Town government · Carroll County, MD

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

In the latest recorded fiscal year (ended June 30, 2022), Sykesville took in $3.8 million and spent $3.7 million.

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

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Where it comes from

Town taxes77%State tax money11%Fees for services (garbage collection)6.3%Fines and other4.0%Federal tax money1.3%

What stands out

31%

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

Town taxes77%

Property tax
44%$1.7 million
Individual income tax
31%$1.2 million
Other taxes
2.9%$110 thousand
What's in other taxesPublic utility licenses; other licenses and 2 more
  • Public utility licenses$71 thousand
  • Other licenses$34 thousand
  • Occupation and business licenses$3 thousand
  • Alcoholic beverage licenses$2 thousand

Amounts are by Census tax category.

Fees for services6.3%

Fees for services
6.3%$237 thousand
What's in fees for servicesOther service charges and garbage collection
  • Other service charges$202 thousand
  • Garbage collection$35 thousand

Amounts are by Census type of charge.

Federal tax money1.3%

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

From the federal government
1.3%$51 thousand

State tax money11%

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

From the state
11%$412 thousand

Fines and other4.0%

Interest, rents and other
4.0%$150 thousand
Fines
<0.1%$2 thousand

Where it goes

Running the government and other costs41%Police, fire, courts and jails23%Water, sewer, trash and utilities15%Roads, transit and parking12%Parks, recreation and libraries10%

What stands out

41%

of Sykesville'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
41%$1.5 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$904 thousand
  • Central staff services (personnel, purchasing, technology)$282 thousand
  • Finance, tax collection and budgeting$197 thousand
  • Government buildings$99 thousand
Police, fire, courts and jails
23%$824 thousand
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$798 thousand
  • Courts and legal services$24 thousand
  • Fire protection$2 thousand
Water, sewer, trash and utilities
15%$542 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$542 thousand
Roads, transit and parking
12%$440 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$440 thousand
Parks, recreation and libraries
10%$364 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$364 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Sykesville. 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 Sykesville 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.