City government · Roane County, WV

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

In the latest recorded fiscal year (ended June 30, 2024), Spencer took in $4.1 million and spent $3.2 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

City taxes45%Fees for services (water, sewer)43%Federal tax money7.9%Fines and other2.0%County and local tax money1.1%State tax money0.8%

What stands out

19%

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

City taxes45%

Sales tax

19%$754 thousand

Other taxes

18%$748 thousand

What's in other taxesOccupation and business licenses; public utility taxes and 2 more

Occupation and business licenses$608 thousand
Public utility taxes$98 thousand
Alcoholic beverage taxes$26 thousand
Other licenses$16 thousand

Amounts are by Census tax category.

Property tax

8.4%$340 thousand

Fees for services43%

Fees for services

43%$1.7 million

What's in fees for servicesWater; sewer and 4 more

Water$1.0 million
Sewer$643 thousand
Parks and recreation$27 thousand
Other service charges$27 thousand
Other government-run businesses$11 thousand
Parking$10 thousand

Amounts are by Census type of charge.

Federal tax money7.9%

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

From the federal government

7.9%$323 thousand

State tax money0.8%

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

From the state

0.8%$32 thousand

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments

1.1%$45 thousand

Fines and other2.0%

Interest, rents and other

1.9%$78 thousand

Fines

<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities41%Running the government and other costs32%Police, fire, courts and jails13%Roads, transit and parking9.8%Interest on debt3.0%All other spending1.3%

What stands out

32%

of Spencer'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%

Water, sewer, trash and utilities

41%$1.3 million

What's in water, sewer, trash and utilitiesWater supply and sewer systems

Water supply$834 thousand
Sewer systems$482 thousand

Running the government and other costs

32%$1.0 million

What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more

Other and not broken out$570 thousand
Central staff services (personnel, purchasing, technology)$409 thousand
Other government-run businesses$40 thousand
Government buildings$9 thousand

Police, fire, courts and jails

13%$400 thousand

What's in police, fire, courts and jailsPolice and courts and legal services

Police$397 thousand
Courts and legal services$3 thousand

Roads, transit and parking

9.8%$314 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$314 thousand

Interest on debt

3.0%$97 thousand

What's in interest on debtInterest on water supply debt and interest on general debt

Interest on water supply debt$75 thousand
Interest on general debt$22 thousand

Parks, recreation and libraries

1.2%$39 thousand

What's in parks, recreation and librariesParks and recreation

Parks and recreation$39 thousand

Health and hospitals

<0.1%$1 thousand

What's in health and hospitalsPublic health

Public health$1 thousand

Sources and moreWhere these numbers come from and what they cover

City of Spencer. 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 City of Spencer 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.