City government · Lynn County, TX

New Home's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), New Home took in $292 thousand and spent $141 thousand.

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

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Where it comes from

Fees for services (water, sewer)63%City taxes22%Federal tax money15%

What stands out

15%

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

City taxes22%

Property tax
22%$64 thousand

Fees for services63%

Fees for services
63%$183 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$78 thousand
  • Sewer$59 thousand
  • Garbage collection$46 thousand

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$45 thousand

Where it goes

Water, sewer, trash and utilities55%Running the government and other costs45%

What stands out

45%

of New Home's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Water, sewer, trash and utilities
55%$78 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste; sewer systems and 1 more
  • Garbage and solid waste$45 thousand
  • Sewer systems$17 thousand
  • Water supply$16 thousand
Running the government and other costs
45%$63 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$53 thousand
  • Other and not broken out$10 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Home. 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 City of New Home 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.