City government · Panola County, TX

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

In the latest recorded fiscal year (ended September 30, 2023), Carthage took in $58.4 million and spent $21.9 million.

Latest recorded year: ended September 30, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money54%City taxes26%Fees for services (water, sewer)15%Fines and other4.8%

What stands out

54%

of Carthage's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

City taxes26%

Sales tax
15%$9.0 million
Property tax
7.5%$4.4 million
Other taxes
3.5%$2.0 million
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$934 thousand
  • Other selective sales taxes$833 thousand
  • Other licenses$277 thousand

Amounts are by Census tax category.

Fees for services15%

Fees for services
15%$8.7 million
What's in fees for servicesWater; sewer and 2 more
  • Water$3.7 million
  • Sewer$3.0 million
  • Garbage collection$1.9 million
  • Parks and recreation$17 thousand

Amounts are by Census type of charge.

State tax money54%

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

From the state
54%$31.4 million

Fines and other4.8%

Interest, rents and other
3.5%$2.0 million
Fines
1.3%$770 thousand

Where it goes

Water, sewer, trash and utilities38%Running the government and other costs22%Police, fire, courts and jails17%Roads, transit and parking11%Parks, recreation and libraries6.7%All other spending5.4%

What stands out

6.7%

of Carthage's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
38%$8.2 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$2.8 million
  • Garbage and solid waste$2.7 million
  • Water supply$2.7 million
Running the government and other costs
22%$4.8 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$3.7 million
  • Central staff services (personnel, purchasing, technology)$741 thousand
  • Finance, tax collection and budgeting$329 thousand
  • Government buildings$21 thousand
Police, fire, courts and jails
17%$3.8 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$2.1 million
  • Fire protection$1.1 million
  • Inspections and regulation$337 thousand
  • Courts and legal services$172 thousand
Roads, transit and parking
11%$2.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.4 million
Parks, recreation and libraries
6.7%$1.5 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.2 million
  • Libraries$216 thousand
Interest on debt
2.8%$616 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$341 thousand
  • Interest on general debt$275 thousand
Housing and community development
2.6%$566 thousand
Sources and moreWhere these numbers come from and what they cover

City of Carthage. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended September 30, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Carthage 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.