Town government · Penobscot County, ME

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

In the latest recorded fiscal year (ended June 30, 2024), Hermon took in $21.9 million and spent $27.0 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money47%Town taxes36%County and local tax money13%Fees for services (parks and recreation, school lunches)3.2%Fines and other1.0%Federal tax money0.8%

What stands out

13%

of Hermon's money comes from county and other local tax money.Most U.S. townships and towns of under 10,000 people get none.

Town taxes36%

Property tax
35%$7.7 million
Other taxes
0.4%$98 thousand
What's in other taxesOther licenses
  • Other licenses$98 thousand

Amounts are by Census tax category.

Fees for services3.2%

Fees for services
3.2%$699 thousand
What's in fees for servicesParks and recreation; other service charges and 7 more
  • Parks and recreation$306 thousand
  • Other service charges$251 thousand
  • School lunches$78 thousand
  • Other school charges$30 thousand
  • Garbage collection$12 thousand
  • School tuition and transportation$9 thousand
  • Other government-run businesses$5 thousand
  • Road charges$5 thousand
  • Sewer$3 thousand

Amounts are by Census type of charge.

Federal tax money0.8%

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

From the federal government
0.8%$171 thousand

State tax money47%

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

From the state
47%$10.2 million

County and local tax money13%

Money passed on by the county or other local governments.

From the county and other local governments
13%$2.8 million

Fines and other1.0%

Interest, rents and other
1.0%$214 thousand

Where it goes

Schools and colleges78%Running the government and other costs7.4%Roads, transit and parking5.4%Police, fire, courts and jails4.0%Water, sewer, trash and utilities2.1%All other spending2.9%

What stands out

78%

of Hermon'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
78%$21.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$21.1 million
Running the government and other costs
7.4%$2.0 million
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)$829 thousand
  • Finance, tax collection and budgeting$626 thousand
  • Other and not broken out$476 thousand
  • Government buildings$54 thousand
  • Other government-run businesses$10 thousand
Roads, transit and parking
5.4%$1.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.4 million
Police, fire, courts and jails
4.0%$1.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$564 thousand
  • Fire protection$466 thousand
  • Inspections and regulation$52 thousand
Water, sewer, trash and utilities
2.1%$565 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$491 thousand
  • Sewer systems$74 thousand
Social services
0.9%$254 thousand
What's in social servicesOther public welfare
  • Other public welfare$254 thousand
Sent to other local governments
0.9%$242 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$242 thousand
Interest on debt
0.6%$168 thousand
Parks, recreation and libraries
0.4%$114 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$114 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hermon. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Hermon 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.