Town government · Middlesex County, MA

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

In the latest recorded fiscal year (ended June 30, 2022), Hopkinton took in $116 million and spent $122 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 (sewer, water)6.1%Federal tax money4.2%Fines and other1.4%

What stands out

77%

of Hopkinton's money comes from property tax.A typical U.S. township or town of 10,000 to 50,000 people gets 53%.

Town taxes77%

Property tax
77%$89.4 million
Other taxes
0.3%$290 thousand
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$191 thousand
  • Other licenses$99 thousand

Amounts are by Census tax category.

Fees for services6.1%

Fees for services
6.1%$7.1 million
What's in fees for servicesSewer; water and 5 more
  • Sewer$3.0 million
  • Water$2.5 million
  • Other service charges$675 thousand
  • School tuition and transportation$441 thousand
  • Other school charges$340 thousand
  • School lunches$145 thousand
  • Other government-run businesses$2 thousand

Amounts are by Census type of charge.

Federal tax money4.2%

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

From the federal government
4.2%$4.9 million

State tax money11%

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

From the state
11%$12.6 million

Fines and other1.4%

Interest, rents and other
1.4%$1.6 million
Fines
<0.1%$66 thousand

Where it goes

Schools and colleges63%Running the government and other costs17%Police, fire, courts and jails5.9%Roads, transit and parking5.6%Water, sewer, trash and utilities3.8%All other spending4.3%

What stands out

63%

of Hopkinton's spending goes to schools and colleges.Most U.S. townships and towns of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
63%$76.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$76.8 million
Running the government and other costs
17%$20.9 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$18.5 million
  • Finance, tax collection and budgeting$1.3 million
  • Central staff services (personnel, purchasing, technology)$1.1 million
  • Government buildings$83 thousand
Police, fire, courts and jails
5.9%$7.2 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$3.5 million
  • Police$2.6 million
  • Inspections and regulation$775 thousand
  • Courts and legal services$333 thousand
Roads, transit and parking
5.6%$6.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$6.8 million
Water, sewer, trash and utilities
3.8%$4.6 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$2.5 million
  • Garbage and solid waste$1.1 million
  • Sewer systems$1.0 million
Interest on debt
2.2%$2.6 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.4 million
  • Interest on water supply debt$199 thousand
Sent to other local governments
0.9%$1.1 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$921 thousand
  • Sent to the state government$138 thousand
Parks, recreation and libraries
0.7%$821 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$586 thousand
  • Parks and recreation$235 thousand
Health and hospitals
0.5%$650 thousand
What's in health and hospitalsPublic health
  • Public health$650 thousand
Social services
<0.1%$83 thousand
What's in social servicesOther public welfare
  • Other public welfare$83 thousand
Environment and natural resources
<0.1%$1 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hopkinton. 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 Hopkinton 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.