Town government · Berkshire County, MA

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

In the latest recorded fiscal year (ended June 30, 2022), Hancock took in $2.9 million and spent $2.8 million.

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

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Where it comes from

Town taxes49%State tax money32%Federal tax money13%County and local tax money4.3%Fees for services (school tuition and transportation)1.1%Fines and other0.9%

What stands out

13%

of Hancock's money comes from taxes other than property, sales and income taxes.Most U.S. townships and towns of under 10,000 people get none.

Town taxes49%

Property tax
36%$1.1 million
Other taxes
13%$389 thousand
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$371 thousand
  • Other licenses$18 thousand

Amounts are by Census tax category.

Fees for services1.1%

Fees for services
1.1%$32 thousand
What's in fees for servicesSchool tuition and transportation and other government-run businesses
  • School tuition and transportation$31 thousand
  • Other government-run businesses$1 thousand

Amounts are by Census type of charge.

Federal tax money13%

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

From the federal government
13%$373 thousand

State tax money32%

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

From the state
32%$939 thousand

County and local tax money4.3%

Money passed on by the county or other local governments.

From the county and other local governments
4.3%$126 thousand

Fines and other0.9%

Interest, rents and other
0.8%$23 thousand
Fines
<0.1%$2 thousand

Where it goes

Schools and colleges56%Sent to other local governments22%Running the government and other costs8.2%Roads, transit and parking7.4%Police, fire, courts and jails3.6%All other spending3.1%

What stands out

56%

of Hancock's spending goes to schools and colleges.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Schools and colleges
56%$1.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$1.6 million
Sent to other local governments
22%$615 thousand
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$615 thousand
Running the government and other costs
8.2%$230 thousand
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$117 thousand
  • Finance, tax collection and budgeting$81 thousand
  • Central staff services (personnel, purchasing, technology)$21 thousand
  • Government buildings$11 thousand
Roads, transit and parking
7.4%$207 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$207 thousand
Police, fire, courts and jails
3.6%$99 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 2 more
  • Fire protection$90 thousand
  • Courts and legal services$5 thousand
  • Police$2 thousand
  • Inspections and regulation$2 thousand
Water, sewer, trash and utilities
2.4%$66 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$66 thousand
Parks, recreation and libraries
0.5%$14 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$14 thousand
Health and hospitals
0.2%$6 thousand
What's in health and hospitalsPublic health
  • Public health$6 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hancock. 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 Hancock 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.