Town government · Franklin County, ME

Carrabassett Valley's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Carrabassett Valley took in $5.7 million and spent $3.1 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Town taxes92%Fees for services (parks and recreation, airport)4.0%Federal tax money2.5%State tax money1.2%Fines and other0.5%

What stands out

89%

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

Town taxes92%

Property tax
89%$5.1 million
Other taxes
2.9%$166 thousand
What's in other taxesMotor vehicle licenses; public utility licenses and 1 more
  • Motor vehicle licenses$155 thousand
  • Public utility licenses$10 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services4.0%

Fees for services
4.0%$229 thousand
What's in fees for servicesParks and recreation; airport and 1 more
  • Parks and recreation$153 thousand
  • Airport$51 thousand
  • Parks, land and natural resources$25 thousand

Amounts are by Census type of charge.

Federal tax money2.5%

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

From the federal government
2.5%$142 thousand

State tax money1.2%

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

From the state
1.2%$71 thousand

Fines and other0.5%

Interest, rents and other
0.4%$22 thousand
Fines
<0.1%$4 thousand

Where it goes

Sent to other local governments34%Schools and colleges17%Running the government and other costs13%Housing and community development9.9%Parks, recreation and libraries7.6%All other spending19%

What stands out

34%

of Carrabassett Valley's spending goes to local governments.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Sent to other local governments
34%$1.1 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$1.1 million
Schools and colleges
17%$523 thousand
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$523 thousand
Running the government and other costs
13%$423 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 3 more
  • Central staff services (personnel, purchasing, technology)$165 thousand
  • Finance, tax collection and budgeting$139 thousand
  • Government buildings$91 thousand
  • Other and not broken out$25 thousand
  • Other government-run businesses$3 thousand
Housing and community development
9.9%$310 thousand
Parks, recreation and libraries
7.6%$240 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$153 thousand
  • Libraries$87 thousand
Water, sewer, trash and utilities
7.3%$228 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$228 thousand
Interest on debt
4.9%$155 thousand
Roads, transit and parking
3.2%$101 thousand
What's in roads, transit and parkingAirports
  • Airports$101 thousand
Police, fire, courts and jails
2.6%$81 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$76 thousand
  • Courts and legal services$5 thousand
Environment and natural resources
0.6%$19 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$19 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Carrabassett Valley. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Town of Carrabassett Valley 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.