City government · Collin County, TX

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

In the latest recorded fiscal year (ended September 30, 2021), Princeton took in $14.4 million and spent $10.6 million.

Latest recorded year: ended September 30, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

City taxes41%Fees for services (water, sewer)38%Federal tax money14%Fines and other5.0%County and local tax money1.4%State tax money0.2%

What stands out

14%

of Princeton's money comes from federal tax money.A typical U.S. city of 10,000 to 50,000 people gets 1.2%.

City taxes41%

Property tax
26%$3.7 million
Sales tax
9.5%$1.4 million
Other taxes
5.9%$853 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$455 thousand
  • Public utility taxes$398 thousand

Amounts are by Census tax category.

Fees for services38%

Fees for services
38%$5.5 million
What's in fees for servicesWater; sewer and 3 more
  • Water$2.4 million
  • Sewer$2.0 million
  • Garbage collection$643 thousand
  • Other service charges$484 thousand
  • Parks and recreation$5 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$2.0 million

State tax money0.2%

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

From the state
0.2%$30 thousand

County and local tax money1.4%

Money passed on by the county or other local governments.

From the county and other local governments
1.4%$198 thousand

Fines and other5.0%

Interest, rents and other
3.4%$487 thousand
Fines
1.6%$235 thousand

Where it goes

Water, sewer, trash and utilities31%Police, fire, courts and jails27%Roads, transit and parking16%Running the government and other costs14%Interest on debt5.5%All other spending7.0%

What stands out

16%

of Princeton's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
31%$3.3 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$1.6 million
  • Sewer systems$1.0 million
  • Garbage and solid waste$650 thousand
Police, fire, courts and jails
27%$2.8 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.0 million
  • Fire protection$568 thousand
  • Courts and legal services$294 thousand
Roads, transit and parking
16%$1.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.7 million
Running the government and other costs
14%$1.5 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$712 thousand
  • Other and not broken out$548 thousand
  • Finance, tax collection and budgeting$201 thousand
Interest on debt
5.5%$582 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$518 thousand
  • Interest on water supply debt$64 thousand
Parks, recreation and libraries
4.8%$512 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$280 thousand
  • Libraries$232 thousand
Health and hospitals
2.2%$231 thousand
What's in health and hospitalsPublic health
  • Public health$231 thousand
Sources and moreWhere these numbers come from and what they cover

City of Princeton. 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 Princeton 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.