Town government · Kent County, RI

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

In the latest recorded fiscal year (ended June 30, 2024), Coventry took in $139 million and spent $137 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Town taxes58%State tax money31%Fees for services (sewer, school lunches)5.2%Federal tax money3.8%Fines and other1.3%County and local tax money0.6%

What stands out

31%

of Coventry's money comes from state tax money.A typical U.S. township or town of 10,000 to 50,000 people gets 8.8%.

Town taxes58%

Property tax
57%$79.3 million
Other taxes
1.3%$1.8 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$1.1 million
  • Other licenses$671 thousand
  • Other taxes not classified elsewhere$8 thousand

Amounts are by Census tax category.

Fees for services5.2%

Fees for services
5.2%$7.3 million
What's in fees for servicesSewer; other service charges and 5 more
  • Sewer$2.9 million
  • Other service charges$2.1 million
  • Other school charges$1.0 million
  • School lunches$714 thousand
  • Parks and recreation$450 thousand
  • School tuition and transportation$79 thousand
  • Garbage collection$10 thousand

Amounts are by Census type of charge.

Federal tax money3.8%

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

From the federal government
3.8%$5.3 million

State tax money31%

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

From the state
31%$42.5 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$889 thousand

Fines and other1.3%

Interest, rents and other
1.3%$1.7 million

Where it goes

Schools and colleges69%Police, fire, courts and jails12%Running the government and other costs6.6%Roads, transit and parking3.6%Water, sewer, trash and utilities2.3%All other spending5.8%

What stands out

69%

of Coventry's spending goes to schools and colleges.Most U.S. townships and towns of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
69%$94.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$94.7 million
Police, fire, courts and jails
12%$16.9 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$15.0 million
  • Courts and legal services$989 thousand
  • Inspections and regulation$499 thousand
  • Fire protection$458 thousand
Running the government and other costs
6.6%$9.1 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)$4.2 million
  • Other and not broken out$2.1 million
  • Finance, tax collection and budgeting$2.1 million
  • Government buildings$609 thousand
Roads, transit and parking
3.6%$5.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$5.0 million
Water, sewer, trash and utilities
2.3%$3.1 million
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$1.9 million
  • Sewer systems$1.3 million
Parks, recreation and libraries
2.2%$3.0 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.7 million
  • Libraries$1.4 million
Sent to other local governments
1.5%$2.0 million
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$2.0 million
  • Sent to the state government$29 thousand
Interest on debt
1.1%$1.5 million
Health and hospitals
0.6%$881 thousand
What's in health and hospitalsPublic health
  • Public health$881 thousand
Social services
0.4%$499 thousand
What's in social servicesOther public welfare
  • Other public welfare$499 thousand
Housing and community development
<0.1%$10 thousand
Environment and natural resources
<0.1%$3 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$3 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Coventry. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Coventry 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.