Town government · Sussex County, VA

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

In the latest recorded fiscal year (ended June 30, 2022), Wakefield took in $2.2 million and spent $729 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (electric power, water)72%Town taxes23%State tax money4.2%Fines and other1.2%

What stands out

72%

of Wakefield's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Town taxes23%

Other taxes
14%$316 thousand
What's in other taxesOther selective sales taxes; tobacco taxes and 3 more
  • Other selective sales taxes$266 thousand
  • Tobacco taxes$28 thousand
  • Public utility taxes$13 thousand
  • Motor vehicle licenses$8 thousand
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Property tax
6.0%$135 thousand
Sales tax
2.6%$58 thousand

Fees for services72%

Fees for services
72%$1.6 million
What's in fees for servicesElectric power; water and 4 more
  • Electric power$1.3 million
  • Water$176 thousand
  • Airport$92 thousand
  • Garbage collection$47 thousand
  • Parks and recreation$2 thousand
  • Other service charges$2 thousand

Amounts are by Census type of charge.

State tax money4.2%

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

From the state
4.2%$94 thousand

Fines and other1.2%

Fines
1.2%$27 thousand

Where it goes

Running the government and other costs34%Water, sewer, trash and utilities33%Police, fire, courts and jails16%Roads, transit and parking15%Parks, recreation and libraries2.1%Interest on debt0.5%

What stands out

34%

of Wakefield's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
34%$248 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 2 more
  • Finance, tax collection and budgeting$127 thousand
  • Other and not broken out$99 thousand
  • Other government-run businesses$13 thousand
  • Central staff services (personnel, purchasing, technology)$9 thousand
Water, sewer, trash and utilities
33%$237 thousand
What's in water, sewer, trash and utilitiesWater supply and electric power
  • Water supply$163 thousand
  • Electric power$74 thousand
Police, fire, courts and jails
16%$115 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$66 thousand
  • Fire protection$49 thousand
Roads, transit and parking
15%$110 thousand
What's in roads, transit and parkingAirports and roads and highways
  • Airports$85 thousand
  • Roads and highways$25 thousand
Parks, recreation and libraries
2.1%$15 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$8 thousand
  • Libraries$7 thousand
Interest on debt
0.5%$4 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Wakefield. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Wakefield 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.