Town government · King William County, VA

West Point's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), West Point took in $22.4 million and spent $22.2 million.

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

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Where it comes from

Town taxes41%State tax money39%Fees for services (water, sewer)8.5%Federal tax money8.4%Fines and other2.6%County and local tax money0.9%

What stands out

39%

of West Point's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Town taxes41%

Property tax
35%$7.7 million
Other taxes
3.9%$874 thousand
What's in other taxesOther selective sales taxes; occupation and business licenses and 2 more
  • Other selective sales taxes$395 thousand
  • Occupation and business licenses$288 thousand
  • Public utility taxes$160 thousand
  • Other licenses$31 thousand

Amounts are by Census tax category.

Sales tax
2.3%$510 thousand

Fees for services8.5%

Fees for services
8.5%$1.9 million
What's in fees for servicesWater; sewer and 4 more
  • Water$867 thousand
  • Sewer$509 thousand
  • School tuition and transportation$316 thousand
  • Garbage collection$201 thousand
  • Other school charges$5 thousand
  • Other government-run businesses$3 thousand

Amounts are by Census type of charge.

Federal tax money8.4%

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

From the federal government
8.4%$1.9 million

State tax money39%

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

From the state
39%$8.7 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%$191 thousand

Fines and other2.6%

Interest, rents and other
2.0%$443 thousand
Fines
0.6%$135 thousand

Where it goes

Schools and colleges62%Running the government and other costs21%Police, fire, courts and jails8.5%Water, sewer, trash and utilities3.5%Interest on debt1.9%All other spending3.0%

What stands out

62%

of West Point's spending goes to schools and colleges.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Schools and colleges
62%$13.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$13.8 million
Running the government and other costs
21%$4.7 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 3 more
  • Central staff services (personnel, purchasing, technology)$2.1 million
  • Other and not broken out$1.9 million
  • Finance, tax collection and budgeting$361 thousand
  • Government buildings$353 thousand
  • Other government-run businesses$33 thousand
Police, fire, courts and jails
8.5%$1.9 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.4 million
  • Fire protection$407 thousand
  • Inspections and regulation$107 thousand
Water, sewer, trash and utilities
3.5%$787 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$521 thousand
  • Garbage and solid waste$266 thousand
Interest on debt
1.9%$422 thousand
Roads, transit and parking
1.6%$351 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$351 thousand
Housing and community development
1.0%$218 thousand
Parks, recreation and libraries
0.2%$50 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$40 thousand
  • Libraries$10 thousand
Sent to other local governments
0.2%$40 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$40 thousand
Environment and natural resources
<0.1%$3 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$3 thousand
Sources and moreWhere these numbers come from and what they cover

Town of West Point. 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 West Point 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.