Town government · Worcester County, MA

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

In the latest recorded fiscal year (ended June 30, 2022), Holden took in $84.2 million and spent $94.5 million.

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

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Where it comes from

Town taxes59%Fees for services (electric power, water)31%State tax money6.2%Federal tax money3.0%Fines and other0.4%County and local tax money0.4%

What stands out

31%

of Holden's money comes from fees for services such as water, sewer and parking.A typical U.S. township or town of 10,000 to 50,000 people gets 8.8%.

Town taxes59%

Property tax
59%$49.4 million
Other taxes
0.2%$156 thousand
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$132 thousand
  • Other selective sales taxes$24 thousand

Amounts are by Census tax category.

Fees for services31%

Fees for services
31%$26.3 million
What's in fees for servicesElectric power; water and 1 more
  • Electric power$15.4 million
  • Water$7.6 million
  • Other service charges$3.2 million

Amounts are by Census type of charge.

Federal tax money3.0%

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

From the federal government
3.0%$2.5 million

State tax money6.2%

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

From the state
6.2%$5.2 million

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$332 thousand

Fines and other0.4%

Interest, rents and other
0.4%$370 thousand
Fines
<0.1%$2 thousand

Where it goes

Sent to other local governments36%Water, sewer, trash and utilities26%Running the government and other costs25%Police, fire, courts and jails6.4%Roads, transit and parking4.3%All other spending3.0%

What stands out

36%

of Holden's spending goes to local governments.Most U.S. townships and towns of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Sent to other local governments
36%$34.1 million
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$33.9 million
  • Sent to the state government$143 thousand
Water, sewer, trash and utilities
26%$24.3 million
What's in water, sewer, trash and utilitiesElectric power and water supply
  • Electric power$17.0 million
  • Water supply$7.3 million
Running the government and other costs
25%$23.3 million
What's in running the government and other costsGovernment buildings; other and not broken out and 2 more
  • Government buildings$11.7 million
  • Other and not broken out$10.4 million
  • Finance, tax collection and budgeting$760 thousand
  • Central staff services (personnel, purchasing, technology)$500 thousand
Police, fire, courts and jails
6.4%$6.1 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$2.6 million
  • Fire protection$2.5 million
  • Inspections and regulation$775 thousand
  • Courts and legal services$268 thousand
Roads, transit and parking
4.3%$4.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.1 million
Interest on debt
1.8%$1.7 million
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$1.3 million
  • Interest on water supply debt$200 thousand
  • Interest on electric power debt$133 thousand
Parks, recreation and libraries
1.1%$1.0 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$931 thousand
  • Parks and recreation$97 thousand
Schools and colleges
<0.1%$58 thousand
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$58 thousand
Social services
<0.1%$36 thousand
What's in social servicesOther public welfare
  • Other public welfare$36 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Holden. 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 Holden 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.