Town government · Somerset County, ME

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

In the latest recorded fiscal year (ended June 30, 2024), Madison took in $9.9 million and spent $9.4 million.

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

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Where it comes from

Town taxes78%State tax money20%Fees for services2.1%County and local tax money0.7%

What stands out

9.4%

of Madison's money comes from taxes other than property, sales and income taxes.Most U.S. townships and towns of under 10,000 people get none.

Town taxes78%

Property tax
68%$6.8 million
Other taxes
9.4%$939 thousand
What's in other taxesOther selective sales taxes
  • Other selective sales taxes$939 thousand

Amounts are by Census tax category.

Fees for services2.1%

Fees for services
2.1%$210 thousand
What's in fees for servicesOther service charges
  • Other service charges$210 thousand

Amounts are by Census type of charge.

State tax money20%

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

From the state
20%$2.0 million

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$70 thousand

Where it goes

Running the government and other costs77%Roads, transit and parking14%Police, fire, courts and jails7.3%Parks, recreation and libraries0.8%Interest on debt0.1%

What stands out

77%

of Madison's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Running the government and other costs
77%$7.3 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$6.6 million
  • Finance, tax collection and budgeting$668 thousand
  • Government buildings$31 thousand
Roads, transit and parking
14%$1.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.3 million
Police, fire, courts and jails
7.3%$687 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$687 thousand
Parks, recreation and libraries
0.8%$76 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$76 thousand
Interest on debt
0.1%$10 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Madison. 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 Madison 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.