Town government · Frederick County, MD

New Market's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), New Market took in $1.7 million and spent $1.7 million.

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

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Where it comes from

Town taxes68%Federal tax money21%State tax money9.5%County and local tax money1.3%Fees for services0.3%Fines and other0.2%

What stands out

43%

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

Town taxes68%

Individual income tax
43%$738 thousand
Property tax
17%$298 thousand
Other taxes
7.4%$128 thousand
What's in other taxesAmusement taxes; public utility licenses and 2 more
  • Amusement taxes$102 thousand
  • Public utility licenses$17 thousand
  • Other licenses$6 thousand
  • Occupation and business licenses$3 thousand

Amounts are by Census tax category.

Fees for services0.3%

Fees for services
0.3%$5 thousand
What's in fees for servicesOther service charges
  • Other service charges$5 thousand

Amounts are by Census type of charge.

Federal tax money21%

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

From the federal government
21%$364 thousand

State tax money9.5%

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

From the state
9.5%$164 thousand

County and local tax money1.3%

Money passed on by the county or other local governments.

From the county and other local governments
1.3%$23 thousand

Fines and other0.2%

Interest, rents and other
0.2%$4 thousand

Where it goes

Roads, transit and parking66%Running the government and other costs24%Water, sewer, trash and utilities7.1%Police, fire, courts and jails1.5%Parks, recreation and libraries1.4%

What stands out

66%

of New Market'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
66%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Running the government and other costs
24%$405 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$250 thousand
  • Finance, tax collection and budgeting$94 thousand
  • Government buildings$36 thousand
  • Central staff services (personnel, purchasing, technology)$25 thousand
Water, sewer, trash and utilities
7.1%$119 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$119 thousand
Police, fire, courts and jails
1.5%$25 thousand
What's in police, fire, courts and jailsCourts and legal services and fire protection
  • Courts and legal services$18 thousand
  • Fire protection$7 thousand
Parks, recreation and libraries
1.4%$23 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$23 thousand
Sources and moreWhere these numbers come from and what they cover

Town of New Market. 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 New Market 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.