Township government · Houghton County, MI
Hancock Township's money: where it comes from and where it goes
In the latest recorded fiscal year (ended March 31, 2022), Hancock Township took in $159 thousand and spent $79 thousand.
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Where it comes from
What stands out
of Hancock Township's money comes from federal tax money.Most U.S. townships and towns of under 10,000 people get none.
Township taxes52%
Federal tax money14%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money30%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other4.4%
Where it goes
What stands out
of Hancock Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.
Spending by category100%
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
- Central staff services (personnel, purchasing, technology)$30 thousand
- Finance, tax collection and budgeting$23 thousand
- Government buildings$7 thousand
- Other and not broken out$6 thousand
What's in police, fire, courts and jailsFire protection
- Fire protection$13 thousand
Sources and moreWhere these numbers come from and what they cover
Hancock Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of Hancock Township 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.