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Spokane 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:

5,718.88

The expenses per resident at the local level is:

5,533.32

The outstanding debt per resident at the local level is:

4,663.45

 
SpokaneWashingtonNational



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

Revenue3,173,5285,718.88100.00210,8205,536.38100.001.031.0069,865,6608,894.06100.000.641.000.621.00

  General revenue3,013,3105,430.1694.95205,8105,404.8297.621.000.9761,567,6607,837.7188.120.691.080.691.11

    Intergovernmental revenue1,439,7082,594.4445.37140,9553,701.6566.860.700.6824,254,3943,087.6434.720.841.311.201.93
      From Federal government153,561276.734.844,092107.461.942.582.494,235,164539.156.060.510.800.200.32
      From State government1,286,1472,317.7140.53136,8633,594.1964.920.640.6220,019,2302,548.4928.650.911.411.412.27
      From local government00.000.0000.030.000.000.0000.000.000.000.000.000.00

    General revenue from own sources1,573,6022,835.7249.5964,8551,703.1730.761.661.6137,313,2664,750.0753.410.600.930.360.58
      Taxes1,061,2991,912.5233.4453,5381,405.9725.401.361.3221,661,9532,757.6231.010.691.080.510.82
        Property562,6911,014.0017.7351,6041,355.1824.480.750.7211,129,9721,416.8715.930.721.110.961.54
        Sales & gross receipts438,189789.6413.811,54740.630.7319.4418.828,440,7471,074.5312.080.731.140.040.06
          General sales333,999601.8910.5284722.240.4027.0626.206,398,287814.529.160.741.150.030.04
          Selective sales104,190187.763.2870018.380.3310.219.892,042,460260.012.920.721.120.070.11
            Motor fuel sales00.000.0000.030.000.000.0000.000.000.000.000.000.00
            Alcoholic beverage sales00.000.0000.030.000.000.0000.000.000.000.000.000.00
            Tobacco product sales00.000.0000.030.000.000.0000.000.000.000.000.000.00
            Public utilities95,758172.563.0200.030.006,570.976,361.28940,471119.721.351.442.240.000.00
            Other selective sales8,43215.190.2770018.380.330.830.801,101,989140.291.580.110.170.130.21
        Individual income tax00.000.0000.030.000.000.0000.000.000.000.000.000.00
        Corporate income tax00.000.0000.030.000.000.0000.000.000.000.000.000.00
        Motor vehicle license7,86314.170.2510.030.00539.56522.35141,31117.990.200.791.220.000.00
        Other taxes52,55694.711.6638610.140.189.349.041,949,923248.232.790.380.590.040.07

      Charges & misc general revenue512,303923.2016.1411,317297.205.373.113.0115,651,3131,992.4522.400.460.720.150.24
        Current charges430,879776.4713.587,686201.843.653.853.7213,414,2301,707.6619.200.450.710.120.19
          Education18,08032.580.5782521.670.391.501.46185,64023.630.271.382.140.921.47
            Institution of higher education00.000.0000.030.000.000.0000.000.000.000.000.000.00
            School lunch sales (gross)3670.660.013168.300.150.080.087,9151.010.010.661.028.2413.23
          Hospitals00.000.0000.030.000.000.004,026,805512.625.760.000.000.000.00
          Highways3,9807.170.1350.130.0054.6252.88229,08829.160.330.250.380.000.01
          Air transportation (airports)40,62573.211.2800.030.002,787.712,698.75690,91487.950.990.831.290.000.00
          Parking facilities2,6064.700.0860.160.0029.8028.8531,8164.050.051.161.800.040.06
          Sea and inland port facilities00.000.0000.030.000.000.00658,76383.860.940.000.000.000.00
          Natural resources2,8145.070.0900.030.00193.10186.94181,09123.050.260.220.340.000.00
          Parks and recreation19,11434.440.601925.040.096.836.61217,11927.640.311.251.940.180.29
          Housing and comm development1,7603.170.0694424.790.450.130.12438,59755.830.630.060.090.440.71
          Sewerage117,817212.313.713,971104.281.882.041.973,259,237414.914.670.510.800.250.40
          Solid waste management94,328169.982.971173.070.0655.3253.561,043,845132.881.491.281.990.020.04
          Other charges129,755233.834.091,62642.700.775.485.302,451,315312.063.510.751.170.140.22

        Miscellaneous general revenue81,424146.732.573,63195.351.721.541.492,237,083284.793.200.520.800.330.54
          Interest earnings11,24520.260.3542811.240.201.801.75262,99533.480.380.610.940.340.54
          Special assessments8,14514.680.262075.440.102.702.61318,39940.530.460.360.560.130.22
          Sale of property6,65411.990.21150.390.0130.4429.47205,59526.170.290.460.710.020.02
          Other general revenue55,38099.801.752,98178.281.411.271.231,450,094184.602.080.540.840.420.68

