Town government · Worcester County, MA

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

In the latest recorded fiscal year (ended June 30, 2022), Princeton took in $17.1 million and spent $16.4 million.

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

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Where it comes from

Town taxes61%Fees for services (electric power, parks, land and natural resources)25%State tax money9.9%Fines and other2.5%Federal tax money2.0%

What stands out

25%

of Princeton's money comes from fees for services such as water, sewer and parking.Most U.S. townships and towns of under 10,000 people get none.

Town taxes61%

Property tax
60%$10.3 million
Other taxes
0.2%$26 thousand
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$15 thousand
  • Other selective sales taxes$11 thousand

Amounts are by Census tax category.

Fees for services25%

Fees for services
25%$4.3 million
What's in fees for servicesElectric power; other service charges and 1 more
  • Electric power$4.1 million
  • Other service charges$203 thousand
  • Parks, land and natural resources$2 thousand

Amounts are by Census type of charge.

Federal tax money2.0%

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

From the federal government
2.0%$339 thousand

State tax money9.9%

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

From the state
9.9%$1.7 million

Fines and other2.5%

Interest, rents and other
2.4%$413 thousand
Fines
<0.1%$7 thousand

Where it goes

Sent to other local governments35%Water, sewer, trash and utilities27%Running the government and other costs15%Roads, transit and parking11%Police, fire, courts and jails8.1%All other spending4.2%

What stands out

35%

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

Spending by category100%

Sent to other local governments
35%$5.7 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$5.6 million
  • Sent to the state government$27 thousand
Water, sewer, trash and utilities
27%$4.4 million
What's in water, sewer, trash and utilitiesElectric power and water supply
  • Electric power$4.2 million
  • Water supply$208 thousand
Running the government and other costs
15%$2.4 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$1.3 million
  • Government buildings$588 thousand
  • Finance, tax collection and budgeting$362 thousand
  • Central staff services (personnel, purchasing, technology)$136 thousand
Roads, transit and parking
11%$1.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.9 million
Police, fire, courts and jails
8.1%$1.3 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$878 thousand
  • Fire protection$386 thousand
  • Courts and legal services$36 thousand
  • Inspections and regulation$32 thousand
Parks, recreation and libraries
1.8%$294 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$271 thousand
  • Parks and recreation$23 thousand
Health and hospitals
1.4%$237 thousand
What's in health and hospitalsPublic health
  • Public health$237 thousand
Interest on debt
0.5%$74 thousand
Schools and colleges
0.2%$40 thousand
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$40 thousand
Social services
0.2%$36 thousand
What's in social servicesOther public welfare
  • Other public welfare$36 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 Princeton. 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 Princeton 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.