Town government · Southeastern Connecticut County, CT

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

In the latest recorded fiscal year (ended June 30, 2022), Preston took in $21.1 million and spent $17.7 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

See every government that serves your ZIP

Where it comes from

Town taxes61%State tax money32%Federal tax money5.0%Fees for services (school lunches, school tuition and transportation)2.1%Fines and other<0.1%

What stands out

5%

of Preston's money comes from federal tax money.Most U.S. townships and towns of under 10,000 people get none.

Town taxes61%

Property tax
59%$12.5 million
Other taxes
1.5%$324 thousand
What's in other taxesOther licenses
  • Other licenses$324 thousand

Amounts are by Census tax category.

Fees for services2.1%

Fees for services
2.1%$435 thousand
What's in fees for servicesSchool lunches; school tuition and transportation and 1 more
  • School lunches$334 thousand
  • School tuition and transportation$99 thousand
  • Other school charges$2 thousand

Amounts are by Census type of charge.

Federal tax money5.0%

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

From the federal government
5.0%$1.1 million

State tax money32%

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

From the state
32%$6.7 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$7 thousand

Fines and other<0.1%

Interest, rents and other
<0.1%$18 thousand

Where it goes

Schools and colleges72%Sent to other local governments12%Police, fire, courts and jails6.0%Running the government and other costs4.8%Parks, recreation and libraries1.8%All other spending3.8%

What stands out

72%

of Preston'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
72%$12.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$12.7 million
Sent to other local governments
12%$2.1 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$2.1 million
Police, fire, courts and jails
6.0%$1.1 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$732 thousand
  • Police$260 thousand
  • Inspections and regulation$69 thousand
Running the government and other costs
4.8%$857 thousand
What's in running the government and other costsOther and not broken out and finance, tax collection and budgeting
  • Other and not broken out$666 thousand
  • Finance, tax collection and budgeting$191 thousand
Parks, recreation and libraries
1.8%$313 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$185 thousand
  • Parks and recreation$128 thousand
Interest on debt
1.3%$232 thousand
Roads, transit and parking
1.2%$205 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$205 thousand
Water, sewer, trash and utilities
0.9%$152 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$152 thousand
Health and hospitals
0.4%$78 thousand
What's in health and hospitalsPublic health
  • Public health$78 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Preston. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Preston 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.