City government · Middlesex County, MA

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

In the latest recorded fiscal year (ended June 30, 2024), Malden took in $298 million and spent $327 million.

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

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Where it comes from

City taxes41%State tax money31%Fees for services (water, school tuition and transportation)16%Federal tax money8.9%Fines and other3.2%

What stands out

31%

of Malden's money comes from state tax money.A typical U.S. city of 50,000+ people gets 6.4%.

City taxes41%

Property tax
39%$117 million
Other taxes
1.7%$5.2 million
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$3.5 million
  • Other selective sales taxes$1.7 million

Amounts are by Census tax category.

Fees for services16%

Fees for services
16%$47.6 million
What's in fees for servicesWater; other service charges and 5 more
  • Water$33.7 million
  • Other service charges$8.8 million
  • School tuition and transportation$1.5 million
  • Parking$1.5 million
  • Garbage collection$1.4 million
  • School lunches$487 thousand
  • Other school charges$197 thousand

Amounts are by Census type of charge.

Federal tax money8.9%

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

From the federal government
8.9%$26.6 million

State tax money31%

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

From the state
31%$92.3 million

Fines and other3.2%

Interest, rents and other
2.7%$8.2 million
Fines
0.5%$1.4 million

Where it goes

Schools and colleges46%Police, fire, courts and jails15%Running the government and other costs14%Water, sewer, trash and utilities13%Roads, transit and parking4.7%All other spending6.6%

What stands out

46%

of Malden's spending goes to schools and colleges.Most U.S. cities of 50,000+ people spend nothing on this.

Spending by category100%

Schools and colleges
46%$150 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$150 million
Police, fire, courts and jails
15%$49.3 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$23.0 million
  • Fire protection$22.4 million
  • Inspections and regulation$2.4 million
  • Courts and legal services$1.5 million
Running the government and other costs
14%$47.3 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$33.1 million
  • Finance, tax collection and budgeting$6.2 million
  • Government buildings$5.7 million
  • Central staff services (personnel, purchasing, technology)$2.2 million
Water, sewer, trash and utilities
13%$43.4 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$37.4 million
  • Garbage and solid waste$6.0 million
Roads, transit and parking
4.7%$15.5 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$12.1 million
  • Parking$3.4 million
Sent to other local governments
2.5%$8.3 million
What's in sent to other local governmentsSent to the state government and sent to local governments: other and not broken out
  • Sent to the state government$4.9 million
  • Sent to local governments: other and not broken out$3.4 million
Housing and community development
1.7%$5.6 million
Parks, recreation and libraries
1.2%$3.8 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$2.0 million
  • Parks and recreation$1.8 million
Interest on debt
0.7%$2.1 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$1.7 million
  • Interest on water supply debt$413 thousand
Health and hospitals
0.4%$1.3 million
What's in health and hospitalsPublic health
  • Public health$1.3 million
Social services
0.1%$391 thousand
What's in social servicesOther public welfare
  • Other public welfare$391 thousand
Environment and natural resources
<0.1%$19 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$19 thousand
Sources and moreWhere these numbers come from and what they cover

City of Malden. 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 Malden 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.