Town government · Wicomico County, MD

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

In the latest recorded fiscal year (ended June 30, 2024), Sharptown took in $931 thousand and spent $991 thousand.

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

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Where it comes from

Town taxes35%State tax money31%Fees for services (water, sewer)29%Fines and other5.5%

What stands out

10%

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

Town taxes35%

Property tax
25%$231 thousand
Individual income tax
9.9%$92 thousand
Other taxes
0.3%$3 thousand
What's in other taxesOther licenses and occupation and business licenses
  • Other licenses$2 thousand
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Fees for services29%

Fees for services
29%$266 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$108 thousand
  • Sewer$104 thousand
  • Parks and recreation$42 thousand
  • Other service charges$12 thousand

Amounts are by Census type of charge.

State tax money31%

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

From the state
31%$288 thousand

Fines and other5.5%

Interest, rents and other
5.5%$51 thousand

Where it goes

Water, sewer, trash and utilities42%Roads, transit and parking34%Running the government and other costs18%Parks, recreation and libraries4.1%Police, fire, courts and jails1.6%Interest on debt0.7%

What stands out

34%

of Sharptown'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%

Water, sewer, trash and utilities
42%$414 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$210 thousand
  • Water supply$159 thousand
  • Garbage and solid waste$45 thousand
Roads, transit and parking
34%$339 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$339 thousand
Running the government and other costs
18%$174 thousand
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 1 more
  • Finance, tax collection and budgeting$137 thousand
  • Government buildings$28 thousand
  • Central staff services (personnel, purchasing, technology)$9 thousand
Parks, recreation and libraries
4.1%$41 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$41 thousand
Police, fire, courts and jails
1.6%$16 thousand
What's in police, fire, courts and jailsCourts and legal services and inspections and regulation
  • Courts and legal services$14 thousand
  • Inspections and regulation$2 thousand
Interest on debt
0.7%$7 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Sharptown. 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 Sharptown 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.