Town government · Collin County, TX

New Hope's money: where it comes from and where it goes

In the latest recorded fiscal year (ended September 30, 2021), New Hope took in $422 thousand and spent $329 thousand.

Latest recorded year: ended September 30, 2021Comes fromGoes to

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Where it comes from

Town taxes47%Fines and other46%Fees for services6.6%State tax money0.5%

What stands out

46%

of New Hope's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Town taxes47%

Property tax
41%$174 thousand
Sales tax
5.5%$23 thousand

Fees for services6.6%

Fees for services
6.6%$28 thousand
What's in fees for servicesOther service charges
  • Other service charges$28 thousand

Amounts are by Census type of charge.

State tax money0.5%

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

From the state
0.5%$2 thousand

Fines and other46%

Interest, rents and other
46%$195 thousand

Where it goes

Roads, transit and parking45%Running the government and other costs43%Police, fire, courts and jails7.6%Parks, recreation and libraries3.6%Sent to other local governments0.9%

What stands out

45%

of New Hope's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
45%$148 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$148 thousand
Running the government and other costs
43%$141 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$104 thousand
  • Government buildings$14 thousand
  • Central staff services (personnel, purchasing, technology)$13 thousand
  • Finance, tax collection and budgeting$10 thousand
Police, fire, courts and jails
7.6%$25 thousand
What's in police, fire, courts and jailsInspections and regulation and courts and legal services
  • Inspections and regulation$23 thousand
  • Courts and legal services$2 thousand
Parks, recreation and libraries
3.6%$12 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$12 thousand
Sent to other local governments
0.9%$3 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$3 thousand
Sources and moreWhere these numbers come from and what they cover

Town of New Hope. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of New Hope 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.