City government · Wise County, TX

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

In the latest recorded fiscal year (ended September 30, 2021), Newark took in $1.2 million and spent $662 thousand.

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

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Where it comes from

City taxes40%Fees for services (water, sewer)39%State tax money16%Fines and other5.1%

What stands out

8.6%

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

City taxes40%

Property tax
31%$374 thousand
Sales tax
8.6%$104 thousand

Fees for services39%

Fees for services
39%$474 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$281 thousand
  • Sewer$180 thousand
  • Garbage collection$13 thousand

Amounts are by Census type of charge.

State tax money16%

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

From the state
16%$191 thousand

Fines and other5.1%

Interest, rents and other
2.7%$32 thousand
Fines
2.5%$30 thousand

Where it goes

Water, sewer, trash and utilities46%Running the government and other costs26%Police, fire, courts and jails16%Roads, transit and parking5.9%Interest on debt4.1%Parks, recreation and libraries1.7%

What stands out

46%

of Newark's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
46%$307 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$217 thousand
  • Water supply$90 thousand
Running the government and other costs
26%$172 thousand
What's in running the government and other costsFinance, tax collection and budgeting and other and not broken out
  • Finance, tax collection and budgeting$99 thousand
  • Other and not broken out$73 thousand
Police, fire, courts and jails
16%$106 thousand
What's in police, fire, courts and jailsCourts and legal services; police and 2 more
  • Courts and legal services$49 thousand
  • Police$36 thousand
  • Inspections and regulation$11 thousand
  • Fire protection$10 thousand
Roads, transit and parking
5.9%$39 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$39 thousand
Interest on debt
4.1%$27 thousand
Parks, recreation and libraries
1.7%$11 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$11 thousand
Sources and moreWhere these numbers come from and what they cover

City of Newark. 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 Newark 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.