Government budget and revenue in Homestead, Florida: official figures
Homestead's city government took in $208.85 million in total revenue in the fiscal year ended 30 September 2023, or $2,561 for each of its 81,562 residents (2024 figure in the finance file); per resident that is the 235th lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey.
How much does Homestead spend and on what?
It spent $215.51 million in the same year, $2,642 per resident, the 284th lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were the electric utility (31.1%), financial administration (18.6%) and police (14.4%) of the total.
Source: U.S. Census Bureau · saved copyHow much tax does Homestead collect per resident?
Taxes raised $33.66 million ($413 per resident, the 7th lowest of 582) in the fiscal year ended 30 September 2023, 28.4% of general revenue, compared with 49.3% for all US city governments combined in 2022.
Source: U.S. Census Bureau · saved copyWhat taxes does Homestead rely on?
Of Homestead's tax revenue in the fiscal year ended 30 September 2023, property tax made up 72.0%, selective sales taxes (on utilities, fuel, alcohol, tobacco, hotels and others) 19.7%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%; Homestead's property tax share is the 159th highest of 580 US cities of 50,000 or more with reported figures in the 2024 Census survey.
Source: U.S. Census Bureau · saved copyHow much federal and state money does Homestead get?
Payments from other governments made up 39.6% of Homestead's city government's general revenue in the fiscal year ended 30 September 2023: 4.6% from the federal government ($67 per resident), 17.1% from the state and 17.9% from other local governments. For all US city governments in 2022 the aid share was 24.3%.
Source: U.S. Census Bureau · saved copyHow much does Homestead raise from fees and utilities?
Fees and charges for services such as sewerage, trash, parks and airports brought in $17.53 million, 14.8% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $90.45 million.
Source: U.S. Census Bureau · saved copyHow much does Homestead spend on police?
Homestead's city government spent $31.09 million on police in the fiscal year ended 30 September 2023, $381 per resident (the 248th highest of 582) and 14.4% of its total spending; police took 10.3% of spending across all US city governments in 2022.
Source: U.S. Census Bureau · saved copyHow much debt does Homestead have?
At the end of the fiscal year ended 30 September 2023, Homestead's city government owed $112.79 million in long-term debt, $1,383 per resident (the 184th lowest of 582). During the year it issued $4.50 million of new long-term debt and repaid $13.15 million.
Source: U.S. Census Bureau · saved copyHow much does Homestead pay in interest on its debt?
Interest on debt cost $4.86 million in the fiscal year ended 30 September 2023, 2.3% of total spending.
Source: U.S. Census Bureau · saved copyHow has the Homestead city budget changed?
Between the Census survey years 2022 and 2024 (not adjusted for inflation), total revenue per resident rose 9.7% from $2,335 to $2,561, spending per resident rose 3.7% to $2,642, taxes per resident fell 13.8% to $413.
Source: U.S. Census Bureau · saved copyHow Homestead 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))
Homestead ranks 372 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.
| Rank | City | City government total revenue per resident, 2022 |
|---|---|---|
| 369 | Tustin | $2,345 |
| 370 | Franklin | $2,344 |
| 371 | Vallejo | $2,339 |
| 372 | Homestead | $2,335 |
| 373 | Gilroy | $2,330 |
| 374 | Hayward | $2,327 |
| 375 | Olathe | $2,325 |
City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Homestead ranks 284 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.
| Rank | City | City government total spending per resident, 2022 |
|---|---|---|
| 281 | Elizabeth | $2,568 |
| 282 | Riverside | $2,548 |
| 283 | Hawthorne | $2,547 |
| 284 | Homestead | $2,547 |
| 285 | Pittsburgh | $2,546 |
| 286 | La Habra | $2,544 |
| 287 | Bowling Green | $2,544 |
City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Homestead ranks 696 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.
| Rank | City | City taxes collected per resident, 2022 |
|---|---|---|
| 693 | St. Cloud | $507 |
| 694 | Warner Robins | $501 |
| 695 | Millcreek | $483 |
| 696 | Homestead | $479 |
| 697 | Great Falls | $477 |
| 698 | Kentwood | $471 |
| 699 | Johns Creek | $470 |
City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Homestead ranks 280 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.
