Town government · Lincoln County, ME

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

In the latest recorded fiscal year (ended June 30, 2024), Damariscotta took in $8.6 million and spent $4.6 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Town taxes73%State tax money24%Fines and other1.5%Fees for services0.8%

What stands out

73%

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

Town taxes73%

Property tax
73%$6.3 million
Other taxes
0.5%$43 thousand
What's in other taxesOther licenses and occupation and business licenses
  • Other licenses$23 thousand
  • Occupation and business licenses$20 thousand

Amounts are by Census tax category.

Fees for services0.8%

Fees for services
0.8%$70 thousand
What's in fees for servicesOther service charges and other government-run businesses
  • Other service charges$68 thousand
  • Other government-run businesses$2 thousand

Amounts are by Census type of charge.

State tax money24%

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

From the state
24%$2.1 million

Fines and other1.5%

Interest, rents and other
1.4%$120 thousand
Fines
0.1%$12 thousand

Where it goes

Schools and colleges29%Running the government and other costs27%Police, fire, courts and jails24%Roads, transit and parking12%Water, sewer, trash and utilities3.3%All other spending4.5%

What stands out

29%

of Damariscotta'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
29%$1.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$1.4 million
Running the government and other costs
27%$1.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 3 more
  • Central staff services (personnel, purchasing, technology)$614 thousand
  • Other and not broken out$447 thousand
  • Other government-run businesses$72 thousand
  • Government buildings$62 thousand
  • Finance, tax collection and budgeting$27 thousand
Police, fire, courts and jails
24%$1.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$712 thousand
  • Fire protection$387 thousand
  • Courts and legal services$15 thousand
Roads, transit and parking
12%$551 thousand
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$530 thousand
  • Parking$21 thousand
Water, sewer, trash and utilities
3.3%$150 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$150 thousand
Health and hospitals
2.0%$91 thousand
What's in health and hospitalsPublic health
  • Public health$91 thousand
Sent to other local governments
1.1%$50 thousand
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$50 thousand
Parks, recreation and libraries
1.0%$44 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$38 thousand
  • Parks and recreation$6 thousand
Social services
0.2%$11 thousand
What's in social servicesOther public welfare
  • Other public welfare$11 thousand
Environment and natural resources
0.2%$10 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$10 thousand
Interest on debt
<0.1%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Damariscotta. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of Town of Damariscotta 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.