Village government · Denton County, TX
Lakewood's money: where it comes from and where it goes
In the latest recorded fiscal year (ended September 30, 2021), Lakewood took in $1.0 million and spent $302 thousand.
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Where it comes from
What stands out
of Lakewood's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.
Village taxes57%
Fees for services31%
What's in fees for servicesWater and sewer
- Water$179 thousand
- Sewer$135 thousand
Amounts are by Census type of charge.
State tax money12%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other1.0%
Where it goes
What stands out
of Lakewood'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%
What's in sent to other local governmentsSent to local governments: other and not broken out
- Sent to local governments: other and not broken out$32 thousand
What's in police, fire, courts and jailsInspections and regulation
- Inspections and regulation$28 thousand
What's in running the government and other costsGovernment buildings
- Government buildings$16 thousand
Sources and moreWhere these numbers come from and what they cover
Village of Lakewood. 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 Village of Lakewood 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.