  Utility revenue160,218288.725.055,010131.572.382.192.128,298,0001,056.3511.880.270.430.120.20
    Water supply125,047225.343.945,010131.572.381.711.661,825,712232.422.610.971.510.570.91
    Electric power28,69151.700.9000.030.001,968.791,905.976,087,053774.908.710.070.100.000.00
    Gas supply00.000.0000.030.000.000.009,4211.200.010.000.000.000.00
    Transit6,48011.680.2000.030.00444.66430.47375,81447.840.540.240.380.000.00

  Liquor store revenue00.000.0000.030.000.000.0000.000.000.000.000.000.00

  Insurance trust revenue00.000.0000.030.000.000.0000.000.000.000.000.000.00
    Unemployment compensation00.000.0000.030.000.000.0000.000.000.000.000.000.00
    Employee retirement00.000.0000.030.000.000.0000.000.000.000.000.000.00
    Workers' compensation00.000.0000.030.000.000.0000.000.000.000.000.000.00
    Other insurance trust revenue00.000.0000.030.000.000.0000.000.000.000.000.000.00

Expenditure3,070,5555,533.32100.00185,1904,863.31100.001.141.0064,664,0328,231.88100.000.671.000.591.00

  Intergovernmental expenditure00.000.0000.030.000.000.0000.000.000.000.000.000.00
  Direct expenditure3,070,5555,533.32100.00185,1904,863.31100.001.141.0064,664,0328,231.88100.000.671.000.591.00
    Current operation2,494,3734,495.0181.24176,9804,647.7195.570.970.8550,544,0066,434.3778.160.701.040.721.22
    Capital outlay493,018888.4516.066,775177.923.664.994.3911,865,3951,510.4918.350.590.880.120.20
      Construction493,018888.4516.066,775177.923.664.994.3911,865,3951,510.4918.350.590.880.120.20
    Assistance and subsidies00.000.0000.030.000.000.0000.000.000.000.000.000.00
    Interest on debt83,164149.872.711,43537.680.773.983.502,254,631287.023.490.520.780.130.22
    Insurance benefits and repayments00.000.0000.030.000.000.0000.000.000.000.000.000.00
    Exhibit: salaries & wages1,246,5442,246.3440.6058,3781,533.0831.521.471.2920,855,1742,654.9132.250.851.260.580.98

  Direct expenditure by function3,070,5555,533.32100.00185,1904,863.31100.001.141.0064,664,0328,231.88100.000.671.000.591.00
    Direct general expenditure2,810,5185,064.7291.53179,8574,723.2697.121.070.9452,994,5176,746.3381.950.751.120.701.19
      Capital outlay414,304746.6013.496,775177.923.664.203.697,993,5311,017.6012.360.731.090.170.30


Education services:
      Other direct general expenditure2,396,2144,318.1278.04173,0824,545.3493.460.950.8345,000,9865,728.7369.590.751.120.791.34
      Education1,419,8962,558.7446.24124,3043,264.3767.120.780.6921,497,5212,736.6833.240.931.391.192.02
          Capital outlay195,835352.916.381,30434.240.7010.319.062,695,903343.194.171.031.530.100.17
        Higher education00.000.0000.030.000.000.0000.000.000.000.000.000.00
          Capital outlay00.000.0000.030.000.000.0000.000.000.000.000.000.00
        Elementary & Secondary education1,419,8962,558.7446.24124,3043,264.3767.120.780.6921,497,5212,736.6833.240.931.391.192.02
          Capital outlay195,835352.916.381,30434.240.7010.319.062,695,903343.194.171.031.530.100.17
        Other education00.000.0000.030.000.000.0000.000.000.000.000.000.00
      Libraries60,960109.851.9955614.600.307.526.61527,65867.170.821.642.430.220.37


Social services and income maintenance:
      Public welfare35,33563.681.151463.830.0816.6114.60498,37763.440.771.001.490.060.10
        Other public welfare35,33563.681.151463.830.0816.6114.60498,37763.440.771.001.490.060.10
      Hospitals00.000.0000.030.000.000.004,195,379534.086.490.000.000.000.00
        Capital outlay00.000.0000.030.000.000.00175,05622.290.270.000.000.000.00
      Health99,794179.833.253408.930.1820.1417.701,885,800240.072.920.751.110.040.06
      Social insurance administration00.000.0000.030.000.000.0000.000.000.000.000.000.00
      Veterans' services00.000.0000.030.000.000.0000.000.000.000.000.000.00

