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Government budget and revenue in Cape Coral, Florida: official figures

Cape Coral's city government took in $621.64 million in total revenue in the fiscal year ended 30 September 2023, or $2,865 for each of its 216,992 residents (2024 figure in the finance file); per resident that is the 282nd highest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey.

City government revenue per resident
$2,865
2024
City government spending per resident
$2,515
2024
City long-term debt per resident
$3,469
2024

How much does Cape Coral spend and on what?

It spent $545.71 million in the same year, $2,515 per resident, the 254th lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were sewerage (15.8%), financial administration (12.5%) and the water utility (12.2%) of the total.

Source: U.S. Census Bureau · saved copy

How much tax does Cape Coral collect per resident?

Taxes raised $180.44 million ($832 per resident, the 138th lowest of 582) in the fiscal year ended 30 September 2023, 31.0% of general revenue, compared with 49.3% for all US city governments combined in 2022.

Source: U.S. Census Bureau · saved copy

What taxes does Cape Coral rely on?

Of Cape Coral's tax revenue in the fiscal year ended 30 September 2023, property tax made up 67.3%, selective sales taxes (on utilities, fuel, alcohol, tobacco, hotels and others) 19.6%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%; Cape Coral's property tax share is the 195th highest of 580 US cities of 50,000 or more with reported figures in the 2024 Census survey.

Source: U.S. Census Bureau · saved copy

How much federal and state money does Cape Coral get?

Payments from other governments made up 20.2% of Cape Coral's city government's general revenue in the fiscal year ended 30 September 2023: 5.6% from the federal government ($149 per resident), 12.8% from the state and 1.9% from other local governments. For all US city governments in 2022 the aid share was 24.3%.

Source: U.S. Census Bureau · saved copy

How much does Cape Coral raise from fees and utilities?

Fees and charges for services such as sewerage, trash, parks and airports brought in $128.19 million, 22.0% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $39.34 million.

Source: U.S. Census Bureau · saved copy

How much does Cape Coral spend on police?

Cape Coral's city government spent $64.92 million on police in the fiscal year ended 30 September 2023, $299 per resident (the 183rd lowest of 582) and 11.9% of its total spending; police took 10.3% of spending across all US city governments in 2022.

Source: U.S. Census Bureau · saved copy

How much does Cape Coral spend on fire protection?

Fire protection cost $56.11 million, $259 per resident, in the fiscal year ended 30 September 2023.

Source: U.S. Census Bureau · saved copy

Does Cape Coral city government run the schools?

Cape Coral's city government also pays for public schools: elementary and secondary education took $30.39 million, 5.6% of its spending in the fiscal year ended 30 September 2023, which in most US cities is spent by a separate school district instead.

Source: U.S. Census Bureau · saved copy

How much debt does Cape Coral have?

At the end of the fiscal year ended 30 September 2023, Cape Coral's city government owed $752.64 million in long-term debt, $3,469 per resident (the 165th highest of 582). During the year it issued $8.00 million of new long-term debt and repaid $63.33 million.

Source: U.S. Census Bureau · saved copy

How much does Cape Coral pay in interest on its debt?

Interest on debt cost $25.53 million in the fiscal year ended 30 September 2023, 4.7% of total spending.

Source: U.S. Census Bureau · saved copy

How has the Cape Coral city budget changed?

Between the Census survey years 2022 and 2024 (not adjusted for inflation), total revenue per resident rose 16.0% from $2,470 to $2,865, spending per resident rose 12.1% to $2,515, taxes per resident rose 8.7% to $832.

