Town government · Montgomery County, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Blacksburg took in $90.1 million and spent $84.5 million.

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

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Where it comes from

Town taxes35%Fees for services (transit fares, sewer)32%State tax money24%Fines and other6.1%Federal tax money3.4%

What stands out

24%

of Blacksburg's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

Town taxes35%

Other taxes
17%$15.3 million
What's in other taxesOther selective sales taxes; occupation and business licenses and 4 more
  • Other selective sales taxes$9.7 million
  • Occupation and business licenses$3.5 million
  • Public utility taxes$1.4 million
  • Other licenses$318 thousand
  • Motor vehicle licenses$233 thousand
  • Tobacco taxes$184 thousand

Amounts are by Census tax category.

Property tax
15%$13.8 million
Sales tax
2.3%$2.1 million

Fees for services32%

Fees for services
32%$28.5 million
What's in fees for servicesTransit fares; sewer and 5 more
  • Transit fares$8.0 million
  • Sewer$7.0 million
  • Water$7.0 million
  • Garbage collection$4.8 million
  • Parks and recreation$946 thousand
  • Other service charges$454 thousand
  • Road charges$204 thousand

Amounts are by Census type of charge.

Federal tax money3.4%

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

From the federal government
3.4%$3.0 million

State tax money24%

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

From the state
24%$21.9 million

Fines and other6.1%

Interest, rents and other
5.9%$5.3 million
Fines
0.2%$187 thousand

Where it goes

Roads, transit and parking36%Water, sewer, trash and utilities27%Police, fire, courts and jails16%Running the government and other costs8.9%Housing and community development5.4%All other spending6.6%

What stands out

36%

of Blacksburg's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Roads, transit and parking
36%$30.8 million
What's in roads, transit and parkingPublic transit; roads and highways and 1 more
  • Public transit$21.7 million
  • Roads and highways$7.2 million
  • Parking$1.9 million
Water, sewer, trash and utilities
27%$22.5 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$9.8 million
  • Water supply$8.3 million
  • Garbage and solid waste$4.4 million
Police, fire, courts and jails
16%$13.5 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$11.7 million
  • Fire protection$1.8 million
Running the government and other costs
8.9%$7.5 million
What's in running the government and other costsOther and not broken out; government buildings and 1 more
  • Other and not broken out$5.9 million
  • Government buildings$960 thousand
  • Central staff services (personnel, purchasing, technology)$647 thousand
Housing and community development
5.4%$4.6 million
Parks, recreation and libraries
4.9%$4.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$4.1 million
  • Libraries$4 thousand
Interest on debt
1.7%$1.4 million
Social services
<0.1%$34 thousand
What's in social servicesOther public welfare
  • Other public welfare$34 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Blacksburg. 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 Blacksburg 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.