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Lucas County – Government Finance

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Government finances play a pivotal role in shaping the local economy, influencing economic growth, stability, and the overall well-being of communities. The impact of government finances on the local economy can be analyzed through several key mechanisms, including public spending, taxation, debt management, and fiscal policies. These elements collectively determine the flow of resources, the level of economic activity, and the quality of life for residents.

  1. Public Spending and Investment One of the most direct ways government finances affect the local economy is through public spending. Governments allocate funds to infrastructure projects, education, healthcare, public safety, and social services. These investments create jobs, stimulate demand for goods and services, and enhance the productivity of the local workforce. For instance, building roads, bridges, and public transportation systems not only provides immediate employment opportunities but also improves connectivity, reducing transportation costs for businesses and facilitating trade. Similarly, investments in education and healthcare contribute to a skilled and healthy workforce, which is essential for long-term economic growth.

  2. Taxation Policies Taxation is another critical component of government finances that impacts the local economy. Taxes fund public services and infrastructure, but they also influence the behavior of individuals and businesses. High tax rates can discourage investment and consumption, potentially stifling economic growth. Conversely, low tax rates may attract businesses and stimulate spending but can lead to budget deficits if not managed properly. Progressive taxation, where higher-income individuals pay a larger share, can reduce income inequality and increase disposable income for lower-income households, boosting local demand for goods and services.

  3. Debt Management Government borrowing and debt management also have significant implications for the local economy. When governments borrow to finance deficits or invest in long-term projects, they can stimulate economic activity in the short term. However, excessive debt can lead to higher interest rates, crowding out private investment, and increasing the risk of financial instability. Effective debt management ensures that borrowing is sustainable and that funds are used efficiently to generate economic returns.

  4. Fiscal Policies Fiscal policies, including government spending and taxation, are tools used to manage economic cycles. During economic downturns, expansionary fiscal policies, such as increased spending and tax cuts, can stimulate demand and help the economy recover. Conversely, during periods of high inflation, contractionary fiscal policies, such as reduced spending and higher taxes, can help cool down the economy. The timing and effectiveness of these policies are crucial in stabilizing the local economy and maintaining public confidence.

  5. Social and Economic Equity Government finances also play a role in promoting social and economic equity. Redistributive policies, such as social welfare programs and subsidies, can reduce poverty and inequality, leading to a more inclusive economy. By providing a safety net for vulnerable populations, governments can ensure that all residents have access to basic needs, which in turn supports overall economic stability and growth.

  6. Conclusion In summary, government finances have a profound impact on the local economy through public spending, taxation, debt management, and fiscal policies. Effective management of these financial tools can stimulate economic growth, reduce inequality, and enhance the quality of life for residents. Conversely, poor financial management can lead to economic instability, reduced investment, and social unrest. Therefore, it is essential for governments to adopt prudent fiscal policies and ensure that financial resources are allocated efficiently and equitably to support sustainable economic development.

A key indicator for comparison is how much government collects, spends and and establishes debt for each resident under its perview.

The revenue per resident at the local level is:

5,552.74

The expenses per resident at the local level is:

4,015.21

The outstanding debt per resident at the local level is:

1,800.89

 
LucasOhioNational



LocalLocalLocalLocalStateState
PerContri-PerContri-PerContri-
LocalPer CentStatePer CentCapitabutionNationalPer CentCapitabutionCapitabution
Description(,000's)Per Capitato Total(,000's)Per Capitato TotalIndexIndex(,000's)Per Capitato TotalIndexIndexIndexIndex

Revenue2,392,8965,552.74100.0050,6714,578.57100.001.211.0069,621,5015,860.07100.000.951.000.781.00

  General revenue2,279,4605,289.5195.2648,7794,407.6196.271.200.9966,240,3705,575.4895.140.951.000.791.01

    Intergovernmental revenue763,2781,771.1931.9019,8011,789.1939.080.990.8222,295,5961,876.6332.020.941.000.951.22
      From Federal government182,746424.067.642,936265.295.791.601.323,674,613309.295.281.371.450.861.10
      From State government580,5321,347.1324.2616,8651,523.9033.280.880.7318,620,9831,567.3426.750.860.910.971.24
      From local government00.000.0000.090.000.000.0000.000.000.000.000.000.00

