City government · El Paso County, TX

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

In the latest recorded fiscal year (ended September 30, 2021), Socorro took in $16.9 million and spent $10.6 million.

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

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Where it comes from

City taxes78%Federal tax money17%Fines and other4.0%State tax money1.7%

What stands out

17%

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

City taxes78%

Property tax
56%$9.4 million
Sales tax
12%$2.0 million
Other taxes
10%$1.7 million
What's in other taxesOther licenses and public utility taxes
  • Other licenses$980 thousand
  • Public utility taxes$718 thousand

Amounts are by Census tax category.

Federal tax money17%

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

From the federal government
17%$2.8 million

State tax money1.7%

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

From the state
1.7%$284 thousand

Fines and other4.0%

Fines
3.6%$603 thousand
Interest, rents and other
0.4%$66 thousand

Where it goes

Police, fire, courts and jails46%Running the government and other costs37%Interest on debt8.9%Health and hospitals4.5%Parks, recreation and libraries3.3%

What stands out

37%

of Socorro's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Police, fire, courts and jails
46%$4.9 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$4.5 million
  • Courts and legal services$387 thousand
Running the government and other costs
37%$3.9 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)$2.5 million
  • Other and not broken out$1.0 million
  • Finance, tax collection and budgeting$413 thousand
Interest on debt
8.9%$942 thousand
Health and hospitals
4.5%$476 thousand
What's in health and hospitalsPublic health
  • Public health$476 thousand
Parks, recreation and libraries
3.3%$354 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$354 thousand
Sources and moreWhere these numbers come from and what they cover

City of Socorro. 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 Socorro 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.