Town government · Caroline County, MD

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

In the latest recorded fiscal year (ended June 30, 2022), Preston took in $1.5 million and spent $1.3 million.

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

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Where it comes from

State tax money41%Fees for services (sewer, water)28%Town taxes24%Fines and other7.3%

What stands out

41%

of Preston's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Town taxes24%

Property tax
18%$274 thousand
Individual income tax
5.9%$91 thousand
Other taxes
0.5%$7 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$4 thousand
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services28%

Fees for services
28%$433 thousand
What's in fees for servicesSewer and water
  • Sewer$300 thousand
  • Water$133 thousand

Amounts are by Census type of charge.

State tax money41%

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

From the state
41%$626 thousand

Fines and other7.3%

Interest, rents and other
7.3%$113 thousand

Where it goes

Water, sewer, trash and utilities57%Running the government and other costs14%Roads, transit and parking14%Interest on debt8.2%Police, fire, courts and jails7.3%

What stands out

57%

of Preston's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
57%$744 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$575 thousand
  • Water supply$139 thousand
  • Gas supply$30 thousand
Running the government and other costs
14%$184 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$139 thousand
  • Finance, tax collection and budgeting$21 thousand
  • Government buildings$13 thousand
  • Central staff services (personnel, purchasing, technology)$11 thousand
Roads, transit and parking
14%$179 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$179 thousand
Interest on debt
8.2%$107 thousand
Police, fire, courts and jails
7.3%$95 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$91 thousand
  • Courts and legal services$4 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Preston. 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 Preston 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.