Town government · Grundy County, TN

Tracy City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Tracy City took in $741 thousand and spent $428 thousand.

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

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Where it comes from

Town taxes55%Federal tax money28%State tax money6.7%Fines and other6.3%County and local tax money4.5%

What stands out

33%

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

Town taxes55%

Sales tax
33%$242 thousand
Property tax
16%$115 thousand
Other taxes
6.3%$47 thousand
What's in other taxesAlcoholic beverage taxes and alcoholic beverage licenses
  • Alcoholic beverage taxes$46 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Federal tax money28%

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

From the federal government
28%$207 thousand

State tax money6.7%

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

From the state
6.7%$50 thousand

County and local tax money4.5%

Money passed on by the county or other local governments.

From the county and other local governments
4.5%$33 thousand

Fines and other6.3%

Interest, rents and other
5.9%$44 thousand
Fines
0.4%$3 thousand

Where it goes

Running the government and other costs77%Police, fire, courts and jails17%Interest on debt5.6%Parks, recreation and libraries0.5%

What stands out

77%

of Tracy City'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
77%$329 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$268 thousand
  • Finance, tax collection and budgeting$58 thousand
  • Central staff services (personnel, purchasing, technology)$3 thousand
Police, fire, courts and jails
17%$73 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$72 thousand
  • Courts and legal services$1 thousand
Interest on debt
5.6%$24 thousand
Parks, recreation and libraries
0.5%$2 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Tracy City. 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 Town of Tracy City 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.