Town government · Scott County, VA

Gate City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Gate City took in $2.2 million and spent $898 thousand.

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

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Where it comes from

Fees for services (water, sewer)70%Town taxes27%Fines and other3.1%

What stands out

70%

of Gate City'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 taxes27%

Property tax
21%$464 thousand
Other taxes
6.1%$137 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$137 thousand

Amounts are by Census tax category.

Fees for services70%

Fees for services
70%$1.6 million
What's in fees for servicesWater; sewer and 2 more
  • Water$871 thousand
  • Sewer$559 thousand
  • Garbage collection$130 thousand
  • Parks and recreation$3 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$1 thousand

Fines and other3.1%

Interest, rents and other
3.1%$69 thousand

Where it goes

Water, sewer, trash and utilities49%Police, fire, courts and jails28%Running the government and other costs22%Interest on debt1.4%

What stands out

28%

of Gate City's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
49%$439 thousand
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$256 thousand
  • Garbage and solid waste$123 thousand
  • Water supply$60 thousand
Police, fire, courts and jails
28%$252 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$234 thousand
  • Courts and legal services$18 thousand
Running the government and other costs
22%$194 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$93 thousand
  • Other and not broken out$58 thousand
  • Finance, tax collection and budgeting$43 thousand
Interest on debt
1.4%$13 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$12 thousand
  • Interest on general debt$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Gate City. 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 Gate City 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.