Town government · Hancock County, ME

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

In the latest recorded fiscal year (ended June 30, 2022), Tremont took in $5.6 million and spent $5.6 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Town taxes88%State tax money7.0%Fees for services (ports and waterways, school lunches)2.8%Fines and other1.7%Federal tax money0.3%

What stands out

87%

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

Town taxes88%

Property tax
87%$4.9 million
Other taxes
0.9%$48 thousand
What's in other taxesPublic utility taxes; occupation and business licenses and 1 more
  • Public utility taxes$26 thousand
  • Occupation and business licenses$11 thousand
  • Other licenses$11 thousand

Amounts are by Census tax category.

Fees for services2.8%

Fees for services
2.8%$157 thousand
What's in fees for servicesPorts and waterways; other service charges and 2 more
  • Ports and waterways$136 thousand
  • Other service charges$17 thousand
  • Other government-run businesses$3 thousand
  • School lunches$1 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
0.3%$15 thousand

State tax money7.0%

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

From the state
7.0%$391 thousand

Fines and other1.7%

Interest, rents and other
1.7%$95 thousand

Where it goes

Schools and colleges63%Running the government and other costs15%Roads, transit and parking11%Police, fire, courts and jails4.6%Water, sewer, trash and utilities4.2%All other spending1.9%

What stands out

63%

of Tremont's spending goes to schools and colleges.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Schools and colleges
63%$3.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$3.5 million
Running the government and other costs
15%$842 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$571 thousand
  • Central staff services (personnel, purchasing, technology)$174 thousand
  • Finance, tax collection and budgeting$76 thousand
  • Government buildings$21 thousand
Roads, transit and parking
11%$630 thousand
What's in roads, transit and parkingRoads and highways and ports and harbors
  • Roads and highways$569 thousand
  • Ports and harbors$61 thousand
Police, fire, courts and jails
4.6%$260 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$131 thousand
  • Police$116 thousand
  • Courts and legal services$13 thousand
Water, sewer, trash and utilities
4.2%$237 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$237 thousand
Health and hospitals
1.1%$64 thousand
What's in health and hospitalsPublic health
  • Public health$64 thousand
Parks, recreation and libraries
0.5%$29 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$24 thousand
  • Libraries$5 thousand
Interest on debt
0.2%$11 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Tremont. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Tremont 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.