Town government · Washington County, MD

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

In the latest recorded fiscal year (ended June 30, 2024), Hancock took in $3.0 million and spent $3.2 million.

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

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Where it comes from

Fees for services (water, sewer)33%Fines and other27%Town taxes27%State tax money13%County and local tax money<0.1%

What stands out

26%

of Hancock's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Town taxes27%

Property tax
20%$605 thousand
Individual income tax
4.4%$130 thousand
Other taxes
1.7%$51 thousand
What's in other taxesOther selective sales taxes; public utility licenses and 1 more
  • Other selective sales taxes$30 thousand
  • Public utility licenses$13 thousand
  • Occupation and business licenses$8 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$964 thousand
What's in fees for servicesWater; sewer and 3 more
  • Water$420 thousand
  • Sewer$377 thousand
  • Garbage collection$157 thousand
  • Other service charges$6 thousand
  • Parks and recreation$4 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$1 thousand

State tax money13%

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

From the state
13%$394 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%$2 thousand

Fines and other27%

Interest, rents and other
26%$756 thousand
Fines
1.8%$52 thousand

Where it goes

Water, sewer, trash and utilities34%Running the government and other costs22%Police, fire, courts and jails21%Parks, recreation and libraries15%Roads, transit and parking4.9%Interest on debt3.0%

What stands out

15%

of Hancock's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
34%$1.1 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$503 thousand
  • Sewer systems$383 thousand
  • Garbage and solid waste$201 thousand
Running the government and other costs
22%$690 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$429 thousand
  • Government buildings$122 thousand
  • Finance, tax collection and budgeting$113 thousand
  • Central staff services (personnel, purchasing, technology)$26 thousand
Police, fire, courts and jails
21%$682 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$612 thousand
  • Courts and legal services$70 thousand
Parks, recreation and libraries
15%$494 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$494 thousand
Roads, transit and parking
4.9%$158 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$158 thousand
Interest on debt
3.0%$95 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hancock. 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 Hancock 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.