Government budget and revenue in Independence, Missouri: official figures
Independence's city government took in $351.54 million in total revenue in the fiscal year ended 30 June 2024, or $2,900 for each of its 121,202 residents (2024 figure in the finance file).
How much does Independence spend and on what?
It spent $254.97 million in the same year, $2,104 per resident. The largest identified functions were the electric utility (43.9%), police (13.8%) and fire protection (10.4%) of the total.
Source: U.S. Census Bureau · saved copyHow much tax does Independence collect per resident?
Taxes raised $107.50 million ($887 per resident) in the fiscal year ended 30 June 2024, 64.2% of general revenue, compared with 49.3% for all US city governments combined in 2022.
Source: U.S. Census Bureau · saved copyWhat taxes does Independence rely on?
Of Independence's tax revenue in the fiscal year ended 30 June 2024, property tax made up 9.0%, general sales tax 77.6%, selective sales taxes (on utilities, fuel, alcohol, tobacco, hotels and others) 9.0%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%.
Source: U.S. Census Bureau · saved copyHow much federal and state money does Independence get?
Payments from other governments made up 0.0% of Independence's city government's general revenue in the fiscal year ended 30 June 2024: 0.0% from the federal government ($0 per resident), 0.0% from the state. For all US city governments in 2022 the aid share was 24.3%.
Source: U.S. Census Bureau · saved copyHow much does Independence raise from fees and utilities?
Fees and charges for services such as sewerage, trash, parks and airports brought in $55.39 million, 33.1% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $184.10 million.
Source: U.S. Census Bureau · saved copyHow much does Independence spend on police?
Independence's city government spent $35.29 million on police in the fiscal year ended 30 June 2024, $291 per resident and 13.8% 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 does Independence spend on fire protection?
Fire protection cost $26.43 million, $218 per resident, in the fiscal year ended 30 June 2024.
Source: U.S. Census Bureau · saved copyHow much debt does Independence have?
At the end of the fiscal year ended 30 June 2024, Independence's city government owed $431.21 million in long-term debt, $3,558 per resident. During the year it issued no new long-term debt and repaid $18.73 million.
Source: U.S. Census Bureau · saved copyHow much does Independence pay in interest on its debt?
Interest on debt cost $16.90 million in the fiscal year ended 30 June 2024, 6.6% of total spending.
Source: U.S. Census Bureau · saved copyAre the Independence budget figures reported or estimated?
Independence did not report most of its 2024 figures: the Census Bureau imputed 100% of the revenue dollars in its record, so these amounts are estimates and are left out of the city rankings.
Source: U.S. Census Bureau · saved copyMore on Independence: overview · economy and jobs · health · education and schools · poverty and living standards · all cities in the United States
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…)
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