City government · Rock County, WI

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

In the latest recorded fiscal year (ended December 31, 2023), Beloit took in $88.8 million and spent $83.5 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

State tax money34%City taxes25%Fees for services (sewer, water)24%Fines and other7.8%County and local tax money5.2%Federal tax money4.2%

What stands out

34%

of Beloit's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

City taxes25%

Property tax
23%$20.0 million
Other taxes
2.1%$1.9 million
What's in other taxesMotor vehicle licenses; other licenses and 3 more
  • Motor vehicle licenses$571 thousand
  • Other licenses$421 thousand
  • Occupation and business licenses$379 thousand
  • Other taxes not classified elsewhere$270 thousand
  • Other selective sales taxes$242 thousand

Amounts are by Census tax category.

Fees for services24%

Fees for services
24%$21.1 million
What's in fees for servicesSewer; water and 8 more
  • Sewer$7.9 million
  • Water$5.8 million
  • Garbage collection$2.6 million
  • Other service charges$2.2 million
  • Road charges$1.4 million
  • Parks and recreation$720 thousand
  • Housing$200 thousand
  • Other government-run businesses$166 thousand
  • Transit fares$133 thousand
  • Parks, land and natural resources$18 thousand

Amounts are by Census type of charge.

Federal tax money4.2%

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

From the federal government
4.2%$3.7 million

State tax money34%

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

From the state
34%$30.6 million

County and local tax money5.2%

Money passed on by the county or other local governments.

From the county and other local governments
5.2%$4.6 million

Fines and other7.8%

Interest, rents and other
7.2%$6.4 million
Fines
0.6%$497 thousand

Where it goes

Police, fire, courts and jails31%Water, sewer, trash and utilities19%Roads, transit and parking18%Running the government and other costs18%Parks, recreation and libraries7.1%All other spending6.8%

What stands out

18%

of Beloit's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Police, fire, courts and jails
31%$25.8 million
What's in police, fire, courts and jailsPolice; fire protection and 3 more
  • Police$14.1 million
  • Fire protection$9.2 million
  • Inspections and regulation$1.3 million
  • Courts and legal services$1.1 million
  • Prisons and jails$14 thousand
Water, sewer, trash and utilities
19%$16.1 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$8.2 million
  • Water supply$4.2 million
  • Garbage and solid waste$3.7 million
Roads, transit and parking
18%$15.1 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
  • Roads and highways$12.2 million
  • Public transit$2.8 million
  • Parking$142 thousand
Running the government and other costs
18%$14.9 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 3 more
  • Other and not broken out$10.6 million
  • Central staff services (personnel, purchasing, technology)$2.0 million
  • Finance, tax collection and budgeting$1.0 million
  • Government buildings$944 thousand
  • Other government-run businesses$319 thousand
Parks, recreation and libraries
7.1%$5.9 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$3.4 million
  • Libraries$2.5 million
Interest on debt
2.7%$2.2 million
Health and hospitals
2.3%$1.9 million
What's in health and hospitalsPublic health
  • Public health$1.9 million
Housing and community development
1.8%$1.5 million
Environment and natural resources
<0.1%$18 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$18 thousand
Sources and moreWhere these numbers come from and what they cover

City of Beloit. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Beloit 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.