Mihama Town finances

和歌山県美浜町の財政

Town Wakayama Prefecture, Japan Population 6,324 Area 12.77 km² FY2024 settlement of accounts
Total spending
¥5.4B
Per resident ¥853,404
Local bonds outstanding
¥3.3B
Per resident ¥515,256
Reserve funds
¥3.4B
Per resident ¥543,143
Fiscal strength index
0.27
Closer to 1.0 = more self-funded

Fiscal health rank among 1,741 municipalities and within Wakayama Prefecture

Fiscal strength index
0.27
#1261 of 1718 in Japan · #20 of 30 in the prefecture (highest first)
Median of similar municipalities 0.27
0.51.0
What this means

How much of the standard cost of public services a municipality can cover with its own tax revenue. Above 1.0, it receives no ordinary local allocation tax from the national government.

Current balance ratioWorse than peers
95.3%
#1355 of 1741 in Japan · #18 of 30 in the prefecture (lowest first)
Median of similar municipalities 89.1%
708090100
What this means

Recurring costs that must be paid every year (personnel, social assistance, debt service) as a share of recurring general revenue. The higher it is, the less room for new spending; above 90% is considered rigid.

Local bonds outstanding per residentBetter than peers
¥515,256
#830 of 1741 in Japan · #8 of 30 in the prefecture (lowest first)
Median of similar municipalities ¥858,549
What this means

Outstanding local government bonds at fiscal year-end divided by the population.

Reserve funds per residentBetter than peers
¥543,143
#426 of 1741 in Japan · #11 of 30 in the prefecture (highest first)
Median of similar municipalities ¥465,414
What this means

Fiscal adjustment, debt reduction and special-purpose funds at fiscal year-end divided by the population.

Own-source revenue ratioBetter than peers
46.5%
#427 of 1741 in Japan · #4 of 30 in the prefecture (highest first)
Median of similar municipalities 30.5%
What this means

The share of revenue the municipality raises itself: taxes, fees, charges and similar.

Fiscal adjustment fund ratioBetter than peers
87.0%
#67 of 1718 in Japan · #1 of 30 in the prefecture (highest first)
Median of similar municipalities 31.1%
What this means

The freely usable reserve (fiscal adjustment fund) as a percentage of standard annual revenue. Around 10–20% is considered comfortable.

Revenue ¥5.7B · per resident ¥898,012

Local taxes 10.2%Shared taxes and grants 4.5%Local allocation tax 33.6%National subsidies 7.9%Prefectural subsidies 4.5%Borrowing (local bonds) 3.0%Donations 22.6%Other 13.8%
SourceAmountPer residentShare
Local taxes
Resident tax, fixed asset tax and other taxes paid by residents and businesses
¥578M¥91,32610.2%
Shared taxes and grants
Portions of national and prefectural taxes distributed to municipalities
¥253M¥40,0584.5%
Local allocation tax
Unconditional transfers from the national government to municipalities with smaller tax bases
¥1.9B¥301,70033.6%
National subsidies
National treasury disbursements for specific programs
¥448M¥70,8087.9%
Prefectural subsidies
Prefectural disbursements for specific programs
¥254M¥40,2404.5%
Borrowing (local bonds)
New borrowing during the year
¥172M¥27,2143.0%
Donations
Including hometown tax (furusato nozei)
¥1.3B¥202,68722.6%
Other
Fees, charges, transfers from reserves, carry-overs and other revenue
¥784M¥123,97913.8%

Hometown tax (furusato nozei) donations received in FY2024: ¥1.3B

Spending by function per resident

This municipalityMedian of towns with 5,000–10,000 people (210)
FunctionAmountPer residentPeer medianShare
General administration
Office management, tax collection, family registers, elections
¥1.8B¥279,335¥189,68232.7%
Welfare
Elderly, children, people with disabilities, public assistance
¥1.3B¥210,288¥224,28424.6%
Education
Schools, libraries, community centers, sports facilities
¥767M¥121,344¥97,86814.2%
Health & sanitation
Health checks, vaccinations, waste disposal
¥400M¥63,278¥87,5227.4%
Debt service
Repayment of principal and interest on local bonds
¥328M¥51,872¥94,3996.1%
Public works
Roads, bridges, parks, sewers, public housing
¥277M¥43,770¥100,9185.1%
Fire & emergency¥260M¥41,172¥38,6874.8%
Agriculture, forestry & fisheries¥166M¥26,175¥62,1793.1%
Assembly¥67M¥10,649¥10,2151.2%
Commerce & tourism
Business attraction, shopping streets, tourism
¥35M¥5,520¥26,8700.6%

Welfare spending

Children
¥395M
Per resident ¥62,446 (median ¥67,708)
Elderly
¥426M
Per resident ¥67,324 (median ¥60,528)
Social welfare
¥509M
Per resident ¥80,517 (median ¥89,723)
Public assistance
¥0
Per resident ¥0 (median ¥0)

Spending by type per resident

Personnel, social assistance and debt service are "mandatory" spending that is hard to cut. Here they make up 33.3% of spending.

Ten-year trends

Debt and reserves per resident

Local bondsReserve funds
¥0¥200K¥400K¥600K2015201620172018201920202021202220232024Debt per residentReserves per resident

Spending per resident

¥0¥500K¥1.0M¥1.5M2015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Fiscal strength index

0.240.260.280.300.322015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Current balance ratio

80%85%90%95%100%2015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Population

6,0006,5007,0007,5008,0002015201620172018201920202021202220232024Population
See the numbers by year
Fiscal yearPopulationSpendingLocal bondsReservesFiscal strengthCurrent balanceDebt service
FY20246,324¥5.4B¥3.3B¥3.4B0.2795.3%—
FY20236,452¥4.8B¥3.4B¥2.9B0.2793.8%—
FY20226,625¥5.3B¥3.6B¥2.6B0.2889.9%—
FY20216,757¥4.8B¥3.6B¥2.0B0.2987.0%—
FY20206,949¥6.1B¥3.7B¥1.7B0.3193.1%—
FY20197,113¥3.9B¥3.4B¥1.3B0.3196.6%—
FY20187,256¥4.0B¥3.3B¥1.3B0.3196.6%—
FY20177,433¥4.1B¥3.3B¥1.4B0.3096.0%—
FY20167,492¥4.1B¥3.3B¥1.6B0.3091.7%—
FY20157,610¥4.0B¥3.1B¥1.6B0.3088.3%—

Similar-sized towns in Wakayama Prefecture

All municipalities in Wakayama Prefecture →

Source: Ministry of Internal Affairs and Communications, "Settlement of accounts by municipality" (ordinary accounts), processed by Zaisei Zukan. Per-resident amounts use that year's basic resident register population. Fiscal years run from April to March (FY2024 = April 2024 to March 2025). 日本語のページ(AIの要約・首長と選挙)