Town government · Lubbock County, TX

Ransom Canyon's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2021), Ransom Canyon took in $2.2 million and spent $1.8 million.

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

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Where it comes from

Fees for services (water, sewer)55%Town taxes38%State tax money4.5%Fines and other1.7%

What stands out

38%

of Ransom Canyon's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Town taxes38%

Property tax
38%$843 thousand
Sales tax
1.0%$22 thousand

Fees for services55%

Fees for services
55%$1.2 million
What's in fees for servicesWater; sewer and 1 more
  • Water$700 thousand
  • Sewer$389 thousand
  • Garbage collection$152 thousand

Amounts are by Census type of charge.

State tax money4.5%

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

From the state
4.5%$102 thousand

Fines and other1.7%

Interest, rents and other
1.7%$39 thousand

Where it goes

Water, sewer, trash and utilities35%Running the government and other costs26%Police, fire, courts and jails23%Interest on debt10%Parks, recreation and libraries5.4%

What stands out

10%

of Ransom Canyon'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%

Water, sewer, trash and utilities
35%$628 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$352 thousand
  • Garbage and solid waste$139 thousand
  • Sewer systems$137 thousand
Running the government and other costs
26%$455 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 1 more
  • Central staff services (personnel, purchasing, technology)$430 thousand
  • Government buildings$13 thousand
  • Finance, tax collection and budgeting$12 thousand
Police, fire, courts and jails
23%$410 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$314 thousand
  • Fire protection$94 thousand
  • Courts and legal services$2 thousand
Interest on debt
10%$185 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$102 thousand
  • Interest on general debt$83 thousand
Parks, recreation and libraries
5.4%$95 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$95 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Ransom Canyon. 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 Town of Ransom Canyon 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.