Town government · Montgomery County, MD

Garrett Park's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Garrett Park took in $1.8 million and spent $1.6 million.

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

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Where it comes from

Town taxes63%State tax money20%Fines and other8.6%Fees for services6.8%County and local tax money1.0%

What stands out

28%

of Garrett Park's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes63%

Property tax
34%$611 thousand
Individual income tax
28%$499 thousand
Other taxes
0.8%$15 thousand
What's in other taxesPublic utility licenses and other licenses
  • Public utility licenses$12 thousand
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services6.8%

Fees for services
6.8%$121 thousand
What's in fees for servicesOther service charges
  • Other service charges$121 thousand

Amounts are by Census type of charge.

State tax money20%

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

From the state
20%$358 thousand

County and local tax money1.0%

Money passed on by the county or other local governments.

From the county and other local governments
1.0%$18 thousand

Fines and other8.6%

Interest, rents and other
8.6%$152 thousand

Where it goes

Roads, transit and parking44%Running the government and other costs42%Water, sewer, trash and utilities9.6%Parks, recreation and libraries3.3%Police, fire, courts and jails1.0%Interest on debt0.1%

What stands out

44%

of Garrett Park's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
44%$721 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$721 thousand
Running the government and other costs
42%$683 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$490 thousand
  • Central staff services (personnel, purchasing, technology)$143 thousand
  • Finance, tax collection and budgeting$50 thousand
Water, sewer, trash and utilities
9.6%$156 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$156 thousand
Parks, recreation and libraries
3.3%$54 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$54 thousand
Police, fire, courts and jails
1.0%$17 thousand
What's in police, fire, courts and jailsCourts and legal services
  • Courts and legal services$17 thousand
Interest on debt
0.1%$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Garrett Park. 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 Garrett Park 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.