City government · Jefferson County, WI

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

In the latest recorded fiscal year (ended December 31, 2023), Waterloo took in $13.1 million and spent $12.0 million.

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

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Where it comes from

Fees for services (electric power, sewer)58%City taxes18%State tax money11%Fines and other8.5%County and local tax money4.2%Federal tax money0.2%

What stands out

58%

of Waterloo's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes18%

Property tax
17%$2.3 million
Other taxes
1.1%$148 thousand
What's in other taxesOccupation and business licenses; other licenses and 1 more
  • Occupation and business licenses$54 thousand
  • Other licenses$48 thousand
  • Motor vehicle licenses$46 thousand

Amounts are by Census tax category.

Fees for services58%

Fees for services
58%$7.6 million
What's in fees for servicesElectric power; sewer and 4 more
  • Electric power$4.3 million
  • Sewer$2.2 million
  • Water$680 thousand
  • Garbage collection$215 thousand
  • Other service charges$212 thousand
  • Parks and recreation$49 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$20 thousand

State tax money11%

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

From the state
11%$1.4 million

County and local tax money4.2%

Money passed on by the county or other local governments.

From the county and other local governments
4.2%$557 thousand

Fines and other8.5%

Interest, rents and other
8.3%$1.1 million
Fines
0.1%$19 thousand

Where it goes

Water, sewer, trash and utilities52%Police, fire, courts and jails13%Roads, transit and parking10%Parks, recreation and libraries9.8%Interest on debt9.6%All other spending5.6%

What stands out

10%

of Waterloo's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
52%$6.2 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$4.2 million
  • Sewer systems$1.1 million
  • Water supply$629 thousand
  • Garbage and solid waste$221 thousand
Police, fire, courts and jails
13%$1.6 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$959 thousand
  • Fire protection$557 thousand
  • Courts and legal services$21 thousand
  • Inspections and regulation$20 thousand
Roads, transit and parking
10%$1.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.2 million
Parks, recreation and libraries
9.8%$1.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$590 thousand
  • Libraries$580 thousand
Interest on debt
9.6%$1.1 million
Running the government and other costs
4.3%$512 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$321 thousand
  • Other and not broken out$121 thousand
  • Finance, tax collection and budgeting$61 thousand
  • Government buildings$9 thousand
Health and hospitals
1.2%$148 thousand
What's in health and hospitalsPublic health
  • Public health$148 thousand
Environment and natural resources
<0.1%$4 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$4 thousand
Sent to other local governments
<0.1%$4 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$4 thousand
Sources and moreWhere these numbers come from and what they cover

City of Waterloo. 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 Waterloo 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.