City government · Wilson County, TN

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

In the latest recorded fiscal year (ended June 30, 2022), Watertown took in $1.4 million and spent $581 thousand.

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

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Where it comes from

City taxes52%Fees for services (sewer, water)39%Federal tax money5.6%State tax money2.6%Fines and other<0.1%

What stands out

27%

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

City taxes52%

Sales tax
27%$384 thousand
Property tax
15%$212 thousand
Other taxes
10%$144 thousand
What's in other taxesAlcoholic beverage taxes; occupation and business licenses and 3 more
  • Alcoholic beverage taxes$59 thousand
  • Occupation and business licenses$44 thousand
  • Other taxes not classified elsewhere$28 thousand
  • Public utility taxes$12 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$556 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$267 thousand
  • Water$267 thousand
  • Other service charges$17 thousand
  • Garbage collection$5 thousand

Amounts are by Census type of charge.

Federal tax money5.6%

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

From the federal government
5.6%$79 thousand

State tax money2.6%

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

From the state
2.6%$37 thousand

Fines and other<0.1%

Interest, rents and other
<0.1%$1 thousand

Where it goes

Police, fire, courts and jails84%Water, sewer, trash and utilities11%Interest on debt2.9%Running the government and other costs2.2%

What stands out

84%

of Watertown's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
84%$487 thousand
What's in police, fire, courts and jailsPolice
  • Police$487 thousand
Water, sewer, trash and utilities
11%$64 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$32 thousand
  • Water supply$32 thousand
Interest on debt
2.9%$17 thousand
Running the government and other costs
2.2%$13 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$13 thousand
Sources and moreWhere these numbers come from and what they cover

City of Watertown. 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 Watertown 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.