Township government · Indiana 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 $294 thousand and spent $229 thousand.
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Where it comes from
What stands out
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 taxes37%
What's in other taxesReal estate and stock transfer taxes and occupation and business licenses
- Real estate and stock transfer taxes$9 thousand
- Occupation and business licenses$7 thousand
Amounts are by Census tax category.
Federal tax money17%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money36%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other11%
Where it goes
What stands out
of Banks Township's spending goes to roads, transit and parking.A typical U.S. township or town of under 10,000 people spends 53%.
Spending by category100%
What's in roads, transit and parkingRoads and highways
- Roads and highways$161 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
- Central staff services (personnel, purchasing, technology)$20 thousand
- Other and not broken out$18 thousand
- Government buildings$6 thousand
- Finance, tax collection and budgeting$3 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
- Fire protection$19 thousand
- Courts and legal services$1 thousand
What's in water, sewer, trash and utilitiesSewer systems
- Sewer systems$1 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.