    General revenue from own sources1,516,1823,518.3163.3628,9782,618.4257.191.341.1143,944,7743,698.8563.120.951.000.710.91
      Taxes1,141,6012,649.1047.7123,0492,082.6845.491.271.0530,196,4932,541.6543.371.041.100.821.05
        Property714,9561,659.0629.8821,8821,977.2343.180.840.6919,004,8061,599.6427.301.041.091.241.58
        Sales & gross receipts127,279295.355.3295786.471.893.422.823,465,159291.664.981.011.070.300.38
          General sales117,636272.984.9200.090.003,021.022,491.013,032,324255.234.361.071.130.000.00
          Selective sales9,64322.380.4095786.471.890.260.21432,83536.430.620.610.652.373.04
            Motor fuel sales1,3113.040.0500.090.0033.6727.76181,05415.240.260.200.210.000.00
            Alcoholic beverage sales360.080.0000.090.000.920.7623,7772.000.030.040.040.000.00
            Tobacco product sales10.000.0000.090.000.030.02860.010.000.320.340.000.00
            Public utilities7551.750.0300.090.0019.3915.9949,1274.140.070.420.450.000.00
            Other selective sales7,54017.500.3295786.471.890.200.17178,79115.050.261.161.235.757.35
        Individual income tax252,658586.3010.5600.090.006,488.535,350.186,542,877550.729.401.061.120.000.00
        Corporate income tax32,71875.921.3700.090.00840.23692.82400,42033.700.582.252.380.000.00
        Motor vehicle license9902.300.04322.890.060.790.66126,35710.640.180.220.230.270.35
        Other taxes13,00030.170.5417816.080.351.881.55656,87455.290.940.550.580.290.37

      Charges & misc general revenue374,581869.2215.655,929535.7411.701.621.3413,748,2811,157.2019.750.750.790.460.59
        Current charges272,542632.4411.394,213380.688.311.661.379,520,809801.3713.680.790.830.480.61
          Education23,08453.570.9662256.201.230.950.791,182,65899.541.700.540.570.560.72
            Institution of higher education00.000.0000.090.000.000.00154,06312.970.220.000.000.000.00
            School lunch sales (gross)1,0062.330.04121.080.022.151.7869,2185.830.100.400.420.190.24
          Hospitals820.190.0000.090.002.111.742,207,849185.843.170.000.000.000.00
          Highways930.220.0080.720.020.300.2526,7292.250.040.100.100.320.41
          Air transportation (airports)2,3715.500.10151.360.034.063.35297,14325.010.430.220.230.050.07
          Parking facilities2260.520.0100.090.005.804.7950,2834.230.070.120.130.000.00
          Sea and inland port facilities1,6873.910.0700.090.0043.3235.7230,0652.530.041.551.630.000.00
          Natural resources1010.230.0020.180.001.301.0717,5131.470.030.160.170.120.16
          Parks and recreation16,39738.050.69232.080.0518.3115.10306,69025.810.441.471.560.080.10
          Housing and comm development6,68715.520.2800.090.00171.73141.60159,83313.450.231.151.220.000.00
          Sewerage113,633263.694.751,955176.653.861.491.232,701,814227.413.881.161.220.780.99
          Solid waste management19,57045.410.8278470.841.550.640.53385,36032.440.551.401.482.182.80
          Other charges88,611205.623.7080472.651.592.832.332,154,872181.383.101.131.200.400.51

        Miscellaneous general revenue102,039236.784.261,716155.063.391.531.264,227,472355.836.070.670.700.440.56
          Interest earnings11,47826.630.4819917.980.391.481.22638,87953.770.920.500.520.330.43
          Special assessments37,60387.261.5711210.120.228.627.11423,07235.610.612.452.590.280.36
          Sale of property1,0242.380.04262.350.051.010.83106,4198.960.150.270.280.260.34
          Other general revenue51,934120.512.171,379124.602.720.970.803,059,102257.494.390.470.490.480.62

  Utility revenue113,436263.234.741,892170.963.731.541.273,381,131284.594.860.920.980.600.77
    Water supply112,459260.964.701,892170.963.731.531.262,153,662181.273.091.441.520.941.21
    Electric power00.000.0000.090.000.000.001,109,75993.411.590.000.000.000.00
    Gas supply00.000.0000.090.000.000.0040,0523.370.060.000.000.000.00
    Transit9772.270.0400.090.0025.0920.6977,6586.540.110.350.370.000.00

