Town government · Somerset County, ME

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

In the latest recorded fiscal year (ended December 31, 2021), Palmyra took in $1.5 million and spent $971 thousand.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Town taxes54%State tax money38%Fines and other5.5%Fees for services1.8%

What stands out

38%

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

Town taxes54%

Property tax
54%$807 thousand

Fees for services1.8%

Fees for services
1.8%$26 thousand
What's in fees for servicesOther service charges
  • Other service charges$26 thousand

Amounts are by Census type of charge.

State tax money38%

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

From the state
38%$568 thousand

Fines and other5.5%

Interest, rents and other
5.5%$82 thousand

Where it goes

Running the government and other costs50%Roads, transit and parking22%Water, sewer, trash and utilities14%Police, fire, courts and jails8.9%Interest on debt3.8%All other spending1.6%

What stands out

14%

of Palmyra's spending goes to water, sewer, trash and other utilities.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
50%$483 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$312 thousand
  • Central staff services (personnel, purchasing, technology)$96 thousand
  • Finance, tax collection and budgeting$53 thousand
  • Other government-run businesses$22 thousand
Roads, transit and parking
22%$213 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$213 thousand
Water, sewer, trash and utilities
14%$136 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$136 thousand
Police, fire, courts and jails
8.9%$86 thousand
What's in police, fire, courts and jailsFire protection; inspections and regulation and 1 more
  • Fire protection$64 thousand
  • Inspections and regulation$21 thousand
  • Courts and legal services$1 thousand
Interest on debt
3.8%$37 thousand
Health and hospitals
1.0%$10 thousand
What's in health and hospitalsPublic health
  • Public health$10 thousand
Parks, recreation and libraries
0.6%$6 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$4 thousand
  • Libraries$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Palmyra. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Palmyra 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.