Town government · Wise County, VA

Big Stone Gap's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Big Stone Gap took in $14.9 million and spent $36.1 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (water, sewer)37%Town taxes27%State tax money16%Federal tax money12%Fines and other7.6%

What stands out

12%

of Big Stone Gap's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes27%

Other taxes
15%$2.3 million
What's in other taxesOther selective sales taxes; public utility taxes and 5 more
  • Other selective sales taxes$956 thousand
  • Public utility taxes$418 thousand
  • Occupation and business licenses$392 thousand
  • Tobacco taxes$256 thousand
  • Other taxes not classified elsewhere$148 thousand
  • Motor vehicle licenses$80 thousand
  • Severance taxes$34 thousand

Amounts are by Census tax category.

Property tax
10%$1.5 million
Sales tax
2.0%$294 thousand

Fees for services37%

Fees for services
37%$5.5 million
What's in fees for servicesWater; sewer and 3 more
  • Water$3.1 million
  • Sewer$1.9 million
  • Garbage collection$369 thousand
  • Other government-run businesses$117 thousand
  • Other service charges$18 thousand

Amounts are by Census type of charge.

Federal tax money12%

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

From the federal government
12%$1.8 million

State tax money16%

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

From the state
16%$2.4 million

Fines and other7.6%

Interest, rents and other
7.2%$1.1 million
Fines
0.3%$48 thousand

Where it goes

Police, fire, courts and jails25%Roads, transit and parking24%Parks, recreation and libraries24%Water, sewer, trash and utilities19%Running the government and other costs7.9%All other spending0.6%

What stands out

24%

of Big Stone Gap's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Police, fire, courts and jails
25%$9.0 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$6.4 million
  • Police$2.6 million
Roads, transit and parking
24%$8.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$8.6 million
Parks, recreation and libraries
24%$8.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$8.5 million
Water, sewer, trash and utilities
19%$7.0 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$3.0 million
  • Water supply$2.8 million
  • Garbage and solid waste$1.2 million
Running the government and other costs
7.9%$2.9 million
What's in running the government and other costsFinance, tax collection and budgeting; other government-run businesses and 3 more
  • Finance, tax collection and budgeting$919 thousand
  • Other government-run businesses$663 thousand
  • Government buildings$477 thousand
  • Other and not broken out$455 thousand
  • Central staff services (personnel, purchasing, technology)$353 thousand
Interest on debt
0.4%$158 thousand
Social services
0.2%$63 thousand
What's in social servicesOther public welfare
  • Other public welfare$63 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Big Stone Gap. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of Town of Big Stone Gap 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.