  Liquor store revenue00.000.0000.090.000.000.0000.000.000.000.000.000.00

  Insurance trust revenue00.000.0000.090.000.000.0000.000.000.000.000.000.00
    Unemployment compensation00.000.0000.090.000.000.0000.000.000.000.000.000.00
    Employee retirement00.000.0000.090.000.000.0000.000.000.000.000.000.00
    Workers' compensation00.000.0000.090.000.000.0000.000.000.000.000.000.00
    Other insurance trust revenue00.000.0000.090.000.000.0000.000.000.000.000.000.00

Expenditure1,730,3164,015.21100.0054,7074,943.25100.000.811.0065,665,7965,527.11100.000.731.000.891.00

  Intergovernmental expenditure00.000.0000.090.000.000.0000.000.000.000.000.000.00
  Direct expenditure1,730,3164,015.21100.0054,7074,943.25100.000.811.0065,665,7965,527.11100.000.731.000.891.00
    Current operation1,593,1563,696.9392.0739,3783,558.1571.981.041.2856,808,9134,781.6386.510.771.060.740.83
    Capital outlay108,414251.586.2714,2751,289.8726.090.200.246,831,721575.0310.400.440.602.242.51
      Construction108,414251.586.2714,2751,289.8726.090.200.246,831,721575.0310.400.440.602.242.51
    Assistance and subsidies00.000.0000.090.000.000.0027,0862.280.040.000.000.000.00
    Interest on debt28,74666.711.661,05495.241.930.700.861,998,076168.183.040.400.550.570.63
    Insurance benefits and repayments00.000.0000.090.000.000.0000.000.000.000.000.000.00
    Exhibit: salaries & wages577,9981,341.2533.4012,6731,145.1223.171.171.4418,856,0281,587.1228.720.851.160.720.81

  Direct expenditure by function1,730,3164,015.21100.0054,7074,943.25100.000.811.0065,665,7965,527.11100.000.731.000.891.00
    Direct general expenditure1,645,3253,817.9995.0953,4034,825.4397.620.790.9761,880,2675,208.4994.240.731.010.931.04
      Capital outlay102,969238.945.9514,2361,286.3526.020.190.236,198,554521.739.440.460.632.472.76


Education services:
      Other direct general expenditure1,542,3563,579.0589.1439,1673,539.0871.591.011.2555,681,7134,686.7584.800.761.050.760.84
      Education905,6122,101.4852.3434,9413,157.2263.870.670.8229,428,0372,476.9744.810.851.171.271.43
          Capital outlay61,695143.163.5712,6641,144.3023.150.130.152,629,434221.324.000.650.895.175.78
        Higher education00.000.0000.090.000.000.00621,41352.300.950.000.000.000.00
          Capital outlay00.000.0000.090.000.000.0039,1993.300.060.000.000.000.00
        Elementary & Secondary education905,6122,101.4852.3434,9413,157.2263.870.670.8228,779,5382,422.3843.830.871.191.301.46
          Capital outlay61,695143.163.5712,6641,144.3023.150.130.152,590,235218.023.940.660.905.255.87
        Other education00.000.0000.090.000.000.0027,0862.280.040.000.000.000.00
      Libraries38,28988.852.2150445.540.921.952.40549,99546.290.841.922.640.981.10


Social services and income maintenance:
      Public welfare5091.180.0350.450.012.613.222,542,104213.973.870.010.010.000.00
        Other public welfare5091.180.0350.450.012.613.222,542,104213.973.870.010.010.000.00
      Hospitals00.000.0000.090.000.000.001,949,640164.102.970.000.000.000.00
        Capital outlay00.000.0000.090.000.000.0045,7773.850.070.000.000.000.00
      Health125,805291.937.271,292116.742.362.503.081,910,430160.802.911.822.500.730.81
      Social insurance administration00.000.0000.090.000.000.0000.000.000.000.000.000.00
      Veterans' services00.000.0000.090.000.000.0000.000.000.000.000.000.00

Transportaion:
      Highways28,89867.061.673,372304.696.160.220.272,548,171214.483.880.310.431.421.59
        Capital outlay8,08418.760.4762856.751.150.330.41812,86268.421.240.270.380.830.93
      Air transportation (airports)6,81415.810.39232.080.047.619.37351,02329.550.530.540.740.070.08
      Parking facilities1990.460.0100.090.005.116.2969,0325.810.110.080.110.000.00
      Sea and inland port facilities8411.950.0500.090.0021.6026.5946,3403.900.070.500.690.000.00

