City government · Carroll County, MD

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

In the latest recorded fiscal year (ended June 30, 2024), Taneytown took in $11.6 million and spent $12.4 million.

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

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Where it comes from

City taxes40%Fees for services (sewer, water)27%Federal tax money20%State tax money6.7%Fines and other6.4%

What stands out

20%

of Taneytown's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes40%

Property tax
29%$3.3 million
Individual income tax
10%$1.2 million
Other taxes
1.2%$134 thousand
What's in other taxesPublic utility licenses; occupation and business licenses and 3 more
  • Public utility licenses$109 thousand
  • Occupation and business licenses$12 thousand
  • Amusement taxes$9 thousand
  • Alcoholic beverage licenses$3 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services27%

Fees for services
27%$3.1 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$2.0 million
  • Water$1.1 million
  • Parks and recreation$29 thousand
  • Other service charges$13 thousand
  • Parking$5 thousand

Amounts are by Census type of charge.

Federal tax money20%

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

From the federal government
20%$2.3 million

State tax money6.7%

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

From the state
6.7%$780 thousand

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$5 thousand

Fines and other6.4%

Interest, rents and other
6.3%$734 thousand
Fines
<0.1%$3 thousand

Where it goes

Water, sewer, trash and utilities33%Parks, recreation and libraries21%Roads, transit and parking16%Police, fire, courts and jails16%Running the government and other costs9.1%Interest on debt4.9%

What stands out

21%

of Taneytown's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
33%$4.1 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$2.5 million
  • Water supply$1.1 million
  • Garbage and solid waste$548 thousand
Parks, recreation and libraries
21%$2.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.6 million
Roads, transit and parking
16%$2.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.0 million
Police, fire, courts and jails
16%$2.0 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$1.9 million
  • Courts and legal services$61 thousand
Running the government and other costs
9.1%$1.1 million
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 2 more
  • Finance, tax collection and budgeting$391 thousand
  • Other and not broken out$307 thousand
  • Central staff services (personnel, purchasing, technology)$280 thousand
  • Government buildings$152 thousand
Interest on debt
4.9%$611 thousand
Sources and moreWhere these numbers come from and what they cover

City of Taneytown. 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 City of Taneytown 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.