City government · Salem City, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Salem took in $211 million and spent $244 million.

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

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Where it comes from

City taxes38%Fees for services (electric power, sewer)36%State tax money18%Fines and other7.1%Federal tax money0.7%County and local tax money0.2%

What stands out

18%

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

City taxes38%

Property tax
24%$49.9 million
Other taxes
9.4%$19.7 million
What's in other taxesOther selective sales taxes; occupation and business licenses and 6 more
  • Other selective sales taxes$9.0 million
  • Occupation and business licenses$7.2 million
  • Public utility taxes$1.4 million
  • Motor vehicle licenses$612 thousand
  • Tobacco taxes$546 thousand
  • Amusement taxes$374 thousand
  • Other licenses$356 thousand
  • Real estate and stock transfer taxes$332 thousand

Amounts are by Census tax category.

Sales tax
4.6%$9.7 million

Fees for services36%

Fees for services
36%$76.4 million
What's in fees for servicesElectric power; sewer and 8 more
  • Electric power$46.3 million
  • Sewer$7.7 million
  • Water$7.7 million
  • Parks and recreation$5.7 million
  • Other service charges$4.3 million
  • Garbage collection$3.7 million
  • School lunches$634 thousand
  • School tuition and transportation$356 thousand
  • Other school charges$23 thousand
  • Road charges$7 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government
0.7%$1.5 million

State tax money18%

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

From the state
18%$38.4 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$318 thousand

Fines and other7.1%

Interest, rents and other
7.1%$14.9 million
Fines
<0.1%$128 thousand

Where it goes

Schools and colleges26%Water, sewer, trash and utilities25%Parks, recreation and libraries13%Police, fire, courts and jails13%Running the government and other costs11%All other spending13%

What stands out

26%

of Salem'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
26%$62.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$62.5 million
Water, sewer, trash and utilities
25%$60.0 million
What's in water, sewer, trash and utilitiesElectric power; garbage and solid waste and 2 more
  • Electric power$44.3 million
  • Garbage and solid waste$5.4 million
  • Water supply$5.2 million
  • Sewer systems$5.1 million
Parks, recreation and libraries
13%$31.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$29.6 million
  • Libraries$1.6 million
Police, fire, courts and jails
13%$31.0 million
What's in police, fire, courts and jailsPolice; fire protection and 4 more
  • Police$13.6 million
  • Fire protection$11.1 million
  • Prisons and jails$3.3 million
  • Courts and legal services$2.3 million
  • Inspections and regulation$723 thousand
  • Probation, parole and other corrections$1 thousand
Running the government and other costs
11%$27.9 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$23.3 million
  • Finance, tax collection and budgeting$1.6 million
  • Government buildings$1.6 million
  • Central staff services (personnel, purchasing, technology)$1.3 million
Roads, transit and parking
6.8%$16.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$16.5 million
Social services
2.6%$6.3 million
What's in social servicesOther public welfare
  • Other public welfare$6.3 million
Health and hospitals
1.8%$4.4 million
What's in health and hospitalsPublic health
  • Public health$4.4 million
Housing and community development
0.8%$2.0 million
Interest on debt
0.7%$1.7 million
What's in interest on debtInterest on general debt and interest on electric power debt
  • Interest on general debt$1.4 million
  • Interest on electric power debt$214 thousand
Sent to other local governments
0.1%$277 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$277 thousand
Environment and natural resources
<0.1%$29 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$29 thousand
Sources and moreWhere these numbers come from and what they cover

City of Salem. 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 Salem 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.