City government · Deaf Smith County, TX

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

In the latest recorded fiscal year (ended September 30, 2021), Hereford took in $47.0 million and spent $24.5 million.

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

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Where it comes from

Fines and other54%Fees for services (water, garbage collection)26%City taxes17%State tax money3.0%

What stands out

54%

of Hereford's money comes from interest, rents and other revenue.A typical U.S. city of 10,000 to 50,000 people gets 4.9%.

City taxes17%

Sales tax
7.3%$3.4 million
Property tax
5.5%$2.6 million
Other taxes
4.0%$1.9 million
What's in other taxesPublic utility taxes and other selective sales taxes
  • Public utility taxes$1.5 million
  • Other selective sales taxes$309 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$12.1 million
What's in fees for servicesWater; garbage collection and 4 more
  • Water$5.9 million
  • Garbage collection$2.8 million
  • Sewer$2.0 million
  • Other service charges$752 thousand
  • Parks and recreation$432 thousand
  • Airport$262 thousand

Amounts are by Census type of charge.

State tax money3.0%

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

From the state
3.0%$1.4 million

Fines and other54%

Interest, rents and other
54%$25.2 million
Fines
0.6%$296 thousand

Where it goes

Running the government and other costs33%Water, sewer, trash and utilities24%Police, fire, courts and jails21%Roads, transit and parking12%Parks, recreation and libraries8.5%All other spending0.6%

What stands out

33%

of Hereford's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
33%$8.1 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$7.0 million
  • Finance, tax collection and budgeting$620 thousand
  • Central staff services (personnel, purchasing, technology)$473 thousand
Water, sewer, trash and utilities
24%$6.0 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$2.6 million
  • Garbage and solid waste$2.2 million
  • Sewer systems$1.2 million
Police, fire, courts and jails
21%$5.1 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$4.0 million
  • Fire protection$593 thousand
  • Inspections and regulation$390 thousand
  • Courts and legal services$206 thousand
Roads, transit and parking
12%$3.0 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$2.2 million
  • Airports$779 thousand
Parks, recreation and libraries
8.5%$2.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.1 million
Interest on debt
0.4%$96 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$69 thousand
  • Interest on general debt$27 thousand
Health and hospitals
0.2%$55 thousand
What's in health and hospitalsPublic health
  • Public health$55 thousand
Sources and moreWhere these numbers come from and what they cover

City of Hereford. 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 Hereford 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.