Town government · Western Connecticut County, CT

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

In the latest recorded fiscal year (ended June 30, 2022), Sherman took in $14.8 million and spent $16.9 million.

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

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Where it comes from

Town taxes95%State tax money2.5%Fines and other1.0%Fees for services (parks and recreation, school tuition and transportation)0.9%Federal tax money0.3%

What stands out

91%

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

Town taxes95%

Property tax
91%$13.4 million
Other taxes
4.5%$666 thousand
What's in other taxesOther licenses
  • Other licenses$666 thousand

Amounts are by Census tax category.

Fees for services0.9%

Fees for services
0.9%$135 thousand
What's in fees for servicesParks and recreation; school tuition and transportation and 1 more
  • Parks and recreation$107 thousand
  • School tuition and transportation$27 thousand
  • Other school charges$1 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$50 thousand

State tax money2.5%

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

From the state
2.5%$370 thousand

Fines and other1.0%

Interest, rents and other
1.0%$143 thousand

Where it goes

Schools and colleges54%Parks, recreation and libraries12%Sent to other local governments11%Running the government and other costs11%Roads, transit and parking6.5%All other spending5.6%

What stands out

54%

of Sherman'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
54%$9.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$9.1 million
Parks, recreation and libraries
12%$2.0 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.8 million
  • Libraries$170 thousand
Sent to other local governments
11%$1.9 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$1.9 million
Running the government and other costs
11%$1.9 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$877 thousand
  • Other and not broken out$779 thousand
  • Government buildings$127 thousand
  • Finance, tax collection and budgeting$78 thousand
Roads, transit and parking
6.5%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Police, fire, courts and jails
5.2%$882 thousand
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$408 thousand
  • Police$297 thousand
  • Inspections and regulation$173 thousand
  • Courts and legal services$4 thousand
Water, sewer, trash and utilities
0.2%$34 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$34 thousand
Interest on debt
0.1%$24 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Sherman. 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 Sherman 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.