Town government · Southeastern Connecticut County, CT

Franklin's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Franklin took in $7.1 million and spent $10.0 million.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Town taxes79%State tax money19%Fees for services (garbage collection)2.3%Fines and other0.2%Federal tax money<0.1%

What stands out

79%

of Franklin's money comes from property tax.A typical U.S. township or town of under 10,000 people gets 52%.

Town taxes79%

Property tax
79%$5.6 million
Other taxes
<0.1%$1 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Fees for services2.3%

Fees for services
2.3%$164 thousand
What's in fees for servicesOther service charges; garbage collection and 2 more
  • Other service charges$154 thousand
  • Garbage collection$8 thousand
  • Other government-run businesses$1 thousand
  • Other school charges$1 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
<0.1%$7 thousand

State tax money19%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
19%$1.3 million

Fines and other0.2%

Interest, rents and other
0.2%$17 thousand

Where it goes

Schools and colleges49%Running the government and other costs20%Sent to other local governments13%Roads, transit and parking12%Police, fire, courts and jails2.2%All other spending3.4%

What stands out

49%

of Franklin's spending goes to schools and colleges.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Schools and colleges
49%$4.9 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$4.9 million
Running the government and other costs
20%$2.0 million
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 2 more
  • Finance, tax collection and budgeting$1.3 million
  • Central staff services (personnel, purchasing, technology)$507 thousand
  • Government buildings$169 thousand
  • Other and not broken out$38 thousand
Sent to other local governments
13%$1.3 million
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$1.3 million
Roads, transit and parking
12%$1.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.2 million
Police, fire, courts and jails
2.2%$222 thousand
What's in police, fire, courts and jailsFire protection; inspections and regulation and 1 more
  • Fire protection$147 thousand
  • Inspections and regulation$38 thousand
  • Courts and legal services$37 thousand
Water, sewer, trash and utilities
1.8%$179 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$179 thousand
Parks, recreation and libraries
0.9%$88 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$71 thousand
  • Parks and recreation$17 thousand
Interest on debt
0.6%$61 thousand
Health and hospitals
<0.1%$9 thousand
What's in health and hospitalsPublic health
  • Public health$9 thousand
Social services
<0.1%$2 thousand
What's in social servicesOther public welfare
  • Other public welfare$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Franklin. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Franklin itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.