%$100 thousand
What's in police, fire, courts and jailsPolice
  • Police$100 thousand
Interest on debt
8.0%$70 thousand
Water, sewer, trash and utilities
0.2%$2 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Three Way. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Three Way 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.