County government · Talbot County, MD

Talbot County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Talbot County took in $205 million and spent $246 million.

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

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Where it comes from

County taxes64%State tax money17%Fees for services (airport, sewer)8.9%Fines and other6.2%Federal tax money3.3%Local tax money1.2%

What stands out

26%

of Talbot County's money comes from a personal income tax.Most U.S. counties of under 50,000 people get none.

County taxes64%

Property tax
29%$58.7 million
Individual income tax
26%$53.0 million
Other taxes
9.1%$18.7 million
What's in other taxesReal estate and stock transfer taxes; estate and gift taxes and 5 more
  • Real estate and stock transfer taxes$8.8 million
  • Estate and gift taxes$5.7 million
  • Other selective sales taxes$2.1 million
  • Other licenses$1.7 million
  • Alcoholic beverage licenses$198 thousand
  • Occupation and business licenses$105 thousand
  • Amusement taxes$42 thousand

Amounts are by Census tax category.

Fees for services8.9%

Fees for services
8.9%$18.2 million
What's in fees for servicesAirport; sewer and 5 more
  • Airport$4.9 million
  • Sewer$4.4 million
  • Other service charges$4.1 million
  • Parks and recreation$3.6 million
  • School lunches$628 thousand
  • Other school charges$527 thousand
  • School tuition and transportation$78 thousand

Amounts are by Census type of charge.

Federal tax money3.3%

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

From the federal government
3.3%$6.7 million

State tax money17%

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

From the state
17%$34.5 million

Local tax money1.2%

Money passed on by the county or other local governments.

From other local governments
1.2%$2.5 million

Fines and other6.2%

Interest, rents and other
6.1%$12.5 million
Fines
<0.1%$181 thousand

Where it goes

Schools and colleges35%Sent to other local governments24%Police, fire, courts and jails13%Running the government and other costs11%Roads, transit and parking6.0%All other spending11%

What stands out

35%

of Talbot County's spending goes to schools and colleges.Most U.S. counties of under 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
35%$85.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$85.8 million
Sent to other local governments
24%$59.6 million
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$59.6 million
Police, fire, courts and jails
13%$31.2 million
What's in police, fire, courts and jailsFire protection; police and 3 more
  • Fire protection$10.2 million
  • Police$9.8 million
  • Prisons and jails$5.5 million
  • Courts and legal services$5.1 million
  • Inspections and regulation$655 thousand
Running the government and other costs
11%$27.3 million
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$20.7 million
  • Finance, tax collection and budgeting$2.6 million
  • Central staff services (personnel, purchasing, technology)$2.5 million
  • Government buildings$1.4 million
Roads, transit and parking
6.0%$14.9 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$8.2 million
  • Airports$6.7 million
Health and hospitals
4.1%$10.0 million
What's in health and hospitalsPublic health
  • Public health$10.0 million
Water, sewer, trash and utilities
2.6%$6.5 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$5.6 million
  • Garbage and solid waste$882 thousand
Parks, recreation and libraries
2.2%$5.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5.4 million
Interest on debt
2.1%$5.1 million
Environment and natural resources
0.3%$655 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$655 thousand
Sources and moreWhere these numbers come from and what they cover

Talbot County. 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 Talbot County 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.