Town government · Halifax County, VA

South Boston's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), South Boston took in $16.2 million and spent $15.4 million.

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

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Where it comes from

Town taxes51%State tax money37%Fines and other7.3%Fees for services (parks and recreation, garbage collection)3.3%County and local tax money0.7%

What stands out

29%

of South Boston's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Town taxes51%

Other taxes
29%$4.6 million
What's in other taxesOther selective sales taxes; occupation and business licenses and 4 more
  • Other selective sales taxes$3.2 million
  • Occupation and business licenses$788 thousand
  • Public utility taxes$389 thousand
  • Motor vehicle licenses$147 thousand
  • Tobacco taxes$98 thousand
  • Other licenses$6 thousand

Amounts are by Census tax category.

Property tax
18%$3.0 million
Sales tax
4.3%$691 thousand

Fees for services3.3%

Fees for services
3.3%$542 thousand
What's in fees for servicesOther service charges; parks and recreation and 1 more
  • Other service charges$515 thousand
  • Parks and recreation$19 thousand
  • Garbage collection$8 thousand

Amounts are by Census type of charge.

State tax money37%

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

From the state
37%$6.1 million

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$106 thousand

Fines and other7.3%

Interest, rents and other
6.7%$1.1 million
Fines
0.7%$107 thousand

Where it goes

Police, fire, courts and jails35%Roads, transit and parking23%Running the government and other costs17%Housing and community development16%Parks, recreation and libraries5.8%All other spending2.4%

What stands out

16%

of South Boston's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
35%$5.4 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$4.2 million
  • Fire protection$1.3 million
Roads, transit and parking
23%$3.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.5 million
Running the government and other costs
17%$2.7 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$1.1 million
  • Other and not broken out$964 thousand
  • Government buildings$637 thousand
Housing and community development
16%$2.5 million
Parks, recreation and libraries
5.8%$889 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$690 thousand
  • Libraries$199 thousand
Water, sewer, trash and utilities
1.7%$259 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$174 thousand
  • Sewer systems$85 thousand
Interest on debt
0.7%$112 thousand
Sources and moreWhere these numbers come from and what they cover

Town of South Boston. 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 South Boston 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.