Town government · Knox County, ME

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

In the latest recorded fiscal year (ended June 30, 2022), Hope took in $5.7 million and spent $5.8 million.

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

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Where it comes from

Town taxes63%State tax money36%Fines and other1.0%Fees for services0.2%Federal tax money0.2%

What stands out

36%

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

Town taxes63%

Property tax
62%$3.5 million
Other taxes
0.4%$23 thousand
What's in other taxesOther licenses
  • Other licenses$23 thousand

Amounts are by Census tax category.

Fees for services0.2%

Fees for services
0.2%$10 thousand
What's in fees for servicesOther service charges
  • Other service charges$10 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$9 thousand

State tax money36%

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

From the state
36%$2.1 million

Fines and other1.0%

Interest, rents and other
1.0%$56 thousand

Where it goes

Schools and colleges64%Running the government and other costs23%Roads, transit and parking8.6%Police, fire, courts and jails1.8%Water, sewer, trash and utilities1.0%All other spending1.9%

What stands out

64%

of Hope'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
64%$3.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$3.7 million
Running the government and other costs
23%$1.3 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 3 more
  • Other and not broken out$1.0 million
  • Central staff services (personnel, purchasing, technology)$187 thousand
  • Finance, tax collection and budgeting$75 thousand
  • Other government-run businesses$17 thousand
  • Government buildings$16 thousand
Roads, transit and parking
8.6%$501 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$501 thousand
Police, fire, courts and jails
1.8%$107 thousand
What's in police, fire, courts and jailsFire protection and inspections and regulation
  • Fire protection$69 thousand
  • Inspections and regulation$38 thousand
Water, sewer, trash and utilities
1.0%$58 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$58 thousand
Sent to other local governments
0.9%$52 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$52 thousand
Health and hospitals
0.8%$46 thousand
What's in health and hospitalsPublic health
  • Public health$46 thousand
Parks, recreation and libraries
0.1%$8 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$8 thousand
Interest on debt
<0.1%$3 thousand
Social services
<0.1%$1 thousand
What's in social servicesOther public welfare
  • Other public welfare$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hope. 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 Hope 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.