Town government · Providence County, RI

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

In the latest recorded fiscal year (ended June 30, 2024), Smithfield took in $103 million and spent $104 million.

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

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Where it comes from

Town taxes63%State tax money16%Fines and other11%Fees for services (sewer, water)7.7%Federal tax money2.1%County and local tax money0.7%

What stands out

11%

of Smithfield's money comes from interest, rents and other revenue.A typical U.S. township or town of 10,000 to 50,000 people gets 3.3%.

Town taxes63%

Property tax
58%$60.0 million
Other taxes
4.2%$4.3 million
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$2.9 million
  • Other selective sales taxes$1.4 million

Amounts are by Census tax category.

Fees for services7.7%

Fees for services
7.7%$7.9 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$3.6 million
  • Water$2.2 million
  • Parks and recreation$800 thousand
  • Other school charges$725 thousand
  • School lunches$564 thousand
  • School tuition and transportation$47 thousand

Amounts are by Census type of charge.

Federal tax money2.1%

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

From the federal government
2.1%$2.1 million

State tax money16%

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

From the state
16%$16.0 million

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$685 thousand

Fines and other11%

Interest, rents and other
11%$11.6 million

Where it goes

Schools and colleges50%Police, fire, courts and jails23%Running the government and other costs11%Water, sewer, trash and utilities6.1%Roads, transit and parking3.1%All other spending6.6%

What stands out

50%

of Smithfield'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
50%$52.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$52.2 million
Police, fire, courts and jails
23%$24.4 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$13.2 million
  • Police$10.8 million
  • Inspections and regulation$430 thousand
Running the government and other costs
11%$11.3 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$8.1 million
  • Central staff services (personnel, purchasing, technology)$2.1 million
  • Finance, tax collection and budgeting$1.0 million
  • Government buildings$114 thousand
Water, sewer, trash and utilities
6.1%$6.3 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$3.1 million
  • Garbage and solid waste$1.7 million
  • Water supply$1.5 million
Roads, transit and parking
3.1%$3.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.3 million
Parks, recreation and libraries
3.0%$3.1 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.6 million
  • Parks and recreation$1.5 million
Interest on debt
1.8%$1.9 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$1.9 million
  • Interest on water supply debt$4 thousand
Health and hospitals
1.0%$1.0 million
What's in health and hospitalsPublic health
  • Public health$1.0 million
Sent to other local governments
0.7%$685 thousand
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$664 thousand
  • Sent to the state government$21 thousand
Housing and community development
0.1%$140 thousand
Environment and natural resources
<0.1%$36 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$36 thousand
Social services
<0.1%$7 thousand
What's in social servicesOther public welfare
  • Other public welfare$7 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Smithfield. 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 Smithfield 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.