City government · Hamilton County, TX

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

In the latest recorded fiscal year (ended September 30, 2021), Hico took in $2.9 million and spent $2.4 million.

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

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Where it comes from

City taxes45%Fees for services (water, garbage collection)32%State tax money13%Fines and other10%

What stands out

24%

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

City taxes45%

Sales tax
24%$704 thousand
Property tax
17%$515 thousand
Other taxes
4.0%$117 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$88 thousand
  • Other selective sales taxes$23 thousand
  • Other licenses$6 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$932 thousand
What's in fees for servicesWater; garbage collection and 1 more
  • Water$493 thousand
  • Garbage collection$227 thousand
  • Sewer$212 thousand

Amounts are by Census type of charge.

State tax money13%

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

From the state
13%$371 thousand

Fines and other10%

Interest, rents and other
7.8%$229 thousand
Fines
2.6%$76 thousand

Where it goes

Water, sewer, trash and utilities43%Running the government and other costs28%Police, fire, courts and jails15%Interest on debt5.1%Roads, transit and parking4.8%Parks, recreation and libraries4.0%

What stands out

5.1%

of Hico's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
43%$1.0 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$554 thousand
  • Sewer systems$325 thousand
  • Garbage and solid waste$165 thousand
Running the government and other costs
28%$670 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$348 thousand
  • Other and not broken out$322 thousand
Police, fire, courts and jails
15%$366 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$269 thousand
  • Police$66 thousand
  • Courts and legal services$31 thousand
Interest on debt
5.1%$122 thousand
Roads, transit and parking
4.8%$116 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$116 thousand
Parks, recreation and libraries
4.0%$96 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$96 thousand
Sources and moreWhere these numbers come from and what they cover

City of Hico. 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 Hico 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.