Town government · Bedford County, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Bedford took in $33.8 million and spent $33.3 million.

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

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Where it comes from

Fees for services (electric power, garbage collection)68%Town taxes17%State tax money9.3%Fines and other5.4%

What stands out

68%

of Bedford's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Town taxes17%

Property tax
8.9%$3.0 million
Other taxes
7.2%$2.4 million
What's in other taxesOther selective sales taxes; occupation and business licenses and 2 more
  • Other selective sales taxes$1.9 million
  • Occupation and business licenses$279 thousand
  • Tobacco taxes$203 thousand
  • Other licenses$45 thousand

Amounts are by Census tax category.

Sales tax
1.2%$404 thousand

Fees for services68%

Fees for services
68%$22.9 million
What's in fees for servicesElectric power; garbage collection and 1 more
  • Electric power$21.9 million
  • Garbage collection$996 thousand
  • Other service charges$74 thousand

Amounts are by Census type of charge.

State tax money9.3%

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

From the state
9.3%$3.2 million

Fines and other5.4%

Interest, rents and other
5.4%$1.8 million
Fines
<0.1%$13 thousand

Where it goes

Water, sewer, trash and utilities63%Police, fire, courts and jails14%Running the government and other costs9.1%Roads, transit and parking8.8%Housing and community development4.6%All other spending0.9%

What stands out

63%

of Bedford's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
63%$20.9 million
What's in water, sewer, trash and utilitiesElectric power and garbage and solid waste
  • Electric power$20.1 million
  • Garbage and solid waste$749 thousand
Police, fire, courts and jails
14%$4.6 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$4.3 million
  • Fire protection$352 thousand
Running the government and other costs
9.1%$3.0 million
What's in running the government and other costsGovernment buildings; other and not broken out and 3 more
  • Government buildings$1.5 million
  • Other and not broken out$1.2 million
  • Finance, tax collection and budgeting$116 thousand
  • Other government-run businesses$106 thousand
  • Central staff services (personnel, purchasing, technology)$76 thousand
Roads, transit and parking
8.8%$2.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.9 million
Housing and community development
4.6%$1.5 million
Interest on debt
0.7%$236 thousand
What's in interest on debtInterest on electric power debt and interest on general debt
  • Interest on electric power debt$176 thousand
  • Interest on general debt$60 thousand
Social services
<0.1%$32 thousand
What's in social servicesOther public welfare
  • Other public welfare$32 thousand
Parks, recreation and libraries
<0.1%$24 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$24 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Bedford. 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 Bedford 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.