City government · Montgomery County, MD

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

In the latest recorded fiscal year (ended June 30, 2024), Gaithersburg took in $92.8 million and spent $82.0 million.

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

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Where it comes from

City taxes45%County and local tax money24%Fees for services (parks and recreation, garbage collection)13%Fines and other12%State tax money6.1%Federal tax money0.9%

What stands out

24%

of Gaithersburg's money comes from county and other local tax money.A typical U.S. city of 50,000+ people gets 0.9%.

City taxes45%

Property tax
37%$34.1 million
Other taxes
7.8%$7.2 million
What's in other taxesOther licenses; amusement taxes and 4 more
  • Other licenses$3.0 million
  • Amusement taxes$2.3 million
  • Other selective sales taxes$1.1 million
  • Public utility licenses$732 thousand
  • Occupation and business licenses$92 thousand
  • Amusement licenses$6 thousand

Amounts are by Census tax category.

Fees for services13%

Fees for services
13%$11.8 million
What's in fees for servicesOther service charges; parks and recreation and 1 more
  • Other service charges$5.9 million
  • Parks and recreation$4.0 million
  • Garbage collection$1.9 million

Amounts are by Census type of charge.

Federal tax money0.9%

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

From the federal government
0.9%$828 thousand

State tax money6.1%

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

From the state
6.1%$5.7 million

County and local tax money24%

Money passed on by the county or other local governments.

From the county and other local governments
24%$22.4 million

Fines and other12%

Interest, rents and other
9.9%$9.2 million
Fines
1.6%$1.5 million

Where it goes

Running the government and other costs50%Police, fire, courts and jails19%Parks, recreation and libraries15%Roads, transit and parking9.8%Housing and community development3.7%Water, sewer, trash and utilities3.2%

What stands out

50%

of Gaithersburg's spending goes to running the government and other costs.A typical U.S. city of 50,000+ people spends 16%.

Spending by category100%

Running the government and other costs
50%$40.6 million
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$18.7 million
  • Central staff services (personnel, purchasing, technology)$12.9 million
  • Finance, tax collection and budgeting$5.1 million
  • Government buildings$3.9 million
Police, fire, courts and jails
19%$15.6 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 1 more
  • Police$12.9 million
  • Inspections and regulation$1.8 million
  • Courts and legal services$1.0 million
Parks, recreation and libraries
15%$12.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$12.1 million
Roads, transit and parking
9.8%$8.0 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
  • Roads and highways$5.9 million
  • Public transit$2.0 million
  • Parking$35 thousand
Housing and community development
3.7%$3.0 million
Water, sewer, trash and utilities
3.2%$2.6 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$2.6 million
Sources and moreWhere these numbers come from and what they cover

City of Gaithersburg. 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 City of Gaithersburg 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.