Township government · Carbon County, PA

Banks Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Banks Township took in $409 thousand and spent $243 thousand.

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

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Where it comes from

Township taxes53%Fees for services (garbage collection)20%Federal tax money16%State tax money10%Fines and other1.2%

What stands out

28%

of Banks Township's money comes from a personal income tax.Most U.S. townships and towns of under 10,000 people get none.

Township taxes53%

Individual income tax
28%$115 thousand
Other taxes
16%$66 thousand
What's in other taxesOccupation and business licenses; real estate and stock transfer taxes and 1 more
  • Occupation and business licenses$41 thousand
  • Real estate and stock transfer taxes$21 thousand
  • Public utility licenses$4 thousand

Amounts are by Census tax category.

Property tax
9.0%$37 thousand

Fees for services20%

Fees for services
20%$80 thousand
What's in fees for servicesGarbage collection
  • Garbage collection$80 thousand

Amounts are by Census type of charge.

Federal tax money16%

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

From the federal government
16%$64 thousand

State tax money10%

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

From the state
10%$42 thousand

Fines and other1.2%

Interest, rents and other
1.0%$4 thousand
Fines
0.2%$1 thousand

Where it goes

Running the government and other costs33%Roads, transit and parking29%Water, sewer, trash and utilities28%Police, fire, courts and jails9.1%Parks, recreation and libraries1.2%

What stands out

28%

of Banks Township's spending goes to water, sewer, trash and other utilities.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
33%$80 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$39 thousand
  • Central staff services (personnel, purchasing, technology)$19 thousand
  • Finance, tax collection and budgeting$11 thousand
  • Government buildings$11 thousand
Roads, transit and parking
29%$70 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$70 thousand
Water, sewer, trash and utilities
28%$68 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$68 thousand
Police, fire, courts and jails
9.1%$22 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 1 more
  • Fire protection$14 thousand
  • Courts and legal services$6 thousand
  • Inspections and regulation$2 thousand
Parks, recreation and libraries
1.2%$3 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3 thousand
Sources and moreWhere these numbers come from and what they cover

Banks Township. 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 Banks 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.