City government · Gregg County, TX

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

In the latest recorded fiscal year (ended September 30, 2021), Lakeport took in $1.1 million and spent $535 thousand.

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

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Where it comes from

City taxes63%Fees for services (sewer)13%Federal tax money13%Fines and other9.7%State tax money1.5%

What stands out

24%

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

City taxes63%

Property tax
39%$420 thousand
Sales tax
24%$252 thousand

Fees for services13%

Fees for services
13%$141 thousand
What's in fees for servicesSewer
  • Sewer$141 thousand

Amounts are by Census type of charge.

Federal tax money13%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
13%$136 thousand

State tax money1.5%

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

From the state
1.5%$16 thousand

Fines and other9.7%

Fines
6.6%$71 thousand
Interest, rents and other
3.1%$33 thousand

Where it goes

Running the government and other costs42%Police, fire, courts and jails29%Water, sewer, trash and utilities14%Interest on debt8.4%Sent to other local governments6.2%Health and hospitals0.2%

What stands out

29%

of Lakeport'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%

Running the government and other costs
42%$224 thousand
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$101 thousand
  • Central staff services (personnel, purchasing, technology)$83 thousand
  • Finance, tax collection and budgeting$31 thousand
  • Government buildings$9 thousand
Police, fire, courts and jails
29%$157 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$140 thousand
  • Courts and legal services$17 thousand
Water, sewer, trash and utilities
14%$75 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$75 thousand
Interest on debt
8.4%$45 thousand
Sent to other local governments
6.2%$33 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$33 thousand
Health and hospitals
0.2%$1 thousand
What's in health and hospitalsPublic health
  • Public health$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lakeport. 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 Lakeport 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.