Ersys Logo Ersys Name
Winneshiek County – Government Finance

Picture of valves

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:

11,337.09

The expenses per resident at the local level is:

10,980.1

The outstanding debt per resident at the local level is:

4,260.87

 
WinneshiekIowaNational



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

Revenue228,46511,337.09100.0022,610,2976,989.17100.001.621.002,344,548,4806,947.35100.001.631.001.011.00

  General revenue226,67811,248.4199.2221,158,3736,540.3693.581.721.062,168,968,4006,427.0792.511.751.071.021.01

    Intergovernmental revenue67,8003,364.4329.687,909,4872,444.9434.981.380.85808,559,1482,395.9234.491.400.861.021.01
      From Federal government18,331909.648.02931,149287.834.123.161.95146,274,793433.446.242.101.290.660.66
      From State government49,4692,454.7921.656,978,3382,157.1130.861.140.70662,284,3551,962.4828.251.250.771.101.09
      From local government00.000.0000.000.000.000.0000.000.000.000.000.000.00

    General revenue from own sources158,8787,883.9869.5413,248,8864,095.4258.601.931.191,360,409,2524,031.1558.021.961.201.021.01
      Taxes49,8722,474.7921.837,494,9432,316.8033.151.070.66894,124,7052,649.4638.140.930.570.870.87
        Property43,1752,142.4718.906,393,5281,976.3328.281.080.67627,434,2421,859.2126.761.150.711.061.06
        Sales & gross receipts5,226259.332.29893,219276.113.950.940.58165,801,503491.307.070.530.320.560.56
          General sales3,980197.501.74587,228181.522.601.090.67125,994,306373.355.370.530.320.490.48
          Selective sales1,24661.830.55305,99194.591.350.650.4039,807,197117.961.700.520.320.800.80
            Motor fuel sales00.000.0000.000.000.000.001,892,6875.610.080.000.000.000.00
            Alcoholic beverage sales00.000.0000.000.000.000.00845,0352.500.040.000.000.000.00
            Tobacco product sales00.000.0000.000.000.000.00318,8170.940.010.000.000.000.00
            Public utilities66032.750.29226,92270.141.000.470.2915,744,64746.650.670.700.431.501.49
            Other selective sales58629.080.2679,06924.440.351.190.7321,006,01162.240.900.470.290.390.39
        Individual income tax1,11555.330.49104,08832.180.461.721.0644,730,192132.541.910.420.260.240.24
        Corporate income tax00.000.0000.000.000.000.0011,009,92732.620.470.000.000.000.00
        Motor vehicle license00.000.0017,5485.420.080.000.002,263,6136.710.100.000.000.810.80
        Other taxes35617.670.1686,56026.760.380.660.4142,885,228127.081.830.140.090.210.21

      Charges & misc general revenue109,0065,409.1947.715,753,9431,778.6325.453.041.87466,284,5471,381.6919.893.912.401.291.28
        Current charges103,5065,136.2645.304,992,5691,543.2822.083.332.05365,048,3361,081.7115.574.752.911.431.42
          Education23,2591,154.1810.18430,287133.011.908.685.3519,143,89456.730.8220.3512.472.342.33
            Institution of higher education22,6851,125.699.93334,065103.261.4810.906.727,681,25722.760.3349.4630.314.544.51
            School lunch sales (gross)25412.600.1128,0468.670.121.450.901,566,4414.640.072.721.661.871.86
          Hospitals72,3663,591.0131.672,771,812856.8112.264.192.58124,953,811370.265.339.705.942.312.30
          Highways1155.710.055,8811.820.033.141.9410,287,28930.480.440.190.110.060.06
          Air transportation (airports)984.860.0459,71118.460.260.260.1622,414,40266.420.960.070.040.280.28
          Parking facilities00.000.0022,1346.840.100.000.002,924,3498.670.120.000.000.790.78
          Sea and inland port facilities00.000.0080.000.000.000.004,760,82614.110.200.000.000.000.00
          Natural resources28414.090.125,3881.670.028.465.222,531,1967.500.111.881.150.220.22
          Parks and recreation80439.900.35124,38238.450.551.040.649,708,20828.770.411.390.851.341.33
          Housing and comm development00.000.0012,6233.900.060.000.007,308,73521.660.310.000.000.180.18
          Sewerage2,225110.410.97750,538232.003.320.480.2968,695,647203.562.930.540.331.141.13
          Solid waste management60429.970.26352,346108.921.560.280.1721,694,93864.290.930.470.291.691.68
          Other charges3,751186.141.64457,459141.412.021.320.8170,625,041209.283.010.890.550.680.67

        Miscellaneous general revenue5,500272.932.41761,374235.353.371.160.71101,236,211299.984.320.910.560.780.78
          Interest earnings59229.380.2653,23816.460.241.791.1010,227,01630.300.440.970.590.540.54
          Special assessments944.660.0425,9828.030.110.580.3615,026,42544.530.640.100.060.180.18
          Sale of property512.530.0287,45127.030.390.090.063,784,73711.210.160.230.142.412.40
          Other general revenue4,763236.352.08594,703183.832.631.290.7972,198,033213.943.081.100.680.860.85

