Borough government · Bradford County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), Towanda took in $2.6 million and spent $2.1 million.

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

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Where it comes from

Borough taxes53%State tax money20%Fines and other13%Fees for services (parks and recreation, garbage collection)7.1%Federal tax money5.7%County and local tax money0.8%

What stands out

12%

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

Borough taxes53%

Property tax
34%$863 thousand
Individual income tax
12%$304 thousand
Other taxes
7.3%$187 thousand
What's in other taxesOccupation and business licenses; real estate and stock transfer taxes and 1 more
  • Occupation and business licenses$110 thousand
  • Real estate and stock transfer taxes$46 thousand
  • Public utility licenses$31 thousand

Amounts are by Census tax category.

Fees for services7.1%

Fees for services
7.1%$182 thousand
What's in fees for servicesOther service charges; parks and recreation and 1 more
  • Other service charges$123 thousand
  • Parks and recreation$34 thousand
  • Garbage collection$25 thousand

Amounts are by Census type of charge.

Federal tax money5.7%

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

From the federal government
5.7%$147 thousand

State tax money20%

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

From the state
20%$521 thousand

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$21 thousand

Fines and other13%

Interest, rents and other
12%$307 thousand
Fines
1.6%$40 thousand

Where it goes

Police, fire, courts and jails38%Running the government and other costs28%Roads, transit and parking23%Parks, recreation and libraries7.0%Water, sewer, trash and utilities2.0%Interest on debt1.3%

What stands out

38%

of Towanda's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
38%$795 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$654 thousand
  • Fire protection$99 thousand
  • Inspections and regulation$27 thousand
  • Courts and legal services$15 thousand
Running the government and other costs
28%$583 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 2 more
  • Finance, tax collection and budgeting$248 thousand
  • Other and not broken out$150 thousand
  • Central staff services (personnel, purchasing, technology)$95 thousand
  • Government buildings$90 thousand
Roads, transit and parking
23%$480 thousand
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$461 thousand
  • Parking$19 thousand
Parks, recreation and libraries
7.0%$144 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$125 thousand
  • Libraries$19 thousand
Water, sewer, trash and utilities
2.0%$42 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$42 thousand
Interest on debt
1.3%$27 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Towanda. 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 Towanda 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.