City government · Hill County, TX

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

In the latest recorded fiscal year (ended September 30, 2021), Abbott took in $408 thousand and spent $211 thousand.

Latest recorded year: ended September 30, 2021Comes fromGoes to

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Where it comes from

Fees for services (water, garbage collection)48%City taxes37%Federal tax money11%Fines and other3.9%

What stands out

32%

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

City taxes37%

Sales tax
32%$129 thousand
Other taxes
5.6%$23 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$23 thousand

Amounts are by Census tax category.

Fees for services48%

Fees for services
48%$194 thousand
What's in fees for servicesWater; garbage collection and 1 more
  • Water$136 thousand
  • Garbage collection$32 thousand
  • Sewer$26 thousand

Amounts are by Census type of charge.

Federal tax money11%

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

From the federal government
11%$46 thousand

Fines and other3.9%

Interest, rents and other
3.9%$16 thousand

Where it goes

Water, sewer, trash and utilities42%Running the government and other costs35%Roads, transit and parking24%

What stands out

24%

of Abbott's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
42%$88 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$45 thousand
  • Garbage and solid waste$27 thousand
  • Sewer systems$16 thousand
Running the government and other costs
35%$73 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$61 thousand
  • Finance, tax collection and budgeting$10 thousand
  • Other and not broken out$2 thousand
Roads, transit and parking
24%$50 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$50 thousand
Sources and moreWhere these numbers come from and what they cover

City of Abbott. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Abbott 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.