  Utility revenue1,78788.680.781,451,924448.816.420.200.12173,592,043514.397.400.170.110.870.87
    Water supply1,78788.680.78728,882225.313.220.390.2480,167,107237.553.420.370.230.950.94
    Electric power00.000.00569,261175.972.520.000.0078,135,733231.533.330.000.000.760.76
    Gas supply00.000.00133,07341.130.590.000.007,630,12322.610.330.000.001.821.81
    Transit00.000.0020,7086.400.090.000.007,659,08022.700.330.000.000.280.28

  Liquor store revenue00.000.0000.000.000.000.001,988,0375.890.080.000.000.000.00

  Insurance trust revenue00.000.0000.000.000.000.00162,8580.480.010.000.000.000.00
    Unemployment compensation00.000.0000.000.000.000.00162,8580.480.010.000.000.000.00
    Employee retirement00.000.0000.000.000.000.0000.000.000.000.000.000.00
    Workers' compensation00.000.0000.000.000.000.0000.000.000.000.000.000.00
    Other insurance trust revenue00.000.0000.000.000.000.0000.000.000.000.000.000.00

Expenditure221,27110,980.10100.0021,364,7116,604.14100.001.661.002,254,418,5176,680.28100.001.641.000.991.00

  Intergovernmental expenditure00.000.0000.000.000.000.0000.000.000.000.000.000.00
  Direct expenditure221,27110,980.10100.0021,364,7116,604.14100.001.661.002,254,418,5176,680.28100.001.641.000.991.00
    Current operation189,8619,421.4585.8017,835,9985,513.3783.481.711.031,887,390,8875,592.7083.721.681.020.991.00
    Capital outlay27,5631,367.7612.463,078,570951.6314.411.440.86284,581,195843.2712.621.620.991.131.14
      Construction27,5631,367.7612.463,078,570951.6314.411.440.86284,581,195843.2712.621.620.991.131.14
    Assistance and subsidies1,98398.400.90-17,694-5.47-0.08-17.99-10.822,376,9447.040.1113.978.50-0.78-0.79
    Interest on debt1,86492.500.84467,837144.622.190.640.3880,069,491237.263.550.390.240.610.62
    Insurance benefits and repayments00.000.0000.000.000.000.0039,9940.120.000.000.000.000.00
    Exhibit: salaries & wages50,0182,482.0422.606,762,1332,090.2731.651.190.71525,546,0041,557.2923.311.590.971.341.36

  Direct expenditure by function221,27110,980.10100.0021,364,7116,604.14100.001.661.002,254,418,5176,680.28100.001.641.000.991.00
    Direct general expenditure219,72310,903.2999.3019,836,5816,131.7892.851.781.072,024,660,7925,999.4689.811.821.111.021.03
      Capital outlay27,5061,364.9312.432,792,238863.1213.071.580.95233,677,777692.4310.371.971.201.251.26


Education services:
      Other direct general expenditure192,2179,538.3686.8717,044,3435,268.6679.781.811.091,790,983,0155,307.0379.441.801.090.991.00
      Education99,3464,929.8344.909,001,3742,782.4642.131.771.07862,837,2522,556.7538.271.931.171.091.10
          Capital outlay21,3451,059.209.651,334,888412.636.252.571.5489,314,081264.653.964.002.431.561.58
        Higher education65,1903,234.9129.46968,676299.434.5310.806.5046,067,730136.512.0423.7014.422.192.22
          Capital outlay18,298908.008.2793,13928.790.4431.5418.975,394,84215.990.2456.8034.561.801.82
        Elementary & Secondary education32,1731,596.5214.548,050,3922,488.4937.680.640.39814,392,5782,413.2036.120.660.401.031.04
          Capital outlay3,047151.201.381,241,749383.845.810.390.2483,919,239248.673.720.610.371.541.56
        Other education1,98398.400.90-17,694-5.47-0.08-17.99-10.822,376,9447.040.1113.978.50-0.78-0.79
      Libraries1,11755.430.50159,81149.400.751.120.6713,625,82240.380.601.370.841.221.24


Social services and income maintenance:
      Public welfare52125.850.24123,03238.030.580.680.4167,699,317200.613.000.130.080.190.19
        Other public welfare52125.850.24123,03238.030.580.680.4167,699,317200.613.000.130.080.190.19
      Hospitals71,8883,567.2932.492,620,819810.1312.274.402.65141,312,054418.736.278.525.181.931.96
        Capital outlay3,465171.941.57167,35451.730.783.322.006,546,84619.400.298.865.392.672.70
      Health1,74286.440.79428,509132.462.010.650.3977,108,561228.493.420.380.230.580.59
      Social insurance administration00.000.0000.000.000.000.0035,9470.110.000.000.000.000.00
      Veterans' services00.000.0000.000.000.000.0000.000.000.000.000.000.00

