Township government · McKean County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), Liberty Township took in $863 thousand and spent $1.1 million.

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

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Where it comes from

Township taxes40%State tax money27%County and local tax money15%Federal tax money9.2%Fines and other7.5%Fees for services (road charges, garbage collection)1.2%

What stands out

15%

of Liberty Township's money comes from county and other local tax money.Most U.S. townships and towns of under 10,000 people get none.

Township taxes40%

Property tax
22%$190 thousand
Individual income tax
14%$123 thousand
Other taxes
3.6%$31 thousand
What's in other taxesReal estate and stock transfer taxes; occupation and business licenses and 1 more
  • Real estate and stock transfer taxes$16 thousand
  • Occupation and business licenses$10 thousand
  • Public utility licenses$5 thousand

Amounts are by Census tax category.

Fees for services1.2%

Fees for services
1.2%$10 thousand
What's in fees for servicesRoad charges; other service charges and 1 more
  • Road charges$5 thousand
  • Other service charges$3 thousand
  • Garbage collection$2 thousand

Amounts are by Census type of charge.

Federal tax money9.2%

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

From the federal government
9.2%$79 thousand

State tax money27%

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

From the state
27%$234 thousand

County and local tax money15%

Money passed on by the county or other local governments.

From the county and other local governments
15%$131 thousand

Fines and other7.5%

Interest, rents and other
7.1%$61 thousand
Fines
0.5%$4 thousand

Where it goes

Roads, transit and parking82%Running the government and other costs9.1%Police, fire, courts and jails5.7%Health and hospitals2.2%Parks, recreation and libraries0.4%Interest on debt0.3%

What stands out

82%

of Liberty 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%

Roads, transit and parking
82%$881 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$881 thousand
Running the government and other costs
9.1%$97 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$46 thousand
  • Finance, tax collection and budgeting$26 thousand
  • Central staff services (personnel, purchasing, technology)$25 thousand
Police, fire, courts and jails
5.7%$61 thousand
What's in police, fire, courts and jailsFire protection and inspections and regulation
  • Fire protection$58 thousand
  • Inspections and regulation$3 thousand
Health and hospitals
2.2%$24 thousand
What's in health and hospitalsPublic health
  • Public health$24 thousand
Parks, recreation and libraries
0.4%$4 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$3 thousand
  • Libraries$1 thousand
Interest on debt
0.3%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Liberty 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 Liberty 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.