Town government · Cecil County, MD

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

In the latest recorded fiscal year (ended June 30, 2024), Elkton took in $33.9 million and spent $28.1 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Town taxes43%Fees for services (sewer, water)37%Federal tax money14%Fines and other3.3%State tax money2.5%

What stands out

14%

of Elkton's money comes from federal tax money.A typical U.S. city of 10,000 to 50,000 people gets 1.2%.

Town taxes43%

Property tax
34%$11.4 million
Individual income tax
5.9%$2.0 million
Other taxes
3.7%$1.3 million
What's in other taxesOther selective sales taxes; public utility licenses and 3 more
  • Other selective sales taxes$907 thousand
  • Public utility licenses$183 thousand
  • Other licenses$67 thousand
  • Amusement taxes$51 thousand
  • Occupation and business licenses$47 thousand

Amounts are by Census tax category.

Fees for services37%

Fees for services
37%$12.4 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$6.5 million
  • Water$4.2 million
  • Garbage collection$1.5 million
  • Parks and recreation$219 thousand
  • Other service charges$76 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$4.9 million

State tax money2.5%

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

From the state
2.5%$833 thousand

Fines and other3.3%

Interest, rents and other
3.3%$1.1 million
Fines
<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities56%Police, fire, courts and jails32%Running the government and other costs8.8%Parks, recreation and libraries2.0%Interest on debt0.7%

What stands out

56%

of Elkton's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
56%$15.8 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$6.2 million
  • Garbage and solid waste$5.9 million
  • Water supply$3.8 million
Police, fire, courts and jails
32%$9.0 million
What's in police, fire, courts and jailsPolice and inspections and regulation
  • Police$8.4 million
  • Inspections and regulation$656 thousand
Running the government and other costs
8.8%$2.5 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 2 more
  • Central staff services (personnel, purchasing, technology)$1.7 million
  • Government buildings$437 thousand
  • Finance, tax collection and budgeting$268 thousand
  • Other and not broken out$48 thousand
Parks, recreation and libraries
2.0%$558 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$558 thousand
Interest on debt
0.7%$192 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Elkton. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Elkton 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.