Government budget and revenue in Toledo, Ohio: official figures
Toledo's city government took in $757.79 million in total revenue in the fiscal year ended 31 December 2023, or $2,846 for each of its 266,301 residents (2024 figure in the finance file).
How much does Toledo spend and on what?
It spent $282.49 million in the same year, $1,061 per resident. The largest identified functions were housing and community development (18.5%), sewerage (13.3%) and the water utility (12.1%) of the total.
Source: U.S. Census Bureau · saved copyHow much tax does Toledo collect per resident?
Taxes raised $326.34 million ($1,225 per resident) in the fiscal year ended 31 December 2023, 49.2% of general revenue, compared with 49.3% for all US city governments combined in 2022.
Source: U.S. Census Bureau · saved copyWhat taxes does Toledo rely on?
Of Toledo's tax revenue in the fiscal year ended 31 December 2023, property tax made up 5.0%, individual income tax 85.5%. 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 Toledo get?
Payments from other governments made up 3.7% of Toledo's city government's general revenue in the fiscal year ended 31 December 2023: 0.0% from the federal government ($0 per resident), 3.7% 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 Toledo raise from fees and utilities?
Fees and charges for services such as sewerage, trash, parks and airports brought in $251.32 million, 37.9% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $94.28 million.
Source: U.S. Census Bureau · saved copyHow much debt does Toledo have?
At the end of the fiscal year ended 31 December 2023, Toledo's city government owed $836,000 in long-term debt, $3 per resident. During the year it issued no new long-term debt and repaid $241,000.
Source: U.S. Census Bureau · saved copyHow much does Toledo pay in interest on its debt?
Interest on debt cost $41,000 in the fiscal year ended 31 December 2023, 0.0% of total spending.
Source: U.S. Census Bureau · saved copyAre the Toledo budget figures reported or estimated?
Toledo 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 Toledo: 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…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.