Town government · Somerset County, ME

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

In the latest recorded fiscal year (ended January 31, 2022), Smithfield took in $2.4 million and spent $2.4 million.

Latest recorded year: ended January 31, 2022Comes fromGoes to

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Where it comes from

Town taxes88%State tax money9.0%Fines and other2.6%

What stands out

88%

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

Town taxes88%

Property tax
88%$2.1 million

State tax money9.0%

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

From the state
9.0%$218 thousand

Fines and other2.6%

Interest, rents and other
2.6%$62 thousand

Where it goes

Running the government and other costs73%Police, fire, courts and jails15%Roads, transit and parking7.1%Health and hospitals3.3%Social services1.2%Interest on debt0.5%

What stands out

73%

of Smithfield'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
73%$1.8 million
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$1.5 million
  • Central staff services (personnel, purchasing, technology)$273 thousand
Police, fire, courts and jails
15%$362 thousand
What's in police, fire, courts and jailsPolice
  • Police$362 thousand
Roads, transit and parking
7.1%$172 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$172 thousand
Health and hospitals
3.3%$80 thousand
What's in health and hospitalsPublic health
  • Public health$80 thousand
Social services
1.2%$30 thousand
What's in social servicesOther public welfare
  • Other public welfare$30 thousand
Interest on debt
0.5%$12 thousand
Sources and moreWhere these numbers come from and what they cover

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

What this covers. The money of Town of Smithfield 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.