Town government · Berkshire County, MA

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

In the latest recorded fiscal year (ended June 30, 2024), Richmond took in $10.8 million and spent $9.8 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Town taxes65%State tax money18%Fines and other7.1%Fees for services (sewer, school lunches)4.1%County and local tax money3.2%Federal tax money2.6%

What stands out

7%

of Richmond's money comes from interest, rents and other revenue.A typical U.S. township or town of under 10,000 people gets 1%.

Town taxes65%

Property tax
64%$6.9 million
Other taxes
0.9%$99 thousand
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$62 thousand
  • Other selective sales taxes$37 thousand

Amounts are by Census tax category.

Fees for services4.1%

Fees for services
4.1%$439 thousand
What's in fees for servicesSewer; other service charges and 2 more
  • Sewer$365 thousand
  • Other service charges$70 thousand
  • School lunches$3 thousand
  • Other government-run businesses$1 thousand

Amounts are by Census type of charge.

Federal tax money2.6%

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

From the federal government
2.6%$278 thousand

State tax money18%

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

From the state
18%$2.0 million

County and local tax money3.2%

Money passed on by the county or other local governments.

From the county and other local governments
3.2%$349 thousand

Fines and other7.1%

Interest, rents and other
7.0%$763 thousand
Fines
<0.1%$9 thousand

Where it goes

Schools and colleges50%Running the government and other costs19%Roads, transit and parking16%Sent to other local governments5.6%Water, sewer, trash and utilities3.1%All other spending6.0%

What stands out

50%

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

Spending by category100%

Schools and colleges
50%$5.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$5.0 million
Running the government and other costs
19%$1.8 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$818 thousand
  • Government buildings$501 thousand
  • Finance, tax collection and budgeting$287 thousand
  • Central staff services (personnel, purchasing, technology)$234 thousand
Roads, transit and parking
16%$1.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.6 million
Sent to other local governments
5.6%$551 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$550 thousand
  • Sent to the state government$1 thousand
Water, sewer, trash and utilities
3.1%$300 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$265 thousand
  • Sewer systems$35 thousand
Police, fire, courts and jails
2.7%$270 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 2 more
  • Fire protection$163 thousand
  • Courts and legal services$66 thousand
  • Inspections and regulation$36 thousand
  • Police$5 thousand
Parks, recreation and libraries
1.1%$106 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$98 thousand
  • Parks and recreation$8 thousand
Interest on debt
1.0%$94 thousand
Health and hospitals
0.9%$84 thousand
What's in health and hospitalsPublic health
  • Public health$84 thousand
Environment and natural resources
0.3%$27 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$27 thousand
Social services
0.1%$12 thousand
What's in social servicesOther public welfare
  • Other public welfare$12 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Richmond. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of Town of Richmond 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.