Town government · Nantucket County, MA
Nantucket's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Nantucket took in $263 million and spent $317 million.
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Where it comes from
What stands out
of Nantucket'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 taxes62%
What's in other taxesReal estate and stock transfer taxes; other selective sales taxes and 1 more
- Real estate and stock transfer taxes$23.7 million
- Other selective sales taxes$15.4 million
- Other licenses$1.8 million
Amounts are by Census tax category.
Fees for services29%
What's in fees for servicesOther service charges; airport and 8 more
- Other service charges$26.0 million
- Airport$18.6 million
- Sewer$11.0 million
- Water$9.0 million
- Parks and recreation$7.6 million
- Garbage collection$4.5 million
- Ports and waterways$346 thousand
- Other school charges$279 thousand
- School lunches$73 thousand
- School tuition and transportation$30 thousand
Amounts are by Census type of charge.
Federal tax money0.4%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money3.5%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other4.7%
Where it goes
What stands out
of Nantucket'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%
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
- Other and not broken out$102 million
- Central staff services (personnel, purchasing, technology)$9.7 million
- Finance, tax collection and budgeting$6.5 million
- Government buildings$3.1 million
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$58.9 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
- Sewer systems$27.6 million
- Garbage and solid waste$16.8 million
- Water supply$6.5 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
- Police$14.9 million
- Fire protection$8.8 million
- Inspections and regulation$6.9 million
- Courts and legal services$1.3 million
What's in roads, transit and parkingAirports; roads and highways and 1 more
- Airports$10.4 million
- Roads and highways$9.8 million
- Ports and harbors$175 thousand
What's in parks, recreation and librariesParks and recreation and libraries
- Parks and recreation$10.0 million
- Libraries$981 thousand
What's in social servicesWelfare institutions and other public welfare
- Welfare institutions$9.5 million
- Other public welfare$46 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
- Interest on general debt$8.8 million
- Interest on water supply debt$441 thousand
What's in health and hospitalsPublic health
- Public health$2.0 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$1.4 million
- Sent to local governments: other and not broken out$63 thousand
Sources and moreWhere these numbers come from and what they cover
Town of Nantucket. 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 Town of Nantucket 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.