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Stark 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:

4,570.64

The expenses per resident at the local level is:

4,313.93

The outstanding debt per resident at the local level is:

1,960.46

 
StarkOhioNational



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

Revenue1,720,5024,570.64100.0050,6714,578.57100.001.001.0069,621,5015,860.07100.000.781.000.781.00

  General revenue1,673,1604,444.8797.2548,7794,407.6196.271.011.0166,240,3705,575.4895.140.801.020.791.01

    Intergovernmental revenue714,8651,899.0941.5519,8011,789.1939.081.061.0622,295,5961,876.6332.021.011.300.951.22
      From Federal government62,698166.563.642,936265.295.790.630.633,674,613309.295.280.540.690.861.10
      From State government652,1671,732.5337.9116,8651,523.9033.281.141.1418,620,9831,567.3426.751.111.420.971.24
      From local government00.000.0000.090.000.000.0000.000.000.000.000.000.00

    General revenue from own sources958,2952,545.7855.7028,9782,618.4257.190.970.9743,944,7743,698.8563.120.690.880.710.91
      Taxes708,2011,881.3941.1623,0492,082.6845.490.900.9030,196,4932,541.6543.370.740.950.821.05
        Property503,2331,336.8729.2521,8821,977.2343.180.680.6819,004,8061,599.6427.300.841.071.241.58
        Sales & gross receipts57,156151.843.3295786.471.891.761.763,465,159291.664.980.520.670.300.38
          General sales51,352136.422.9800.090.001,509.761,512.383,032,324255.234.360.530.690.000.00
          Selective sales5,80415.420.3495786.471.890.180.18432,83536.430.620.420.542.373.04
            Motor fuel sales4,13110.970.2400.090.00121.45121.66181,05415.240.260.720.920.000.00
            Alcoholic beverage sales100.030.0000.090.000.290.2923,7772.000.030.010.020.000.00
            Tobacco product sales10.000.0000.090.000.030.03860.010.000.370.470.000.00
            Public utilities8882.360.0500.090.0026.1126.1549,1274.140.070.570.730.000.00
            Other selective sales7742.060.0495786.471.890.020.02178,79115.050.260.140.185.757.35
        Individual income tax133,058353.487.7300.090.003,911.943,918.736,542,877550.729.400.640.820.000.00
        Corporate income tax7,83720.820.4600.090.00230.41230.81400,42033.700.580.620.790.000.00
        Motor vehicle license1,4593.880.08322.890.061.341.34126,35710.640.180.360.470.270.35
        Other taxes5,45814.500.3217816.080.350.900.90656,87455.290.940.260.340.290.37

      Charges & misc general revenue250,094664.3914.545,929535.7411.701.241.2413,748,2811,157.2019.750.570.740.460.59
        Current charges166,275441.729.664,213380.688.311.161.169,520,809801.3713.680.550.710.480.61
          Education32,75187.011.9062256.201.231.551.551,182,65899.541.700.871.120.560.72
            Institution of higher education5761.530.0300.090.0016.9316.96154,06312.970.220.120.150.000.00
            School lunch sales (gross)2,3056.120.13121.080.025.655.6669,2185.830.101.051.350.190.24
          Hospitals6751.790.0400.090.0019.8519.882,207,849185.843.170.010.010.000.00
          Highways560.150.0080.720.020.210.2126,7292.250.040.070.080.320.41
          Air transportation (airports)00.000.00151.360.030.000.00297,14325.010.430.000.000.050.07
          Parking facilities4541.210.0300.090.0013.3513.3750,2834.230.070.280.370.000.00
          Sea and inland port facilities00.000.0000.090.000.000.0030,0652.530.040.000.000.000.00
          Natural resources890.240.0120.180.001.311.3117,5131.470.030.160.210.120.16
          Parks and recreation2,9077.720.17232.080.053.723.72306,69025.810.440.300.380.080.10
          Housing and comm development6,01415.980.3500.090.00176.81177.12159,83313.450.231.191.520.000.00
          Sewerage74,104196.864.311,955176.653.861.111.122,701,814227.413.880.871.110.780.99
          Solid waste management13,46035.760.7878470.841.550.500.51385,36032.440.551.101.412.182.80
          Other charges35,76595.012.0880472.651.591.311.312,154,872181.383.100.520.670.400.51

