Town government · Somerset County, MD

Princess Anne's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Princess Anne took in $4.1 million and spent $4.3 million.

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

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Where it comes from

Town taxes64%Fines and other13%State tax money10%Fees for services (garbage collection)5.9%Federal tax money5.8%County and local tax money0.4%

What stands out

56%

of Princess Anne's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Town taxes64%

Property tax
56%$2.3 million
Individual income tax
6.0%$248 thousand
Other taxes
2.6%$106 thousand
What's in other taxesOther licenses; public utility licenses and 1 more
  • Other licenses$68 thousand
  • Public utility licenses$30 thousand
  • Occupation and business licenses$8 thousand

Amounts are by Census tax category.

Fees for services5.9%

Fees for services
5.9%$244 thousand
What's in fees for servicesOther service charges and garbage collection
  • Other service charges$132 thousand
  • Garbage collection$112 thousand

Amounts are by Census type of charge.

Federal tax money5.8%

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

From the federal government
5.8%$240 thousand

State tax money10%

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

From the state
10%$414 thousand

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$18 thousand

Fines and other13%

Interest, rents and other
13%$541 thousand
Fines
0.1%$5 thousand

Where it goes

Police, fire, courts and jails52%Running the government and other costs30%Roads, transit and parking13%Interest on debt2.2%Water, sewer, trash and utilities1.5%Parks, recreation and libraries0.6%

What stands out

52%

of Princess Anne's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
52%$2.3 million
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$2.1 million
  • Courts and legal services$80 thousand
  • Fire protection$30 thousand
Running the government and other costs
30%$1.3 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$651 thousand
  • Central staff services (personnel, purchasing, technology)$368 thousand
  • Finance, tax collection and budgeting$222 thousand
  • Government buildings$79 thousand
Roads, transit and parking
13%$576 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$576 thousand
Interest on debt
2.2%$97 thousand
Water, sewer, trash and utilities
1.5%$63 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$63 thousand
Parks, recreation and libraries
0.6%$26 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$26 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Princess Anne. 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 Princess Anne 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.