City government · Martinsville City, VA
Martinsville's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Martinsville took in $97.4 million and spent $109 million.
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Where it comes from
What stands out
of Martinsville's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.
City taxes22%
What's in other taxesOther selective sales taxes; occupation and business licenses and 5 more
- Other selective sales taxes$3.1 million
- Occupation and business licenses$2.2 million
- Public utility taxes$667 thousand
- Motor vehicle licenses$331 thousand
- Real estate and stock transfer taxes$210 thousand
- Tobacco taxes$159 thousand
- Other licenses$89 thousand
Amounts are by Census tax category.
Fees for services39%
What's in fees for servicesElectric power; sewer and 6 more
- Electric power$21.5 million
- Sewer$5.3 million
- Other service charges$4.5 million
- Water$4.0 million
- Garbage collection$1.9 million
- School tuition and transportation$235 thousand
- School lunches$159 thousand
- Other school charges$1 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 money30%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money0.3%
Money passed on by the county or other local governments.
Fines and other7.0%
Where it goes
What stands out
of Martinsville'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%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$36.2 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
- Electric power$19.8 million
- Sewer systems$4.2 million
- Water supply$3.0 million
- Garbage and solid waste$2.0 million
What's in police, fire, courts and jailsPolice; prisons and jails and 4 more
- Police$6.4 million
- Prisons and jails$4.4 million
- Fire protection$3.3 million
- Courts and legal services$1.6 million
- Inspections and regulation$529 thousand
- Probation, parole and other corrections$376 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
- Other and not broken out$4.7 million
- Government buildings$1.2 million
- Finance, tax collection and budgeting$947 thousand
- Central staff services (personnel, purchasing, technology)$71 thousand
What's in social servicesOther public welfare
- Other public welfare$5.1 million
What's in roads, transit and parkingRoads and highways
- Roads and highways$4.5 million
What's in health and hospitalsPublic health
- Public health$4.5 million
What's in parks, recreation and librariesParks and recreation and libraries
- Parks and recreation$683 thousand
- Libraries$443 thousand
What's in interest on debtInterest on electric power debt; interest on water supply debt and 1 more
- Interest on electric power debt$74 thousand
- Interest on water supply debt$50 thousand
- Interest on general debt$11 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$115 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
- Natural resources, farming and conservation$8 thousand
Sources and moreWhere these numbers come from and what they cover
City of Martinsville. 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 Martinsville 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.