Borough government · Bedford County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), Hopewell took in $110 thousand and spent $96 thousand.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Borough taxes44%Fees for services (sewer)21%Federal tax money14%State tax money11%Fines and other11%

What stands out

15%

of Hopewell's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Borough taxes44%

Property tax
20%$22 thousand
Individual income tax
15%$17 thousand
Other taxes
8.2%$9 thousand
What's in other taxesOccupation and business licenses; public utility licenses and 1 more
  • Occupation and business licenses$5 thousand
  • Public utility licenses$3 thousand
  • Real estate and stock transfer taxes$1 thousand

Amounts are by Census tax category.

Fees for services21%

Fees for services
21%$23 thousand
What's in fees for servicesSewer
  • Sewer$23 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$15 thousand

State tax money11%

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

From the state
11%$12 thousand

Fines and other11%

Interest, rents and other
7.3%$8 thousand
Fines
3.6%$4 thousand

Where it goes

Running the government and other costs38%Roads, transit and parking36%Police, fire, courts and jails19%Water, sewer, trash and utilities6.3%Interest on debt1.0%

What stands out

36%

of Hopewell's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Running the government and other costs
38%$36 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$25 thousand
  • Other and not broken out$11 thousand
Roads, transit and parking
36%$35 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$35 thousand
Police, fire, courts and jails
19%$18 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$12 thousand
  • Fire protection$5 thousand
  • Inspections and regulation$1 thousand
Water, sewer, trash and utilities
6.3%$6 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$6 thousand
Interest on debt
1.0%$1 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Hopewell. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Hopewell 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.