Town government · Washington County, RI

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

In the latest recorded fiscal year (ended June 30, 2024), Richmond took in $31.2 million and spent $30.0 million.

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

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Where it comes from

Town taxes65%State tax money26%Fees for services (water)3.8%Fines and other2.6%Federal tax money1.8%

What stands out

3.8%

of Richmond's money comes from fees for services such as water, sewer and parking.Most U.S. townships and towns of under 10,000 people get none.

Town taxes65%

Property tax
65%$20.3 million
Other taxes
0.1%$34 thousand
What's in other taxesOther licenses
  • Other licenses$34 thousand

Amounts are by Census tax category.

Fees for services3.8%

Fees for services
3.8%$1.2 million
What's in fees for servicesOther service charges and water
  • Other service charges$994 thousand
  • Water$205 thousand

Amounts are by Census type of charge.

Federal tax money1.8%

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

From the federal government
1.8%$570 thousand

State tax money26%

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

From the state
26%$8.2 million

Fines and other2.6%

Interest, rents and other
2.5%$788 thousand
Fines
<0.1%$21 thousand

Where it goes

Schools and colleges72%Running the government and other costs12%Police, fire, courts and jails8.6%Roads, transit and parking3.6%Water, sewer, trash and utilities1.6%All other spending1.5%

What stands out

72%

of Richmond'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
72%$21.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$21.7 million
Running the government and other costs
12%$3.7 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 3 more
  • Other and not broken out$2.5 million
  • Central staff services (personnel, purchasing, technology)$718 thousand
  • Finance, tax collection and budgeting$408 thousand
  • Government buildings$44 thousand
  • Other government-run businesses$2 thousand
Police, fire, courts and jails
8.6%$2.6 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$2.4 million
  • Courts and legal services$209 thousand
Roads, transit and parking
3.6%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Water, sewer, trash and utilities
1.6%$487 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and water supply
  • Garbage and solid waste$327 thousand
  • Water supply$160 thousand
Social services
0.6%$181 thousand
What's in social servicesOther public welfare
  • Other public welfare$181 thousand
Health and hospitals
0.4%$132 thousand
What's in health and hospitalsPublic health
  • Public health$132 thousand
Interest on debt
0.3%$91 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$54 thousand
  • Interest on general debt$37 thousand
Parks, recreation and libraries
0.1%$38 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$38 thousand
Housing and community development
<0.1%$6 thousand
Environment and natural resources
<0.1%$6 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$6 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Richmond. 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 Richmond 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.