Town government · Schoharie County, NY

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

In the latest recorded fiscal year (ended December 31, 2021), Summit took in $1.2 million and spent $1.1 million.

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

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Where it comes from

Town taxes57%State tax money19%Federal tax money10%County and local tax money10%Fines and other3.4%Fees for services (garbage collection)0.3%

What stands out

10%

of Summit's money comes from federal tax money.Most U.S. townships and towns of under 10,000 people get none.

Town taxes57%

Property tax
52%$621 thousand
Other taxes
4.4%$52 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$36 thousand
  • Public utility taxes$16 thousand

Amounts are by Census tax category.

Fees for services0.3%

Fees for services
0.3%$3 thousand
What's in fees for servicesGarbage collection and other service charges
  • Garbage collection$2 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

Federal tax money10%

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

From the federal government
10%$124 thousand

State tax money19%

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

From the state
19%$229 thousand

County and local tax money10%

Money passed on by the county or other local governments.

From the county and other local governments
10%$122 thousand

Fines and other3.4%

Interest, rents and other
3.1%$37 thousand
Fines
0.3%$3 thousand

Where it goes

Roads, transit and parking56%Running the government and other costs40%Police, fire, courts and jails2.7%Health and hospitals0.4%Parks, recreation and libraries0.3%Water, sewer, trash and utilities0.2%

What stands out

40%

of Summit'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
56%$608 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$608 thousand
Running the government and other costs
40%$433 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$356 thousand
  • Finance, tax collection and budgeting$35 thousand
  • Central staff services (personnel, purchasing, technology)$25 thousand
  • Government buildings$17 thousand
Police, fire, courts and jails
2.7%$29 thousand
What's in police, fire, courts and jailsCourts and legal services and inspections and regulation
  • Courts and legal services$15 thousand
  • Inspections and regulation$14 thousand
Health and hospitals
0.4%$4 thousand
What's in health and hospitalsPublic health
  • Public health$4 thousand
Parks, recreation and libraries
0.3%$3 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3 thousand
Water, sewer, trash and utilities
0.2%$2 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Summit. 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 Summit 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.