Town government · Madison County, NY

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

In the latest recorded fiscal year (ended December 31, 2021), Smithfield took in $807 thousand and spent $570 thousand.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Town taxes55%County and local tax money25%State tax money18%Fines and other1.1%Fees for services0.2%

What stands out

25%

of Smithfield's money comes from county and other local tax money.Most U.S. townships and towns of under 10,000 people get none.

Town taxes55%

Property tax
51%$415 thousand
Other taxes
3.5%$28 thousand
What's in other taxesOther licenses
  • Other licenses$28 thousand

Amounts are by Census tax category.

Fees for services0.2%

Fees for services
0.2%$2 thousand
What's in fees for servicesOther service charges
  • Other service charges$2 thousand

Amounts are by Census type of charge.

State tax money18%

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

From the state
18%$149 thousand

County and local tax money25%

Money passed on by the county or other local governments.

From the county and other local governments
25%$204 thousand

Fines and other1.1%

Interest, rents and other
1.0%$8 thousand
Fines
0.1%$1 thousand

Where it goes

Roads, transit and parking60%Running the government and other costs35%Health and hospitals2.6%Police, fire, courts and jails1.9%

What stands out

35%

of Smithfield'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%

Roads, transit and parking
60%$343 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$343 thousand
Running the government and other costs
35%$201 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 3 more
  • Other and not broken out$125 thousand
  • Central staff services (personnel, purchasing, technology)$37 thousand
  • Finance, tax collection and budgeting$28 thousand
  • Government buildings$8 thousand
  • Other government-run businesses$3 thousand
Health and hospitals
2.6%$15 thousand
What's in health and hospitalsPublic health
  • Public health$15 thousand
Police, fire, courts and jails
1.9%$11 thousand
What's in police, fire, courts and jailsCourts and legal services and inspections and regulation
  • Courts and legal services$10 thousand
  • Inspections and regulation$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Smithfield. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Smithfield 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.