Town government · Carroll County, MD

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

In the latest recorded fiscal year (ended June 30, 2024), Hampstead took in $5.3 million and spent $5.5 million.

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

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Where it comes from

Town taxes56%Fees for services (water)24%State tax money11%Fines and other9.5%County and local tax money<0.1%

What stands out

22%

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

Town taxes56%

Property tax
31%$1.7 million
Individual income tax
22%$1.2 million
Other taxes
3.4%$183 thousand
What's in other taxesAmusement taxes; public utility licenses and 3 more
  • Amusement taxes$62 thousand
  • Public utility licenses$59 thousand
  • Other licenses$50 thousand
  • Occupation and business licenses$8 thousand
  • Alcoholic beverage licenses$4 thousand

Amounts are by Census tax category.

Fees for services24%

Fees for services
24%$1.3 million
What's in fees for servicesWater and other service charges
  • Water$1.3 million
  • Other service charges$18 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%$566 thousand

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$4 thousand

Fines and other9.5%

Interest, rents and other
9.5%$510 thousand

Where it goes

Water, sewer, trash and utilities34%Police, fire, courts and jails23%Running the government and other costs21%Roads, transit and parking15%Parks, recreation and libraries4.8%Interest on debt2.2%

What stands out

23%

of Hampstead's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
34%$1.9 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$1.4 million
  • Garbage and solid waste$513 thousand
Police, fire, courts and jails
23%$1.3 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.2 million
  • Fire protection$40 thousand
  • Courts and legal services$9 thousand
Running the government and other costs
21%$1.2 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$833 thousand
  • Finance, tax collection and budgeting$272 thousand
  • Government buildings$34 thousand
  • Central staff services (personnel, purchasing, technology)$32 thousand
Roads, transit and parking
15%$804 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$804 thousand
Parks, recreation and libraries
4.8%$265 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$265 thousand
Interest on debt
2.2%$124 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hampstead. 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 Hampstead 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.