Source: U.S. Census Bureau · saved copy

How Cape Coral compares with other cities in the United States

City government total revenue per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Cape Coral ranks 337 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total revenue per resident, 2022
334Vancouver$2,483
335Minneapolis$2,478
336Santa Rosa$2,473
337Cape Coral$2,470
338Hoffman Estates$2,461
339Edina$2,448
340Frederick$2,446
Source: U.S. Census Bureau · saved copy

City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Cape Coral ranks 356 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total spending per resident, 2022
353Oceanside$2,248
354Bismarck$2,248
355Columbus$2,245
356Cape Coral$2,243
357Taylor$2,242
358Raleigh$2,236
359Escondido$2,236
Source: U.S. Census Bureau · saved copy

City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Cape Coral ranks 545 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity taxes collected per resident, 2022
542Appleton$769
543Santa Clarita$769
544Lincoln$768
545Cape Coral$765
546Lafayette$765
547Novi$763
548Lakewood$762
Source: U.S. Census Bureau · saved copy

City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Cape Coral ranks 567 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity spending on police per resident, 2022
564Chicopee$240
565Kannapolis$238
566Weymouth Town$238
567Cape Coral$237
568Thousand Oaks$237
569Gulfport$236
570Burleson$236
Source: U.S. Census Bureau · saved copy

City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Cape Coral ranks 119 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity long-term debt outstanding per resident, end of fiscal 2022
116Nashua$4,341
117Kingsport$4,320
118Cambridge$4,299
119Cape Coral$4,290
120Shreveport$4,274
121Hammond$4,267
122Detroit$4,256
Source: U.S. Census Bureau · saved copy

Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Cape Coral ranks 165 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityProperty tax as a share of city tax revenue, 2022
162Harrisonburg72.0%
163Portsmouth71.9%
164Newport News71.6%
165Cape Coral71.5%
166Athens71.5%
167Macon-Bibb County71.3%
168Boynton Beach71.3%
Source: U.S. Census Bureau · saved copy

Federal, state and local aid as a share of city general revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Cape Coral ranks 360 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityFederal, state and local aid as a share of city general revenue, 2022
357Joplin17.7%
358Brookhaven17.7%
359Pasco17.7%
360Cape Coral17.6%
361Allentown17.6%
362Stockton17.6%
363Bellevue17.6%
Source: U.S. Census Bureau · saved copy

City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Cape Coral ranks 282 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total revenue per resident, 2024
279Longmont$2,885
280Kalamazoo$2,871
281Kirkland$2,870
282Cape Coral$2,865
283Southfield$2,861
284Casa Grande$2,855
285Oklahoma City$2,853
Source: U.S. Census Bureau · saved copy

City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Cape Coral ranks 329 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total spending per resident, 2024
326Deerfield Beach$2,524
327Apex$2,520
328Amarillo$2,518
329Cape Coral$2,515
330Hoffman Estates$2,513
331Palm Beach Gardens$2,510
332Rockford$2,507
Source: U.S. Census Bureau · saved copy

City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Cape Coral ranks 445 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity taxes collected per resident, 2024
442Elgin$835
443Santa Ana$834
444Redding$834
445Cape Coral$832
446Tamarac$830
447Kennewick$826
448Marietta$825
Source: U.S. Census Bureau · saved copy

City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Cape Coral ranks 400 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity spending on police per resident, 2024
397Raleigh$300
398Huntsville$299
399Richardson$299
400Cape Coral$299
401Surprise$298
402Perth Amboy$298
403La Crosse$298
Source: U.S. Census Bureau · saved copy

City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Cape Coral ranks 165 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity long-term debt outstanding per resident, end of fiscal 2024
162Providence$3,483
163Oakland$3,481
164Clarksville$3,469
165Cape Coral$3,469
166Tampa$3,448
167Sacramento$3,444
168Gilbert$3,417
Source: U.S. Census Bureau · saved copy

Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Cape Coral ranks 195 of 580, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityProperty tax as a share of city tax revenue, 2024
192Tallahassee67.5%
193West Palm Beach67.4%
194Council Bluffs67.3%
195Cape Coral67.3%
196Holly Springs67.2%
197Norfolk67.1%
198Greensboro67.1%
Source: U.S. Census Bureau · saved copy

Federal, state and local aid as a share of city general revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Cape Coral ranks 261 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityFederal, state and local aid as a share of city general revenue, 2024
258Pasco20.6%
259Evansville20.5%
260Akron20.5%
261Cape Coral20.2%
262Renton20.2%
263Chicago20.1%
264Cedar Rapids20.0%
Source: U.S. Census Bureau · saved copy

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Sources

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