Town government · Hancock County, ME

Verona Island's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Verona Island took in $1.1 million and spent $2.1 million.

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

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Where it comes from

Town taxes80%State tax money11%Fees for services (sewer, garbage collection)8.5%Fines and other0.5%

What stands out

8.5%

of Verona Island's money comes from fees for services such as water, sewer and parking.Most U.S. townships and towns of under 10,000 people get none.

Town taxes80%

Property tax
80%$861 thousand
Other taxes
0.5%$5 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$5 thousand

Amounts are by Census tax category.

Fees for services8.5%

Fees for services
8.5%$91 thousand
What's in fees for servicesSewer; other service charges and 1 more
  • Sewer$52 thousand
  • Other service charges$37 thousand
  • Garbage collection$2 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$114 thousand

Fines and other0.5%

Interest, rents and other
0.4%$4 thousand
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities69%Running the government and other costs17%Health and hospitals4.2%Sent to other local governments4.2%Roads, transit and parking3.5%All other spending2.8%

What stands out

69%

of Verona Island'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%

Water, sewer, trash and utilities
69%$1.4 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$1.3 million
  • Garbage and solid waste$65 thousand
Running the government and other costs
17%$342 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$308 thousand
  • Finance, tax collection and budgeting$34 thousand
Health and hospitals
4.2%$87 thousand
What's in health and hospitalsPublic health
  • Public health$87 thousand
Sent to other local governments
4.2%$86 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$86 thousand
Roads, transit and parking
3.5%$71 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$71 thousand
Police, fire, courts and jails
1.8%$37 thousand
What's in police, fire, courts and jailsFire protection and inspections and regulation
  • Fire protection$33 thousand
  • Inspections and regulation$4 thousand
Interest on debt
0.8%$16 thousand
Social services
0.1%$3 thousand
What's in social servicesOther public welfare
  • Other public welfare$3 thousand
Parks, recreation and libraries
<0.1%$2 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Verona Island. 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 Verona Island 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.