Borough government · Somerset County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), Hooversville took in $909 thousand and spent $906 thousand.

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

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Where it comes from

Fees for services (electric power, water)79%Borough taxes11%State tax money5.4%Federal tax money3.4%Fines and other1.3%

What stands out

79%

of Hooversville's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Borough taxes11%

Individual income tax
5.7%$52 thousand
Property tax
3.0%$27 thousand
Other taxes
1.9%$17 thousand
What's in other taxesPublic utility licenses and real estate and stock transfer taxes
  • Public utility licenses$11 thousand
  • Real estate and stock transfer taxes$6 thousand

Amounts are by Census tax category.

Fees for services79%

Fees for services
79%$721 thousand
What's in fees for servicesElectric power and water
  • Electric power$529 thousand
  • Water$192 thousand

Amounts are by Census type of charge.

Federal tax money3.4%

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

From the federal government
3.4%$31 thousand

State tax money5.4%

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

From the state
5.4%$49 thousand

Fines and other1.3%

Interest, rents and other
1.0%$9 thousand
Fines
0.3%$3 thousand

Where it goes

Water, sewer, trash and utilities48%Running the government and other costs18%Roads, transit and parking17%Police, fire, courts and jails9.6%Parks, recreation and libraries6.4%Interest on debt0.6%

What stands out

48%

of Hooversville's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
48%$437 thousand
What's in water, sewer, trash and utilitiesElectric power; water supply and 1 more
  • Electric power$276 thousand
  • Water supply$160 thousand
  • Garbage and solid waste$1 thousand
Running the government and other costs
18%$163 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$83 thousand
  • Central staff services (personnel, purchasing, technology)$41 thousand
  • Government buildings$22 thousand
  • Finance, tax collection and budgeting$17 thousand
Roads, transit and parking
17%$156 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$156 thousand
Police, fire, courts and jails
9.6%$87 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$84 thousand
  • Fire protection$3 thousand
Parks, recreation and libraries
6.4%$58 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$58 thousand
Interest on debt
0.6%$5 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Hooversville. 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 Borough of Hooversville 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.