        Miscellaneous general revenue83,819222.674.871,716155.063.391.441.444,227,472355.836.070.630.800.440.56
          Interest earnings8,48322.540.4919917.980.391.251.26638,87953.770.920.420.540.330.43
          Special assessments1,9685.230.1111210.120.220.520.52423,07235.610.610.150.190.280.36
          Sale of property8842.350.05262.350.051.001.00106,4198.960.150.260.340.260.34
          Other general revenue72,484192.564.211,379124.602.721.551.553,059,102257.494.390.750.960.480.62

  Utility revenue47,342125.772.751,892170.963.730.740.743,381,131284.594.860.440.570.600.77
    Water supply38,934103.432.261,892170.963.730.610.612,153,662181.273.090.570.730.941.21
    Electric power5,88715.640.3400.090.00173.08173.381,109,75993.411.590.170.210.000.00
    Gas supply90.020.0000.090.000.260.2740,0523.370.060.010.010.000.00
    Transit2,5126.670.1500.090.0073.8573.9877,6586.540.111.021.310.000.00

  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

Expenditure1,623,8724,313.93100.0054,7074,943.25100.000.871.0065,665,7965,527.11100.000.781.000.891.00

  Intergovernmental expenditure00.000.0000.090.000.000.0000.000.000.000.000.000.00
  Direct expenditure1,623,8724,313.93100.0054,7074,943.25100.000.871.0065,665,7965,527.11100.000.781.000.891.00
    Current operation1,452,2283,857.9589.4339,3783,558.1571.981.081.2456,808,9134,781.6386.510.811.030.740.83
    Capital outlay152,167404.249.3714,2751,289.8726.090.310.366,831,721575.0310.400.700.902.242.51
      Construction152,167404.249.3714,2751,289.8726.090.310.366,831,721575.0310.400.700.902.242.51
    Assistance and subsidies00.000.0000.090.000.000.0027,0862.280.040.000.000.000.00
    Interest on debt19,47751.741.201,05495.241.930.540.621,998,076168.183.040.310.390.570.63
    Insurance benefits and repayments00.000.0000.090.000.000.0000.000.000.000.000.000.00
    Exhibit: salaries & wages491,7441,306.3530.2812,6731,145.1223.171.141.3118,856,0281,587.1228.720.821.050.720.81

  Direct expenditure by function1,623,8724,313.93100.0054,7074,943.25100.000.871.0065,665,7965,527.11100.000.781.000.891.00
    Direct general expenditure1,554,4334,129.4695.7253,4034,825.4397.620.860.9861,880,2675,208.4994.240.791.020.931.04
      Capital outlay137,380364.968.4614,2361,286.3526.020.280.336,198,554521.739.440.700.902.472.76


Education services:
      Other direct general expenditure1,417,0533,764.5087.2639,1673,539.0871.591.061.2255,681,7134,686.7584.800.801.030.760.84
      Education860,1902,285.1652.9734,9413,157.2263.870.720.8329,428,0372,476.9744.810.921.181.271.43
          Capital outlay75,071199.434.6212,6641,144.3023.150.170.202,629,434221.324.000.901.155.175.78
        Higher education3,3448.880.2100.090.0098.31112.66621,41352.300.950.170.220.000.00
          Capital outlay00.000.0000.090.000.000.0039,1993.300.060.000.000.000.00
        Elementary & Secondary education856,8462,276.2752.7734,9413,157.2263.870.720.8328,779,5382,422.3843.830.941.201.301.46
          Capital outlay75,071199.434.6212,6641,144.3023.150.170.202,590,235218.023.940.911.175.255.87
        Other education00.000.0000.090.000.000.0027,0862.280.040.000.000.000.00
      Libraries17,29345.941.0650445.540.921.011.16549,99546.290.840.991.270.981.10


