City government · Tarrant County, TX

Lake Worth's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2021), Lake Worth took in $18.3 million and spent $13.7 million.

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

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Where it comes from

City taxes74%Fees for services (water, sewer)17%Fines and other4.8%County and local tax money3.7%State tax money0.2%

What stands out

55%

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

City taxes74%

Sales tax
55%$10.1 million
Property tax
14%$2.6 million
Other taxes
4.8%$879 thousand
What's in other taxesPublic utility taxes; occupation and business licenses and 3 more
  • Public utility taxes$408 thousand
  • Occupation and business licenses$286 thousand
  • Other selective sales taxes$171 thousand
  • Alcoholic beverage licenses$8 thousand
  • Other licenses$6 thousand

Amounts are by Census tax category.

Fees for services17%

Fees for services
17%$3.2 million
What's in fees for servicesWater; sewer and 3 more
  • Water$1.5 million
  • Sewer$1.4 million
  • Garbage collection$205 thousand
  • Other service charges$80 thousand
  • Parks and recreation$16 thousand

Amounts are by Census type of charge.

State tax money0.2%

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

From the state
0.2%$30 thousand

County and local tax money3.7%

Money passed on by the county or other local governments.

From the county and other local governments
3.7%$678 thousand

Fines and other4.8%

Fines
2.9%$525 thousand
Interest, rents and other
1.9%$354 thousand

Where it goes

Police, fire, courts and jails51%Running the government and other costs17%Water, sewer, trash and utilities14%Roads, transit and parking7.4%Parks, recreation and libraries5.9%All other spending4.2%

What stands out

51%

of Lake Worth's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
51%$7.1 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$3.9 million
  • Fire protection$2.6 million
  • Inspections and regulation$285 thousand
  • Courts and legal services$262 thousand
Running the government and other costs
17%$2.3 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$993 thousand
  • Other and not broken out$718 thousand
  • Finance, tax collection and budgeting$545 thousand
  • Government buildings$64 thousand
Water, sewer, trash and utilities
14%$1.9 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$1.0 million
  • Sewer systems$690 thousand
  • Garbage and solid waste$200 thousand
Roads, transit and parking
7.4%$1.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.0 million
Parks, recreation and libraries
5.9%$816 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$499 thousand
  • Libraries$317 thousand
Interest on debt
2.8%$386 thousand
Health and hospitals
1.3%$185 thousand
What's in health and hospitalsPublic health
  • Public health$185 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lake Worth. 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 Lake Worth 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.