Town government · Grayson County, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Independence took in $2.7 million and spent $2.8 million.

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

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Where it comes from

Fees for services (sewer, water)49%Town taxes34%Fines and other15%County and local tax money2.6%

What stands out

17%

of Independence's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes34%

Individual income tax
17%$457 thousand
Property tax
8.8%$235 thousand
Other taxes
6.9%$183 thousand
What's in other taxesOccupation and business licenses and public utility taxes
  • Occupation and business licenses$124 thousand
  • Public utility taxes$59 thousand

Amounts are by Census tax category.

Sales tax
0.9%$23 thousand

Fees for services49%

Fees for services
49%$1.3 million
What's in fees for servicesSewer and water
  • Sewer$736 thousand
  • Water$565 thousand

Amounts are by Census type of charge.

County and local tax money2.6%

Money passed on by the county or other local governments.

From the county and other local governments
2.6%$69 thousand

Fines and other15%

Interest, rents and other
15%$393 thousand
Fines
0.2%$5 thousand

Where it goes

Water, sewer, trash and utilities51%Running the government and other costs38%Police, fire, courts and jails6.7%Interest on debt3.9%Parks, recreation and libraries0.5%

What stands out

51%

of Independence's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
51%$1.4 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$910 thousand
  • Sewer systems$500 thousand
Running the government and other costs
38%$1.0 million
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 2 more
  • Finance, tax collection and budgeting$662 thousand
  • Central staff services (personnel, purchasing, technology)$280 thousand
  • Other and not broken out$102 thousand
  • Government buildings$5 thousand
Police, fire, courts and jails
6.7%$184 thousand
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$166 thousand
  • Courts and legal services$9 thousand
  • Probation, parole and other corrections$9 thousand
Interest on debt
3.9%$108 thousand
Parks, recreation and libraries
0.5%$15 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$15 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Independence. 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 Independence 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.