Town government · Garrett County, MD

Mountain Lake Park's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Mountain Lake Park took in $1.9 million and spent $1.3 million.

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

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Where it comes from

Town taxes36%Federal tax money30%State tax money19%Fees for services (sewer)15%Fines and other0.5%County and local tax money0.1%

What stands out

30%

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

Town taxes36%

Property tax
25%$468 thousand
Individual income tax
8.8%$165 thousand
Other taxes
2.1%$39 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 2 more
  • Public utility taxes$21 thousand
  • Other selective sales taxes$14 thousand
  • Occupation and business licenses$3 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services15%

Fees for services
15%$274 thousand
What's in fees for servicesSewer and other service charges
  • Sewer$273 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

Federal tax money30%

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

From the federal government
30%$562 thousand

State tax money19%

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

From the state
19%$358 thousand

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$2 thousand

Fines and other0.5%

Interest, rents and other
0.5%$9 thousand

Where it goes

Running the government and other costs62%Water, sewer, trash and utilities27%Roads, transit and parking9.3%Police, fire, courts and jails1.3%Interest on debt0.4%

What stands out

62%

of Mountain Lake Park's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
62%$831 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$663 thousand
  • Finance, tax collection and budgeting$123 thousand
  • Government buildings$30 thousand
  • Central staff services (personnel, purchasing, technology)$15 thousand
Water, sewer, trash and utilities
27%$368 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$291 thousand
  • Garbage and solid waste$77 thousand
Roads, transit and parking
9.3%$125 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$125 thousand
Police, fire, courts and jails
1.3%$18 thousand
What's in police, fire, courts and jailsCourts and legal services
  • Courts and legal services$18 thousand
Interest on debt
0.4%$5 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Mountain Lake 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 Mountain Lake 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.