Town government · Allegany County, MD

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

In the latest recorded fiscal year (ended June 30, 2022), Lonaconing took in $3.4 million and spent $2.1 million.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money37%Fees for services (water)31%Federal tax money24%Town taxes8.3%Fines and other0.4%County and local tax money<0.1%

What stands out

24%

of Lonaconing's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes8.3%

Property tax
6.2%$208 thousand
Other taxes
2.1%$70 thousand
What's in other taxesAmusement taxes; other selective sales taxes and 2 more
  • Amusement taxes$46 thousand
  • Other selective sales taxes$16 thousand
  • Alcoholic beverage licenses$4 thousand
  • Occupation and business licenses$4 thousand

Amounts are by Census tax category.

Fees for services31%

Fees for services
31%$1.0 million
What's in fees for servicesWater and other service charges
  • Water$1.0 million
  • Other service charges$6 thousand

Amounts are by Census type of charge.

Federal tax money24%

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

From the federal government
24%$790 thousand

State tax money37%

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

From the state
37%$1.2 million

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%$3 thousand

Fines and other0.4%

Interest, rents and other
0.4%$13 thousand

Where it goes

Water, sewer, trash and utilities54%Interest on debt26%Roads, transit and parking11%Running the government and other costs5.2%Parks, recreation and libraries2.1%Police, fire, courts and jails1.6%

What stands out

26%

of Lonaconing's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
54%$1.1 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$1.1 million
Interest on debt
26%$538 thousand
Roads, transit and parking
11%$232 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$232 thousand
Running the government and other costs
5.2%$109 thousand
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$36 thousand
  • Finance, tax collection and budgeting$28 thousand
  • Central staff services (personnel, purchasing, technology)$23 thousand
  • Government buildings$22 thousand
Parks, recreation and libraries
2.1%$44 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$44 thousand
Police, fire, courts and jails
1.6%$34 thousand
What's in police, fire, courts and jailsPolice
  • Police$34 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Lonaconing. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Lonaconing 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.