Town government · Utah County, UT

Eagle Mountain's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Eagle Mountain took in $48.1 million and spent $21.5 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Town taxes70%Fines and other23%State tax money5.9%Fees for services (housing)0.7%

What stands out

36%

of Eagle Mountain's money comes from sales tax.A typical U.S. city of 50,000+ people gets 7.8%.

Town taxes70%

Sales tax
36%$17.4 million
Property tax
27%$13.2 million
Other taxes
6.6%$3.2 million
What's in other taxesOther licenses
  • Other licenses$3.2 million

Amounts are by Census tax category.

Fees for services0.7%

Fees for services
0.7%$316 thousand
What's in fees for servicesHousing
  • Housing$316 thousand

Amounts are by Census type of charge.

State tax money5.9%

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

From the state
5.9%$2.8 million

Fines and other23%

Interest, rents and other
23%$10.9 million
Fines
0.4%$216 thousand

Where it goes

Housing and community development93%Interest on debt7.1%

What stands out

93%

of Eagle Mountain's spending goes to housing and community development.A typical U.S. city of 50,000+ people spends 1.4%.

Spending by category100%

Housing and community development
93%$20.0 million
Interest on debt
7.1%$1.5 million
Sources and moreWhere these numbers come from and what they cover

Town of Eagle Mountain. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Eagle Mountain 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.