City government · Nicholas County, WV

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

In the latest recorded fiscal year (ended June 30, 2022), Richwood took in $1.7 million and spent $1.0 million.

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

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Where it comes from

Federal tax money39%City taxes34%Fees for services (garbage collection)23%Fines and other3.9%State tax money0.4%

What stands out

39%

of Richwood's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes34%

Other taxes
24%$410 thousand
What's in other taxesOccupation and business licenses; public utility taxes and 3 more
  • Occupation and business licenses$338 thousand
  • Public utility taxes$51 thousand
  • Other licenses$10 thousand
  • Other taxes not classified elsewhere$8 thousand
  • Alcoholic beverage taxes$3 thousand

Amounts are by Census tax category.

Property tax
9.6%$160 thousand

Fees for services23%

Fees for services
23%$378 thousand
What's in fees for servicesGarbage collection
  • Garbage collection$378 thousand

Amounts are by Census type of charge.

Federal tax money39%

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

From the federal government
39%$654 thousand

State tax money0.4%

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

From the state
0.4%$7 thousand

Fines and other3.9%

Interest, rents and other
3.3%$55 thousand
Fines
0.6%$10 thousand

Where it goes

Running the government and other costs33%Roads, transit and parking24%Water, sewer, trash and utilities20%Police, fire, courts and jails15%Health and hospitals5.6%Interest on debt2.3%

What stands out

24%

of Richwood'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%

Running the government and other costs
33%$338 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$338 thousand
Roads, transit and parking
24%$253 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$253 thousand
Water, sewer, trash and utilities
20%$212 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$212 thousand
Police, fire, courts and jails
15%$155 thousand
What's in police, fire, courts and jailsPolice
  • Police$155 thousand
Health and hospitals
5.6%$58 thousand
What's in health and hospitalsPublic health
  • Public health$58 thousand
Interest on debt
2.3%$24 thousand
Sources and moreWhere these numbers come from and what they cover

City of Richwood. 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 Richwood 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.