Town government · Washington County, RI

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

In the latest recorded fiscal year (ended June 30, 2024), Hopkinton took in $31.9 million and spent $30.3 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Town taxes63%State tax money28%Fines and other5.9%Fees for services (water)3.6%Federal tax money0.2%

What stands out

5.9%

of Hopkinton's money comes from interest, rents and other revenue.A typical U.S. township or town of under 10,000 people gets 1%.

Town taxes63%

Property tax
63%$20.1 million

Fees for services3.6%

Fees for services
3.6%$1.2 million
What's in fees for servicesOther service charges and water
  • Other service charges$1.1 million
  • Water$34 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$52 thousand

State tax money28%

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

From the state
28%$8.8 million

Fines and other5.9%

Interest, rents and other
5.9%$1.9 million

Where it goes

Schools and colleges71%Police, fire, courts and jails11%Running the government and other costs11%Roads, transit and parking4.6%Parks, recreation and libraries1.1%All other spending1.7%

What stands out

71%

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

Spending by category100%

Schools and colleges
71%$21.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$21.5 million
Police, fire, courts and jails
11%$3.3 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$3.2 million
  • Courts and legal services$24 thousand
Running the government and other costs
11%$3.3 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$2.3 million
  • Other and not broken out$814 thousand
  • Finance, tax collection and budgeting$150 thousand
Roads, transit and parking
4.6%$1.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.4 million
Parks, recreation and libraries
1.1%$318 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$318 thousand
Social services
0.5%$152 thousand
What's in social servicesOther public welfare
  • Other public welfare$152 thousand
Interest on debt
0.4%$112 thousand
Health and hospitals
0.3%$103 thousand
What's in health and hospitalsPublic health
  • Public health$103 thousand
Water, sewer, trash and utilities
0.3%$95 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and water supply
  • Garbage and solid waste$70 thousand
  • Water supply$25 thousand
Environment and natural resources
0.2%$52 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$52 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hopkinton. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of Town of Hopkinton 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.