Town government · Tarrant County, TX

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

In the latest recorded fiscal year (ended September 30, 2023), Bedford took in $87.9 million and spent $83.2 million.

Latest recorded year: ended September 30, 2023Comes fromGoes to

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Where it comes from

Town taxes54%Fees for services (water, sewer)35%Fines and other7.6%State tax money1.4%Federal tax money1.4%County and local tax money0.5%

What stands out

18%

of Bedford's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

Town taxes54%

Property tax
29%$25.8 million
Sales tax
18%$15.9 million
Other taxes
6.4%$5.7 million
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$2.9 million
  • Other selective sales taxes$1.5 million
  • Other licenses$1.2 million

Amounts are by Census tax category.

Fees for services35%

Fees for services
35%$30.9 million
What's in fees for servicesWater; sewer and 3 more
  • Water$17.2 million
  • Sewer$9.5 million
  • Other service charges$3.9 million
  • Garbage collection$171 thousand
  • Parks and recreation$147 thousand

Amounts are by Census type of charge.

Federal tax money1.4%

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

From the federal government
1.4%$1.2 million

State tax money1.4%

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

From the state
1.4%$1.2 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$475 thousand

Fines and other7.6%

Interest, rents and other
5.9%$5.2 million
Fines
1.7%$1.5 million

Where it goes

Police, fire, courts and jails33%Water, sewer, trash and utilities23%Parks, recreation and libraries17%Running the government and other costs14%Roads, transit and parking7.1%All other spending5.6%

What stands out

17%

of Bedford's spending goes to parks, recreation and libraries.A typical U.S. city of 10,000 to 50,000 people spends 5.6%.

Spending by category100%

Police, fire, courts and jails
33%$27.5 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$14.3 million
  • Fire protection$11.3 million
  • Inspections and regulation$1.2 million
  • Courts and legal services$817 thousand
Water, sewer, trash and utilities
23%$19.3 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$12.4 million
  • Sewer systems$6.9 million
  • Garbage and solid waste$23 thousand
Parks, recreation and libraries
17%$13.9 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$12.0 million
  • Libraries$1.9 million
Running the government and other costs
14%$11.9 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$4.9 million
  • Central staff services (personnel, purchasing, technology)$4.4 million
  • Government buildings$1.4 million
  • Finance, tax collection and budgeting$1.2 million
Roads, transit and parking
7.1%$5.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$5.9 million
Interest on debt
4.9%$4.1 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.7 million
  • Interest on water supply debt$1.4 million
Environment and natural resources
0.7%$553 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$553 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Bedford. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended September 30, 2023.

What this covers. The money of Town of Bedford 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.