Township government · Bucks County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), Milford Township took in $6.1 million and spent $5.2 million.

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

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Where it comes from

Township taxes66%Fees for services (road charges)9.7%Fines and other9.6%State tax money9.3%Federal tax money3.1%County and local tax money2.5%

What stands out

47%

of Milford Township's money comes from a personal income tax.Most U.S. townships and towns of 10,000 to 50,000 people get none.

Township taxes66%

Individual income tax
47%$2.9 million
Other taxes
14%$830 thousand
What's in other taxesReal estate and stock transfer taxes; public utility licenses and 1 more
  • Real estate and stock transfer taxes$605 thousand
  • Public utility licenses$193 thousand
  • Occupation and business licenses$32 thousand

Amounts are by Census tax category.

Property tax
5.1%$309 thousand

Fees for services9.7%

Fees for services
9.7%$593 thousand
What's in fees for servicesOther service charges and road charges
  • Other service charges$584 thousand
  • Road charges$9 thousand

Amounts are by Census type of charge.

Federal tax money3.1%

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

From the federal government
3.1%$188 thousand

State tax money9.3%

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

From the state
9.3%$570 thousand

County and local tax money2.5%

Money passed on by the county or other local governments.

From the county and other local governments
2.5%$154 thousand

Fines and other9.6%

Interest, rents and other
9.5%$580 thousand
Fines
<0.1%$3 thousand

Where it goes

Roads, transit and parking53%Running the government and other costs33%Police, fire, courts and jails7.0%Interest on debt4.5%Parks, recreation and libraries2.7%

What stands out

53%

of Milford Township's spending goes to roads, transit and parking.A typical U.S. township or town of 10,000 to 50,000 people spends 9.2%.

Spending by category100%

Roads, transit and parking
53%$2.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.7 million
Running the government and other costs
33%$1.7 million
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)$770 thousand
  • Other and not broken out$501 thousand
  • Government buildings$332 thousand
  • Finance, tax collection and budgeting$131 thousand
Police, fire, courts and jails
7.0%$364 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$364 thousand
Interest on debt
4.5%$235 thousand
Parks, recreation and libraries
2.7%$139 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$139 thousand
Sources and moreWhere these numbers come from and what they cover

Milford 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 Milford 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.