Transportaion:
      Highways130,616235.384.2514,858390.198.020.600.532,407,171306.443.720.771.141.272.16
        Capital outlay73,761132.922.401,39136.530.753.643.201,162,557148.001.800.901.340.250.42
      Air transportation (airports)40,99873.881.3400.030.002,813.312,472.65881,204112.181.360.660.980.000.00
      Parking facilities70.010.00190.500.010.030.0226,1473.330.040.000.010.150.25
      Sea and inland port facilities00.000.0000.030.000.000.00512,07565.190.790.000.000.000.00

Public safety:
      Police protection159,858288.075.218,433221.464.551.301.142,352,439299.473.640.961.430.741.25
      Fire protection156,240281.555.092,92376.761.583.673.222,333,737297.093.610.951.410.260.44
      Correction45,66282.291.4900.030.003,133.352,753.95870,660110.841.350.741.100.000.00
        Capital outlay6161.110.0200.030.0042.2737.1521,8072.780.030.400.590.000.00
      Protective inspection & regulation6,55011.800.2100.030.00449.46395.04155,97319.860.240.590.880.000.00

Environment and housing:
      Natural resources15,92828.700.521894.960.105.785.08623,68279.400.960.360.540.060.11
        Capital outlay8,56915.440.2800.030.00588.01516.81261,64333.310.400.460.690.000.00
      Parks and recreation87,066156.902.842,83774.501.532.111.851,337,279170.242.070.921.370.440.74
        Capital outlay36,33065.471.18300.790.0283.1073.04430,20954.770.671.201.780.010.02
      Housing and comm development76,358137.602.494,542119.282.451.151.012,676,140340.684.140.400.600.350.59
      Sewerage102,382184.503.333,38288.821.832.081.832,383,525303.433.690.610.900.290.50
        Capital outlay17,54931.620.572737.170.154.413.88701,58789.311.080.350.530.080.14
      Solid waste management91,921165.652.9993024.420.506.785.96862,453109.791.331.512.240.220.38
        Capital outlay1,9053.430.0650.130.0026.1422.9839,9295.080.060.681.000.030.04

Governmental administration:
      Financial administration33,77860.871.1070618.540.383.282.89598,93976.250.930.801.190.240.41
      Judicial and legal42,51676.621.381985.200.1114.7312.95864,920110.111.340.701.040.050.08
      General public buildings8,40815.150.272,47164.891.330.230.21141,17017.970.220.841.253.616.11
      Other governmental administration17,89932.260.587,569198.774.090.160.14634,83380.820.980.400.592.464.16
      Interest on general debt75,145135.422.451,22132.060.664.223.711,607,889204.692.490.660.980.160.27

General expenditures, n.e.c.:
      Misc commercial activities950.170.00170.450.010.380.34154,62219.680.240.010.010.020.04
      Other and unallocable103,106185.803.364,216110.722.281.681.472,964,924377.444.590.490.730.290.50

Utility expenditures:
    Utility expenditure260,037468.608.475,333140.052.883.352.9411,669,5151,485.5618.050.320.470.090.16
        Capital outlay78,714141.852.5600.030.005,401.404,747.373,871,864492.905.990.290.430.000.00
      Water supply109,744197.773.575,333140.052.881.411.241,695,474215.842.620.921.360.651.10
      Electric power28,70751.730.9300.030.001,969.891,731.365,945,292756.859.190.070.100.000.00
      Gas supply00.000.0000.030.000.000.007,0530.900.010.000.000.000.00
      Transit121,586219.113.9600.030.008,343.307,333.044,021,696511.976.220.430.640.000.00

Liquor store expenditures:
    Liquor store expenditure00.000.0000.030.000.000.0000.000.000.000.000.000.00

Insurance trust expenditures:
    Insurance trust expenditure00.000.0000.030.000.000.0000.000.000.000.000.000.00
      Unemployment compensation00.000.0000.030.000.000.0000.000.000.000.000.000.00
      Employee retirement00.000.0000.030.000.000.0000.000.000.000.000.000.00
      Workers' compensation00.000.0000.030.000.000.0000.000.000.000.000.000.00
      Other insurance trust00.000.0000.030.000.000.0000.000.000.000.000.000.00

Debt outstanding2,587,8464,663.45100.0048,8681,283.33100.003.631.0061,492,9997,828.20100.000.601.000.161.00

  Short-term debt outstanding9251.670.04260.680.052.440.67308,65939.290.500.040.070.020.11
  Long-term debt outstanding2,586,9214,661.7899.9648,8421,282.6599.953.631.0061,184,3407,788.9199.500.601.000.161.00

Long-term debt issued256,851NANA1,184NANANANA9,961,307NANANANANANA
Long-term debt retired406,479NANA5,877NANANANA9,711,345NANANANANANA


Sources: STI: PopStats and STI: Colossus