City government · Richmond City, VA
Richmond's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Richmond took in $2.02 billion and spent $2.28 billion.
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Where it comes from
What stands out
of Richmond's money comes from state tax money.A typical U.S. city of 50,000+ people gets 6.4%.
City taxes38%
What's in other taxesOther selective sales taxes; occupation and business licenses and 5 more
- Other selective sales taxes$68.3 million
- Occupation and business licenses$41.6 million
- Public utility taxes$30.9 million
- Other licenses$4.7 million
- Motor vehicle licenses$4.2 million
- Amusement taxes$3.9 million
- Tobacco taxes$2.1 million
Amounts are by Census tax category.
Fees for services25%
What's in fees for servicesGas; sewer and 11 more
- Gas$169 million
- Sewer$130 million
- Water$94.4 million
- Other service charges$55.8 million
- Garbage collection$19.5 million
- Parking$17.1 million
- Housing$9.8 million
- Parks and recreation$2.4 million
- Other government-run businesses$1.7 million
- Transit fares$1.5 million
- School tuition and transportation$441 thousand
- Other school charges$165 thousand
- School lunches$50 thousand
Amounts are by Census type of charge.
Federal tax money12%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money17%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money1.1%
Money passed on by the county or other local governments.
Fines and other6.4%
Where it goes
What stands out
of Richmond's spending goes to schools and colleges.Most U.S. cities of 50,000+ people spend nothing on this.
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$532 million
What's in water, sewer, trash and utilitiesSewer systems; gas supply and 2 more
- Sewer systems$178 million
- Gas supply$167 million
- Water supply$116 million
- Garbage and solid waste$36.8 million
What's in police, fire, courts and jailsPolice; fire protection and 4 more
- Police$178 million
- Fire protection$139 million
- Prisons and jails$55.9 million
- Courts and legal services$20.9 million
- Inspections and regulation$4.5 million
- Probation, parole and other corrections$182 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 3 more
- Other and not broken out$121 million
- Central staff services (personnel, purchasing, technology)$35.5 million
- Finance, tax collection and budgeting$33.2 million
- Government buildings$30.9 million
- Other government-run businesses$3.9 million
What's in roads, transit and parkingPublic transit; roads and highways and 1 more
- Public transit$103 million
- Roads and highways$70.8 million
- Parking$12.9 million
What's in health and hospitalsPublic health
- Public health$115 million
What's in social servicesOther public welfare
- Other public welfare$87.8 million
What's in parks, recreation and librariesParks and recreation and libraries
- Parks and recreation$59.7 million
- Libraries$9.0 million
What's in interest on debtInterest on general debt; interest on gas supply debt and 1 more
- Interest on general debt$34.5 million
- Interest on gas supply debt$10.1 million
- Interest on water supply debt$7.6 million
Sources and moreWhere these numbers come from and what they cover
City of Richmond. 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 Richmond 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.