Town government · Henderson County, TX

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

In the latest recorded fiscal year (ended September 30, 2021), Tool took in $1.3 million and spent $457 thousand.

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

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Where it comes from

Town taxes88%Fines and other12%State tax money0.2%

What stands out

22%

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

Town taxes88%

Property tax
55%$738 thousand
Sales tax
22%$294 thousand
Other taxes
11%$140 thousand
What's in other taxesOther selective sales taxes
  • Other selective sales taxes$140 thousand

Amounts are by Census tax category.

State tax money0.2%

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

From the state
0.2%$3 thousand

Fines and other12%

Fines
11%$150 thousand
Interest, rents and other
0.5%$6 thousand

Where it goes

Police, fire, courts and jails61%Interest on debt31%Roads, transit and parking5.5%Running the government and other costs2.6%

What stands out

31%

of Tool'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%

Police, fire, courts and jails
61%$280 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$237 thousand
  • Courts and legal services$43 thousand
Interest on debt
31%$140 thousand
Roads, transit and parking
5.5%$25 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$25 thousand
Running the government and other costs
2.6%$12 thousand
What's in running the government and other costsFinance, tax collection and budgeting and government buildings
  • Finance, tax collection and budgeting$10 thousand
  • Government buildings$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Tool. 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 Tool 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.