City government · Grimes County, TX
Iola's money: where it comes from and where it goes
In the latest recorded fiscal year (ended September 30, 2023), Iola took in $384 thousand.
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Where it comes from
What stands out
of Iola's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.
City taxes28%
Federal tax money72%
Grants from Washington, paid for by the federal taxes residents also pay.
Sources and moreWhere these numbers come from and what they cover
City of Iola. 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 City of Iola 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.