Town government · Middlesex County, MA

North Reading's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), North Reading took in $92.6 million and spent $99.5 million.

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

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Where it comes from

Town taxes66%State tax money16%Fees for services (water, parks and recreation)12%Federal tax money4.3%Fines and other1.2%

What stands out

4.3%

of North Reading's money comes from federal tax money.Most U.S. townships and towns of 10,000 to 50,000 people get none.

Town taxes66%

Property tax
65%$60.4 million
Other taxes
1.2%$1.1 million
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$752 thousand
  • Other selective sales taxes$374 thousand

Amounts are by Census tax category.

Fees for services12%

Fees for services
12%$11.1 million
What's in fees for servicesWater; parks and recreation and 6 more
  • Water$4.4 million
  • Parks and recreation$2.6 million
  • Other service charges$1.7 million
  • Garbage collection$1.3 million
  • School tuition and transportation$691 thousand
  • Other school charges$286 thousand
  • School lunches$92 thousand
  • Other government-run businesses$30 thousand

Amounts are by Census type of charge.

Federal tax money4.3%

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

From the federal government
4.3%$4.0 million

State tax money16%

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

From the state
16%$14.9 million

Fines and other1.2%

Interest, rents and other
1.2%$1.1 million
Fines
<0.1%$6 thousand

Where it goes

Schools and colleges52%Running the government and other costs21%Police, fire, courts and jails8.2%Water, sewer, trash and utilities7.6%Roads, transit and parking3.7%All other spending7.6%

What stands out

52%

of North Reading'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
52%$51.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$51.5 million
Running the government and other costs
21%$20.9 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$18.9 million
  • Finance, tax collection and budgeting$1.3 million
  • Central staff services (personnel, purchasing, technology)$723 thousand
Police, fire, courts and jails
8.2%$8.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$4.1 million
  • Fire protection$3.7 million
  • Inspections and regulation$318 thousand
  • Courts and legal services$131 thousand
Water, sewer, trash and utilities
7.6%$7.6 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$6.3 million
  • Garbage and solid waste$1.3 million
Roads, transit and parking
3.7%$3.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.7 million
Interest on debt
3.0%$3.0 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.9 million
  • Interest on water supply debt$109 thousand
Parks, recreation and libraries
2.8%$2.8 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.2 million
  • Libraries$582 thousand
Sent to other local governments
1.0%$970 thousand
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$853 thousand
  • Sent to the state government$117 thousand
Health and hospitals
0.6%$627 thousand
What's in health and hospitalsPublic health
  • Public health$627 thousand
Social services
0.2%$208 thousand
What's in social servicesOther public welfare
  • Other public welfare$208 thousand
Environment and natural resources
<0.1%$37 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$37 thousand
Sources and moreWhere these numbers come from and what they cover

Town of North Reading. 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 North Reading 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.