| Rank | City | City spending on police per resident, 2022 |
|---|---|---|
| 277 | Renton | $356 |
| 278 | Fort Pierce | $355 |
| 279 | Monterey Park | $355 |
| 280 | Homestead | $354 |
| 281 | Hoboken | $353 |
| 282 | Jupiter | $353 |
| 283 | Tallahassee | $351 |
City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Homestead ranks 433 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.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2022 |
|---|---|---|
| 430 | Encinitas | $1,564 |
| 431 | Oak Lawn | $1,563 |
| 432 | Springfield | $1,554 |
| 433 | Homestead | $1,543 |
| 434 | Salinas | $1,542 |
| 435 | Yuba City | $1,542 |
| 436 | Bentonville | $1,537 |
Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Homestead ranks 271 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.
| Rank | City | Property tax as a share of city tax revenue, 2022 |
|---|---|---|
| 268 | Fort Worth | 60.6% |
| 269 | Atlanta | 60.4% |
| 270 | Lansing | 60.2% |
| 271 | Homestead | 60.2% |
| 272 | Sunnyvale | 60.1% |
| 273 | Carrollton | 59.9% |
| 274 | Henderson | 59.6% |
Federal, state and local aid as a share of city general revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Homestead ranks 180 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.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2022 |
|---|---|---|
| 177 | Quincy | 28.1% |
| 178 | Ann Arbor | 28.1% |
| 179 | Eau Claire | 28.0% |
| 180 | Homestead | 28.0% |
| 181 | Alpharetta | 27.8% |
| 182 | Highland | 27.8% |
| 183 | Broomfield | 27.7% |
City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Homestead ranks 348 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.
| Rank | City | City government total revenue per resident, 2024 |
|---|---|---|
| 345 | Fayetteville | $2,583 |
| 346 | Santa Maria | $2,575 |
| 347 | Murfreesboro | $2,572 |
| 348 | Homestead | $2,561 |
| 349 | Fairfield | $2,554 |
| 350 | Whittier | $2,547 |
| 351 | Hoffman Estates | $2,544 |
City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Homestead ranks 299 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.
| Rank | City | City government total spending per resident, 2024 |
|---|---|---|
| 296 | Phoenix | $2,671 |
| 297 | Bossier City | $2,670 |
| 298 | Holly Springs | $2,650 |
| 299 | Homestead | $2,642 |
| 300 | Racine | $2,642 |
| 301 | Cary | $2,639 |
| 302 | Fort Smith | $2,638 |
City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Homestead ranks 576 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.
| Rank | City | City taxes collected per resident, 2024 |
|---|---|---|
| 573 | Cheyenne | $431 |
| 574 | Caldwell | $427 |
| 575 | Tallahassee | $427 |
| 576 | Homestead | $413 |
| 577 | Kenner | $401 |
| 578 | Buffalo | $399 |
| 579 | Florissant | $390 |
City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Homestead ranks 248 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.
| Rank | City | City spending on police per resident, 2024 |
|---|---|---|
| 245 | Salinas | $384 |
| 246 | Columbia | $382 |
| 247 | Southaven | $382 |
| 248 | Homestead | $381 |
| 249 | Kissimmee | $381 |
| 250 | Alpharetta | $380 |
| 251 | Aurora | $380 |
City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Homestead ranks 399 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.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2024 |
|---|---|---|
| 396 | Peoria | $1,407 |
| 397 | Clearwater | $1,395 |
| 398 | Fontana | $1,384 |
| 399 | Homestead | $1,383 |
| 400 | Blaine | $1,379 |
| 401 | Methuen | $1,371 |
| 402 | Bartlett | $1,371 |
Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Homestead ranks 159 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.
| Rank | City | Property tax as a share of city tax revenue, 2024 |
|---|---|---|
| 156 | Cedar Rapids | 72.7% |
| 157 | Gulfport | 72.6% |
| 158 | Chesapeake | 72.5% |
| 159 | Homestead | 72.0% |
| 160 | Davenport | 71.9% |
| 161 | Boynton Beach | 71.9% |
| 162 | Winston-Salem | 71.7% |
Federal, state and local aid as a share of city general revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Homestead ranks 70 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.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2024 |
|---|---|---|
| 67 | Kissimmee | 40.5% |
| 68 | Carmel | 40.3% |
| 69 | Newport News | 40.2% |
| 70 | Homestead | 39.6% |
| 71 | Hampton | 39.6% |
| 72 | Detroit | 39.4% |
| 73 | Valdosta | 39.4% |
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Sources
- U.S. Census Bureau: 2024 Annual Survey of State and Local Government Finances, individual unit files (item amounts for every sampled government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 0967c4d30466…)
- U.S. Census Bureau: 2022 Census of Governments: State and Local Government Finances, individual unit files (item amounts for every government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 c8de889f6b33…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.