Town government · Penobscot County, ME
Old's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Old took in $25.2 million and spent $17.0 million.
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Where it comes from
What stands out
of Old's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.
Town taxes52%
What's in other taxesMotor vehicle licenses
- Motor vehicle licenses$1.8 million
Amounts are by Census tax category.
Fees for services14%
What's in fees for servicesAirport; sewer and 1 more
- Airport$1.9 million
- Sewer$1.5 million
- Garbage collection$122 thousand
Amounts are by Census type of charge.
Federal tax money12%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money20%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other2.0%
Where it goes
What stands out
of Old's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.
Spending by category100%
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$6.8 million
What's in police, fire, courts and jailsPolice and fire protection
- Police$2.5 million
- Fire protection$2.0 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
- Sewer systems$2.6 million
- Garbage and solid waste$644 thousand
What's in parks, recreation and librariesParks and recreation and libraries
- Parks and recreation$943 thousand
- Libraries$487 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
- Central staff services (personnel, purchasing, technology)$441 thousand
Sources and moreWhere these numbers come from and what they cover
Town of Old. 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 Old 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.