City government · Boone County, WV

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

In the latest recorded fiscal year (ended June 30, 2022), Madison took in $1.4 million and spent $2.2 million.

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

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Where it comes from

City taxes78%Fees for services (parks and recreation)19%State tax money2.8%

What stands out

45%

of Madison'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%.

City taxes78%

Other taxes
45%$646 thousand
What's in other taxesOccupation and business licenses; public utility taxes and 2 more
  • Occupation and business licenses$462 thousand
  • Public utility taxes$115 thousand
  • Other licenses$67 thousand
  • Alcoholic beverage taxes$2 thousand

Amounts are by Census tax category.

Property tax
32%$458 thousand

Fees for services19%

Fees for services
19%$277 thousand
What's in fees for servicesOther service charges and parks and recreation
  • Other service charges$275 thousand
  • Parks and recreation$2 thousand

Amounts are by Census type of charge.

State tax money2.8%

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

From the state
2.8%$40 thousand

Where it goes

Roads, transit and parking48%Police, fire, courts and jails32%Water, sewer, trash and utilities13%Parks, recreation and libraries5.4%Running the government and other costs1.6%Interest on debt0.2%

What stands out

48%

of Madison's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
48%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Police, fire, courts and jails
32%$700 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$692 thousand
  • Courts and legal services$8 thousand
Water, sewer, trash and utilities
13%$290 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$290 thousand
Parks, recreation and libraries
5.4%$120 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$104 thousand
  • Libraries$16 thousand
Running the government and other costs
1.6%$36 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$24 thousand
  • Finance, tax collection and budgeting$12 thousand
Interest on debt
0.2%$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of Madison. 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 City of Madison 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.