City government · Montgomery County, TX
Magnolia's money: where it comes from and where it goes
In the latest recorded fiscal year (ended September 30, 2021), Magnolia took in $6.9 million and spent $2.1 million.
See every government that serves your ZIP
Where it comes from
What stands out
of Magnolia's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.
City taxes57%
What's in other taxesOccupation and business licenses; public utility taxes and 2 more
- Occupation and business licenses$486 thousand
- Public utility taxes$385 thousand
- Other selective sales taxes$65 thousand
- Alcoholic beverage licenses$3 thousand
Amounts are by Census tax category.
Fees for services38%
What's in fees for servicesWater; sewer and 1 more
- Water$2.0 million
- Sewer$480 thousand
- Garbage collection$145 thousand
Amounts are by Census type of charge.
State tax money0.8%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other3.8%
Where it goes
What stands out
of Magnolia'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%
What's in police, fire, courts and jailsPolice and courts and legal services
- Police$1.0 million
- Courts and legal services$79 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
- Water supply$345 thousand
- Garbage and solid waste$163 thousand
- Sewer systems$141 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
- Central staff services (personnel, purchasing, technology)$188 thousand
- Finance, tax collection and budgeting$85 thousand
Sources and moreWhere these numbers come from and what they cover
City of Magnolia. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of City of Magnolia 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.