Town government · Newport County, RI

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

In the latest recorded fiscal year (ended June 30, 2024), Tiverton took in $71.9 million and spent $75.8 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 taxes59%State tax money20%Fines and other15%Fees for services (sewer, school lunches)4.6%Federal tax money1.8%County and local tax money0.1%

What stands out

15%

of Tiverton'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 taxes59%

Property tax
58%$42.0 million
Other taxes
0.6%$427 thousand
What's in other taxesOther licenses
  • Other licenses$427 thousand

Amounts are by Census tax category.

Fees for services4.6%

Fees for services
4.6%$3.3 million
What's in fees for servicesSewer; other service charges and 4 more
  • Sewer$1.3 million
  • Other service charges$1.3 million
  • School lunches$316 thousand
  • Other school charges$279 thousand
  • Parks and recreation$112 thousand
  • School tuition and transportation$23 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%$1.3 million

State tax money20%

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

From the state
20%$14.1 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$86 thousand

Fines and other15%

Interest, rents and other
15%$10.7 million
Fines
<0.1%$67 thousand

Where it goes

Schools and colleges53%Running the government and other costs26%Police, fire, courts and jails9.5%Water, sewer, trash and utilities5.9%Sent to other local governments1.7%All other spending4.3%

What stands out

53%

of Tiverton'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
53%$39.9 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$39.9 million
Running the government and other costs
26%$19.8 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$17.8 million
  • Central staff services (personnel, purchasing, technology)$1.2 million
  • Finance, tax collection and budgeting$622 thousand
  • Government buildings$119 thousand
Police, fire, courts and jails
9.5%$7.2 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$3.7 million
  • Fire protection$3.1 million
  • Courts and legal services$447 thousand
Water, sewer, trash and utilities
5.9%$4.4 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$3.2 million
  • Garbage and solid waste$1.3 million
Sent to other local governments
1.7%$1.3 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$1.3 million
  • Sent to the state government$6 thousand
Interest on debt
1.7%$1.3 million
Roads, transit and parking
1.5%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Parks, recreation and libraries
1.1%$799 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$629 thousand
  • Parks and recreation$170 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Tiverton. 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 Tiverton 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.