City government · Galax City, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Galax took in $45.1 million and spent $48.4 million.

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

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Where it comes from

State tax money40%City taxes36%Fees for services (sewer, water)14%Federal tax money6.5%Fines and other3.4%County and local tax money0.6%

What stands out

40%

of Galax's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

City taxes36%

Property tax
17%$7.9 million
Other taxes
11%$4.9 million
What's in other taxesOther selective sales taxes; occupation and business licenses and 3 more
  • Other selective sales taxes$3.3 million
  • Occupation and business licenses$1.3 million
  • Public utility taxes$210 thousand
  • Other licenses$71 thousand
  • Motor vehicle licenses$29 thousand

Amounts are by Census tax category.

Sales tax
7.4%$3.3 million

Fees for services14%

Fees for services
14%$6.4 million
What's in fees for servicesSewer; water and 5 more
  • Sewer$2.3 million
  • Water$1.8 million
  • Garbage collection$1.4 million
  • Other service charges$513 thousand
  • Parks and recreation$359 thousand
  • School lunches$44 thousand
  • Other school charges$24 thousand

Amounts are by Census type of charge.

Federal tax money6.5%

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

From the federal government
6.5%$2.9 million

State tax money40%

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

From the state
40%$17.9 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$252 thousand

Fines and other3.4%

Interest, rents and other
3.1%$1.4 million
Fines
0.3%$135 thousand

Where it goes

Schools and colleges47%Police, fire, courts and jails13%Water, sewer, trash and utilities11%Social services8.3%Running the government and other costs7.1%All other spending14%

What stands out

47%

of Galax'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%

Schools and colleges
47%$22.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$22.8 million
Police, fire, courts and jails
13%$6.2 million
What's in police, fire, courts and jailsPolice; courts and legal services and 3 more
  • Police$3.7 million
  • Courts and legal services$1.1 million
  • Fire protection$1.0 million
  • Inspections and regulation$320 thousand
  • Probation, parole and other corrections$22 thousand
Water, sewer, trash and utilities
11%$5.3 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$2.4 million
  • Water supply$1.6 million
  • Garbage and solid waste$1.3 million
Social services
8.3%$4.0 million
What's in social servicesOther public welfare
  • Other public welfare$4.0 million
Running the government and other costs
7.1%$3.5 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$2.5 million
  • Government buildings$601 thousand
  • Finance, tax collection and budgeting$262 thousand
  • Central staff services (personnel, purchasing, technology)$79 thousand
Roads, transit and parking
6.8%$3.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.3 million
Parks, recreation and libraries
4.9%$2.4 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.0 million
  • Libraries$421 thousand
Housing and community development
1.1%$547 thousand
Health and hospitals
0.3%$164 thousand
What's in health and hospitalsPublic health
  • Public health$164 thousand
Sent to other local governments
0.3%$157 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$157 thousand
Interest on debt
0.2%$92 thousand
Sources and moreWhere these numbers come from and what they cover

City of Galax. 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 Galax 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.