Town government · Waldo County, ME

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

In the latest recorded fiscal year (ended December 31, 2021), Prospect took in $695 thousand and spent $532 thousand.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Town taxes70%State tax money26%Fines and other2.7%Fees for services0.7%

What stands out

70%

of Prospect's money comes from property tax.A typical U.S. township or town of under 10,000 people gets 52%.

Town taxes70%

Property tax
70%$487 thousand

Fees for services0.7%

Fees for services
0.7%$5 thousand
What's in fees for servicesOther service charges
  • Other service charges$5 thousand

Amounts are by Census type of charge.

State tax money26%

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

From the state
26%$184 thousand

Fines and other2.7%

Interest, rents and other
2.7%$19 thousand

Where it goes

Roads, transit and parking45%Running the government and other costs29%Water, sewer, trash and utilities17%Police, fire, courts and jails7.3%Health and hospitals1.7%All other spending0.6%

What stands out

17%

of Prospect'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%

Roads, transit and parking
45%$239 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$239 thousand
Running the government and other costs
29%$152 thousand
What's in running the government and other costsGovernment buildings; finance, tax collection and budgeting and 3 more
  • Government buildings$83 thousand
  • Finance, tax collection and budgeting$39 thousand
  • Central staff services (personnel, purchasing, technology)$16 thousand
  • Other and not broken out$7 thousand
  • Other government-run businesses$7 thousand
Water, sewer, trash and utilities
17%$90 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$90 thousand
Police, fire, courts and jails
7.3%$39 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$39 thousand
Health and hospitals
1.7%$9 thousand
What's in health and hospitalsPublic health
  • Public health$9 thousand
Interest on debt
0.4%$2 thousand
Parks, recreation and libraries
0.2%$1 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Prospect. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Prospect 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.