Public safety:
      Police protection58,319135.333.373,739337.856.830.400.493,799,347319.795.790.420.581.061.18
      Fire protection36,59184.912.1176268.851.391.231.522,296,880193.333.500.440.600.360.40
      Correction33,46777.661.93443.980.0819.5324.05471,17239.660.721.962.700.100.11
        Capital outlay350.080.0000.090.000.901.1127,3542.300.040.040.050.000.00
      Protective inspection & regulation5,95913.830.34443.980.083.484.2884,0627.080.131.952.690.560.63

Environment and housing:
      Natural resources2,1434.970.1233830.540.620.160.20122,54610.310.190.480.662.963.31
        Capital outlay220.050.0090.810.020.060.0828,5822.410.040.020.030.340.38
      Parks and recreation42,18197.882.4418816.990.345.767.091,525,021128.362.320.761.050.130.15
        Capital outlay10,58024.550.6100.090.00271.71334.51346,82529.190.530.841.160.000.00
      Housing and comm development84,775196.724.9000.090.002,177.112,680.312,157,729181.623.291.081.490.000.00
      Sewerage67,361156.313.891,01391.531.851.712.102,493,380209.873.800.741.030.440.49
        Capital outlay3,7338.660.2220818.790.380.460.57750,00663.131.140.140.190.300.33
      Solid waste management19,37844.971.1266460.001.210.750.92604,59850.890.920.881.221.181.32
        Capital outlay9202.130.0500.090.0023.6329.0943,8453.690.070.580.800.000.00

Governmental administration:
      Financial administration15,40035.740.8955049.701.010.720.89886,61174.631.350.480.660.670.74
      Judicial and legal42,46998.552.451,572142.042.870.690.851,573,958132.482.400.741.021.071.20
      General public buildings13,11330.430.7650445.540.920.670.82309,50626.050.471.171.611.751.95
      Other governmental administration12,60729.250.731,04294.151.900.310.381,243,137104.641.890.280.380.901.01
      Interest on general debt28,57766.311.6581373.461.490.901.111,825,563153.662.780.430.590.480.53

General expenditures, n.e.c.:
      Misc commercial activities2720.630.0261855.841.130.010.0196,2538.100.150.080.116.897.71
      Other and unallocable75,746175.774.381,375124.242.511.411.742,995,732252.154.560.700.960.490.55

Utility expenditures:
    Utility expenditure84,991197.224.911,304117.832.381.672.063,785,529318.635.760.620.850.370.41
        Capital outlay5,44512.640.31393.520.073.594.41633,16753.290.960.240.330.070.07
      Water supply63,015146.233.641,304117.832.381.241.531,913,337161.052.910.911.250.730.82
      Electric power00.000.0000.090.000.000.001,039,12587.461.580.000.000.000.00
      Gas supply00.000.0000.090.000.000.0038,5483.240.060.000.000.000.00
      Transit21,97651.001.2700.090.00564.37694.81794,51966.871.210.761.050.000.00

Liquor store expenditures:
    Liquor store expenditure00.000.0000.090.000.000.0000.000.000.000.000.000.00

Insurance trust expenditures:
    Insurance trust expenditure00.000.0000.090.000.000.0000.000.000.000.000.000.00
      Unemployment compensation00.000.0000.090.000.000.0000.000.000.000.000.000.00
      Employee retirement00.000.0000.090.000.000.0000.000.000.000.000.000.00
      Workers' compensation00.000.0000.090.000.000.0000.000.000.000.000.000.00
      Other insurance trust00.000.0000.090.000.000.0000.000.000.000.000.000.00

Debt outstanding776,0761,800.89100.0031,9932,890.85100.000.621.0038,878,6943,272.43100.000.551.000.881.00

  Short-term debt outstanding7,78718.071.0000.090.00199.98321.01287,00424.160.740.751.360.000.00
  Long-term debt outstanding768,2891,782.8299.0031,9932,890.85100.000.620.9938,591,6903,248.2899.260.551.000.891.01

Long-term debt issued53,164NANA0NANANANA2,925,328NANANANANANA
Long-term debt retired52,743NANA1,205NANANANA3,781,560NANANANANANA


Sources: STI: PopStats and STI: Colossus