By the Numbers
“Where are our tax dollars being spent?” or “How much do we actually raise?”
As your commissioner, I will answer that question by highlighting our accomplishments and how city funding is working for the residents of Red Bank.
That begins here with a breakdown of our 2027 General Fund budget and revenues. If you have any questions, more info can be found at redbanktn.gov
FY27 Proposed Budget for General Fund
Our annual expenses for the city’s general fund fall into four main categories that total to $12.83 million.
Operations:
Equipment and supplies, training, contract services, utilities
Personnel:
Salaries, benefits, personnel taxes
Debt Service:
Cost of our principal and interest payments for existing debt
Capital (NEW) Expense:
New capital improvements expenses, facilities and maintenance costs
FY27 Proposed General Fund Revenue
The general fund revenue represents most of the city’s revenue. Other funds can be found on Red Bank’s website.
Local Taxes include:
Property and Utilities Taxes; Court Costs
Local Commercial Taxes include:
Local Sales, Drink, Beer, Liquor, Minimum Business, Gross Receipts, and Franchise Taxes
State Taxes include:
Sales, Betting, Beer Taxes; Gas Inspection Fees
Other Sources include:
Permits License Fees, Interest Earning, Supplemental Revenues, and City Court Revenues
Capital Improvement Plan
The 5-year plan outlines essential city spending by department instead of spot requests that can unexpectedly shift budgets or pull from the general fund. This chart shows that roadmap with 2027 allocations included.