Social services and income maintenance:
      Public welfare69,237183.934.2650.450.01407.12466.512,542,104213.973.870.861.100.000.00
        Other public welfare69,237183.934.2650.450.01407.12466.512,542,104213.973.870.861.100.000.00
      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
      Health88,762235.805.471,292116.742.362.022.311,910,430160.802.911.471.880.730.81
      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:
      Highways61,495163.373.793,372304.696.160.540.612,548,171214.483.880.760.981.421.59
        Capital outlay34,29791.112.1162856.751.151.611.84812,86268.421.241.331.710.830.93
      Air transportation (airports)00.000.00232.080.040.000.00351,02329.550.530.000.000.070.08
      Parking facilities10.000.0000.090.000.030.0369,0325.810.110.000.000.000.00
      Sea and inland port facilities00.000.0000.090.000.000.0046,3403.900.070.000.000.000.00

Public safety:
      Police protection81,837217.415.043,739337.856.830.640.743,799,347319.795.790.680.871.061.18
      Fire protection55,519147.493.4276268.851.392.142.452,296,880193.333.500.760.980.360.40
      Correction150.040.00443.980.080.010.01471,17239.660.720.000.000.100.11
        Capital outlay00.000.0000.090.000.000.0027,3542.300.040.000.000.000.00
      Protective inspection & regulation3,1468.360.19443.980.082.102.4184,0627.080.131.181.510.560.63

Environment and housing:
      Natural resources6531.730.0433830.540.620.060.07122,54610.310.190.170.222.963.31
        Capital outlay00.000.0090.810.020.000.0028,5822.410.040.000.000.340.38
      Parks and recreation15,85342.110.9818816.990.342.482.841,525,021128.362.320.330.420.130.15
        Capital outlay1,8704.970.1200.090.0054.9863.00346,82529.190.530.170.220.000.00
      Housing and comm development42,547113.032.6200.090.001,250.891,433.382,157,729181.623.290.620.800.000.00
      Sewerage37,930100.762.341,01391.531.851.101.262,493,380209.873.800.480.620.440.49
        Capital outlay11,53330.640.7120818.790.381.631.87750,00663.131.140.490.620.300.33
      Solid waste management13,22235.130.8166460.001.210.590.67604,59850.890.920.690.881.181.32
        Capital outlay6021.600.0400.090.0017.7020.2843,8453.690.070.430.560.000.00

Governmental administration:
      Financial administration48,903129.913.0155049.701.012.613.00886,61174.631.351.742.230.670.74
      Judicial and legal54,624145.113.361,572142.042.871.021.171,573,958132.482.401.101.401.071.20
      General public buildings3,3608.930.2150445.540.920.200.22309,50626.050.470.340.441.751.95
      Other governmental administration33,71889.572.081,04294.151.900.951.091,243,137104.641.890.861.100.901.01
      Interest on general debt18,95550.361.1781373.461.490.690.791,825,563153.662.780.330.420.480.53

General expenditures, n.e.c.:
      Misc commercial activities1,0892.890.0761855.841.130.050.0696,2538.100.150.360.466.897.71
      Other and unallocable46,084122.432.841,375124.242.510.991.132,995,732252.154.560.490.620.490.55

Utility expenditures:
    Utility expenditure69,439184.474.281,304117.832.381.571.793,785,529318.635.760.580.740.370.41
        Capital outlay14,78739.280.91393.520.0711.1512.77633,16753.290.960.740.940.070.07
      Water supply37,04198.402.281,304117.832.380.840.961,913,337161.052.910.610.780.730.82
      Electric power5,99415.920.3700.090.00176.23201.931,039,12587.461.580.180.230.000.00
      Gas supply00.000.0000.090.000.000.0038,5483.240.060.000.000.000.00
      Transit26,40470.141.6300.090.00776.28889.53794,51966.871.211.051.340.000.00

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 outstanding737,9671,960.46100.0031,9932,890.85100.000.681.0038,878,6943,272.43100.000.601.000.881.00

  Short-term debt outstanding6,56217.430.8900.090.00192.92284.48287,00424.160.740.721.200.000.00
  Long-term debt outstanding731,4051,943.0399.1131,9932,890.85100.000.670.9938,591,6903,248.2899.260.601.000.891.01

Long-term debt issued37,549NANA0NANANANA2,925,328NANANANANANA
Long-term debt retired49,399NANA1,205NANANANA3,781,560NANANANANANA


Sources: STI: PopStats and STI: Colossus