City government · Petersburg City, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Petersburg took in $80.5 million and spent $92.2 million.

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

See every government that serves your ZIP

Where it comes from

State tax money82%City taxes15%Federal tax money1.1%Fines and other1.1%County and local tax money0.9%

What stands out

82%

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

City taxes15%

Property tax
15%$12.4 million

Fees for services<0.1%

Fees for services
<0.1%$27 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$26 thousand
  • School lunches$1 thousand

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government
1.1%$917 thousand

State tax money82%

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

From the state
82%$65.7 million

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$701 thousand

Fines and other1.1%

Interest, rents and other
1.1%$869 thousand

Where it goes

Schools and colleges88%Water, sewer, trash and utilities5.4%Police, fire, courts and jails2.4%Running the government and other costs2.0%Parks, recreation and libraries0.9%All other spending1.5%

What stands out

88%

of Petersburg'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
88%$80.9 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$80.9 million
Water, sewer, trash and utilities
5.4%$5.0 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; sewer systems and 1 more
  • Garbage and solid waste$2.3 million
  • Sewer systems$2.2 million
  • Water supply$566 thousand
Police, fire, courts and jails
2.4%$2.3 million
What's in police, fire, courts and jailsCourts and legal services
  • Courts and legal services$2.3 million
Running the government and other costs
2.0%$1.8 million
What's in running the government and other costsGovernment buildings and other government-run businesses
  • Government buildings$1.3 million
  • Other government-run businesses$500 thousand
Parks, recreation and libraries
0.9%$853 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$853 thousand
Sent to other local governments
0.9%$811 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$811 thousand
Roads, transit and parking
0.6%$554 thousand
What's in roads, transit and parkingPublic transit; parking and 1 more
  • Public transit$453 thousand
  • Parking$89 thousand
  • Roads and highways$12 thousand
Sources and moreWhere these numbers come from and what they cover

City of Petersburg. 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 Petersburg 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.