Town government · Naugatuck Valley County, CT

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

In the latest recorded fiscal year (ended June 30, 2022), Prospect took in $33.5 million and spent $33.8 million.

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

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Where it comes from

Town taxes83%State tax money15%Fines and other1.8%

What stands out

83%

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

Town taxes83%

Property tax
83%$27.7 million

State tax money15%

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

From the state
15%$5.2 million

Fines and other1.8%

Interest, rents and other
1.8%$587 thousand

Where it goes

Running the government and other costs90%Police, fire, courts and jails5.9%Parks, recreation and libraries1.8%Health and hospitals1.1%Interest on debt0.9%

What stands out

90%

of Prospect's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Running the government and other costs
90%$30.5 million
What's in running the government and other costsOther and not broken out and finance, tax collection and budgeting
  • Other and not broken out$27.8 million
  • Finance, tax collection and budgeting$2.8 million
Police, fire, courts and jails
5.9%$2.0 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$1.1 million
  • Police$916 thousand
Parks, recreation and libraries
1.8%$625 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$625 thousand
Health and hospitals
1.1%$358 thousand
What's in health and hospitalsPublic health
  • Public health$358 thousand
Interest on debt
0.9%$289 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Prospect. 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 Prospect 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.