Town government · Obion County, TN

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

In the latest recorded fiscal year (ended June 30, 2022), Troy took in $2.3 million.

Latest recorded year: ended June 30, 2022Comes from

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Where it comes from

Fees for services (water, gas)56%Town taxes37%Fines and other4.6%State tax money2.3%County and local tax money0.3%

What stands out

21%

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

Town taxes37%

Sales tax
21%$485 thousand
Property tax
12%$283 thousand
Other taxes
4.0%$94 thousand
What's in other taxesPublic utility taxes; motor vehicle licenses and 3 more
  • Public utility taxes$49 thousand
  • Motor vehicle licenses$20 thousand
  • Public utility licenses$20 thousand
  • Alcoholic beverage taxes$4 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services56%

Fees for services
56%$1.3 million
What's in fees for servicesWater; gas and 2 more
  • Water$475 thousand
  • Gas$379 thousand
  • Sewer$301 thousand
  • Garbage collection$156 thousand

Amounts are by Census type of charge.

State tax money2.3%

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

From the state
2.3%$53 thousand

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$8 thousand

Fines and other4.6%

Fines
2.9%$68 thousand
Interest, rents and other
1.7%$40 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Troy. 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 Troy 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.