Town government · Somerset County, ME

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

In the latest recorded fiscal year (ended January 31, 2022), Canaan took in $1.8 million and spent $1.2 million.

Latest recorded year: ended January 31, 2022Comes fromGoes to

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Where it comes from

Town taxes52%State tax money39%Fines and other6.2%Fees for services (garbage collection, parks and recreation)2.7%

What stands out

39%

of Canaan's money comes from state tax money.A typical U.S. township or town of under 10,000 people gets 19%.

Town taxes52%

Property tax
52%$950 thousand

Fees for services2.7%

Fees for services
2.7%$48 thousand
What's in fees for servicesGarbage collection; other service charges and 1 more
  • Garbage collection$38 thousand
  • Other service charges$9 thousand
  • Parks and recreation$1 thousand

Amounts are by Census type of charge.

State tax money39%

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

From the state
39%$700 thousand

Fines and other6.2%

Interest, rents and other
6.2%$112 thousand

Where it goes

Roads, transit and parking36%Running the government and other costs33%Police, fire, courts and jails12%Water, sewer, trash and utilities9.9%Parks, recreation and libraries6.1%All other spending3.3%

What stands out

10%

of Canaan's spending goes to water, sewer, trash and other utilities.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
36%$423 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$423 thousand
Running the government and other costs
33%$396 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$274 thousand
  • Finance, tax collection and budgeting$43 thousand
  • Government buildings$40 thousand
  • Other government-run businesses$21 thousand
  • Central staff services (personnel, purchasing, technology)$18 thousand
Police, fire, courts and jails
12%$139 thousand
What's in police, fire, courts and jailsFire protection; inspections and regulation and 1 more
  • Fire protection$122 thousand
  • Inspections and regulation$15 thousand
  • Courts and legal services$2 thousand
Water, sewer, trash and utilities
9.9%$118 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$118 thousand
Parks, recreation and libraries
6.1%$72 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$50 thousand
  • Parks and recreation$22 thousand
Social services
1.9%$22 thousand
What's in social servicesOther public welfare
  • Other public welfare$22 thousand
Health and hospitals
1.0%$12 thousand
What's in health and hospitalsPublic health
  • Public health$12 thousand
Interest on debt
0.4%$5 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Canaan. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended January 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Canaan 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.