City government · Franklin City, VA
Franklin's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Franklin took in $75.1 million and spent $79.6 million.
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Where it comes from
What stands out
of Franklin's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.
City taxes23%
What's in other taxesOther selective sales taxes; occupation and business licenses and 5 more
- Other selective sales taxes$2.4 million
- Occupation and business licenses$1.2 million
- Public utility taxes$566 thousand
- Tobacco taxes$291 thousand
- Motor vehicle licenses$212 thousand
- Other licenses$189 thousand
- Real estate and stock transfer taxes$115 thousand
Amounts are by Census tax category.
Fees for services35%
What's in fees for servicesElectric power; other service charges and 7 more
- Electric power$16.5 million
- Other service charges$4.1 million
- Sewer$1.9 million
- Water$1.9 million
- Garbage collection$1.4 million
- Airport$99 thousand
- School lunches$27 thousand
- Parks and recreation$15 thousand
- Other school charges$3 thousand
Amounts are by Census type of charge.
Federal tax money2.0%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money25%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money1.2%
Money passed on by the county or other local governments.
Fines and other14%
Where it goes
What stands out
of Franklin's spending goes to schools and colleges.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$24.3 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
- Electric power$15.6 million
- Sewer systems$1.4 million
- Water supply$1.4 million
- Garbage and solid waste$1.3 million
What's in police, fire, courts and jailsFire protection; police and 3 more
- Fire protection$5.2 million
- Police$3.9 million
- Prisons and jails$3.0 million
- Courts and legal services$585 thousand
- Inspections and regulation$420 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
- Other and not broken out$7.4 million
- Government buildings$1.4 million
- Finance, tax collection and budgeting$770 thousand
- Central staff services (personnel, purchasing, technology)$264 thousand
What's in social servicesOther public welfare
- Other public welfare$3.9 million
What's in roads, transit and parkingRoads and highways and airports
- Roads and highways$2.3 million
- Airports$157 thousand
What's in health and hospitalsPublic health
- Public health$2.4 million
What's in parks, recreation and librariesParks and recreation and libraries
- Parks and recreation$748 thousand
- Libraries$402 thousand
What's in interest on debtInterest on general debt and interest on electric power debt
- Interest on general debt$1.0 million
- Interest on electric power debt$85 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
- Natural resources, farming and conservation$670 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
- Sent to local governments: other and not broken out$510 thousand
Sources and moreWhere these numbers come from and what they cover
City of Franklin. 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 City of Franklin 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.