Transportaion:
      Highways16,505819.037.461,398,470432.296.551.891.1482,616,882244.813.663.352.041.771.79
        Capital outlay1,93495.970.87200,37661.940.941.550.9330,060,50189.081.331.080.660.700.70
      Air transportation (airports)1145.660.05131,14940.540.610.140.0828,556,24984.621.270.070.040.480.48
      Parking facilities00.000.0022,4106.930.100.000.002,108,1706.250.090.000.001.111.12
      Sea and inland port facilities00.000.007200.220.000.000.004,034,90811.960.180.000.000.020.02

Public safety:
      Police protection5,359265.932.42856,473264.754.011.000.60119,298,947353.515.290.750.460.750.76
      Fire protection56127.840.25329,589101.881.540.270.1664,033,823189.742.840.150.090.540.54
      Correction00.000.00188,36458.230.880.000.0032,595,24396.591.450.000.000.600.61
        Capital outlay00.000.0000.000.000.000.00915,2972.710.040.000.000.000.00
      Protective inspection & regulation1004.960.0542,56213.160.200.380.237,062,87020.930.310.240.140.630.64

Environment and housing:
      Natural resources5,101253.132.31121,14537.450.576.764.0713,342,66139.540.596.403.900.950.96
        Capital outlay00.000.0015,6294.830.070.000.004,485,96313.290.200.000.000.360.37
      Parks and recreation1,93896.170.88446,498138.022.090.700.4243,717,263129.541.940.740.451.071.08
        Capital outlay20.100.0029,4999.120.140.010.0110,096,60129.920.450.000.000.300.31
      Housing and comm development80.400.00240,90574.471.130.010.0058,336,344172.862.590.000.000.430.44
      Sewerage2,451121.631.11869,262268.704.070.450.2768,504,527202.993.040.600.361.321.34
        Capital outlay76037.710.34395,682122.311.850.310.1923,319,98269.101.030.550.331.771.79
      Solid waste management62931.210.28340,401105.221.590.300.1828,653,83084.911.270.370.221.241.25
        Capital outlay00.000.0043,35513.400.200.000.001,863,1165.520.080.000.002.432.46

Governmental administration:
      Financial administration74036.720.33219,11467.731.030.540.3323,707,42470.251.050.520.320.960.98
      Judicial and legal84341.830.38143,64444.400.670.940.5727,887,73782.641.240.510.310.540.54
      General public buildings21410.620.10111,72634.540.520.310.1813,643,40540.430.610.260.160.850.86
      Other governmental administration2,644131.201.19231,72371.631.081.831.1037,267,357110.431.651.190.720.650.66
      Interest on general debt1,84591.550.83433,401133.972.030.680.4166,807,524197.962.960.460.280.680.68

General expenditures, n.e.c.:
      Misc commercial activities70.350.0062,34319.270.290.020.012,707,8798.020.120.040.032.402.43
      Other and unallocable6,050300.222.731,313,137405.916.150.740.44137,158,796406.436.080.740.451.001.01

Utility expenditures:
    Utility expenditure1,54876.820.701,528,130472.377.150.160.10228,078,201675.8410.120.110.070.700.71
        Capital outlay572.830.03286,33288.511.340.030.0250,897,505150.822.260.020.010.590.59
      Water supply1,54876.820.70737,399227.943.450.340.2082,479,587244.403.660.310.190.930.94
      Electric power00.000.00546,281168.862.560.000.0073,696,368218.383.270.000.000.770.78
      Gas supply00.000.00119,69637.000.560.000.007,182,24421.280.320.000.001.741.76
      Transit00.000.00124,75438.560.580.000.0064,720,002191.782.870.000.000.200.20

Liquor store expenditures:
    Liquor store expenditure00.000.0000.000.000.000.001,679,5244.980.070.000.000.000.00

Insurance trust expenditures:
    Insurance trust expenditure00.000.0000.000.000.000.0039,9940.120.000.000.000.000.00
      Unemployment compensation00.000.0000.000.000.000.0039,9940.120.000.000.000.000.00
      Employee retirement00.000.0000.000.000.000.0000.000.000.000.000.000.00
      Workers' compensation00.000.0000.000.000.000.0000.000.000.000.000.000.00
      Other insurance trust00.000.0000.000.000.000.0000.000.000.000.000.000.00

Debt outstanding85,8654,260.87100.0015,912,1264,918.67100.000.871.002,042,775,1706,053.14100.000.701.000.811.00

  Short-term debt outstanding3,119154.773.63249,76977.211.572.002.3128,356,92884.031.391.842.620.921.13
  Long-term debt outstanding82,7464,106.0996.3715,662,3574,841.4698.430.850.982,014,418,2425,969.1198.610.690.980.811.00

Long-term debt issued15,408NANA2,925,784NANANANA264,717,314NANANANANANA
Long-term debt retired32,828NANA2,273,038NANANANA218,916,559NANANANANANA


Sources: STI: PopStats and STI: Colossus