Town government · Mitchell County, TX

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

In the latest recorded fiscal year (ended March 31, 2022), Loraine took in $718 thousand and spent $12 thousand.

Latest recorded year: ended March 31, 2022Comes fromGoes to

See every government that serves your ZIP

Where it comes from

Fees for services (water, sewer)83%State tax money9.7%County and local tax money5.6%Town taxes1.5%

What stands out

83%

of Loraine's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Town taxes1.5%

Other taxes
1.5%$11 thousand
What's in other taxesOther selective sales taxes
  • Other selective sales taxes$11 thousand

Amounts are by Census tax category.

Fees for services83%

Fees for services
83%$597 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$262 thousand
  • Sewer$159 thousand
  • Garbage collection$158 thousand
  • Other service charges$18 thousand

Amounts are by Census type of charge.

State tax money9.7%

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

From the state
9.7%$70 thousand

County and local tax money5.6%

Money passed on by the county or other local governments.

From the county and other local governments
5.6%$40 thousand

Where it goes

Interest on debt42%Running the government and other costs33%Water, sewer, trash and utilities17%Roads, transit and parking8.3%

What stands out

42%

of Loraine'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%

Interest on debt
42%$5 thousand
Running the government and other costs
33%$4 thousand
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$2 thousand
  • Central staff services (personnel, purchasing, technology)$2 thousand
Water, sewer, trash and utilities
17%$2 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$2 thousand
Roads, transit and parking
8.3%$1 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Loraine. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Loraine 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.