City government · Hopewell City, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Hopewell took in $73.0 million and spent $82.7 million.

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

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Where it comes from

State tax money78%City taxes19%Federal tax money2.5%County and local tax money0.5%Fines and other0.3%

What stands out

78%

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

City taxes19%

Property tax
19%$13.5 million

Fees for services<0.1%

Fees for services
<0.1%$27 thousand
What's in fees for servicesSchool lunches
  • School lunches$27 thousand

Amounts are by Census type of charge.

Federal tax money2.5%

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

From the federal government
2.5%$1.9 million

State tax money78%

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

From the state
78%$57.0 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$357 thousand

Fines and other0.3%

Interest, rents and other
0.3%$196 thousand

Where it goes

Schools and colleges86%Water, sewer, trash and utilities8.1%Roads, transit and parking2.3%Police, fire, courts and jails1.5%Running the government and other costs1.4%All other spending0.7%

What stands out

86%

of Hopewell's spending goes to schools and colleges.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
86%$71.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$71.1 million
Water, sewer, trash and utilities
8.1%$6.7 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$6.3 million
  • Sewer systems$351 thousand
Roads, transit and parking
2.3%$1.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.9 million
Police, fire, courts and jails
1.5%$1.2 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$589 thousand
  • Fire protection$467 thousand
  • Courts and legal services$192 thousand
Running the government and other costs
1.4%$1.1 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$622 thousand
  • Central staff services (personnel, purchasing, technology)$412 thousand
  • Government buildings$114 thousand
Sent to other local governments
0.5%$401 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$401 thousand
Parks, recreation and libraries
0.1%$113 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$113 thousand
Social services
0.1%$103 thousand
What's in social servicesOther public welfare
  • Other public welfare$103 thousand
Sources and moreWhere these numbers come from and what they cover

City of Hopewell. 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 Hopewell 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.