Town government · Franklin County, VT

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

In the latest recorded fiscal year (ended December 31, 2021), Franklin took in $1.0 million and spent $955 thousand.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Town taxes56%Federal tax money21%State tax money20%Fines and other2.6%

What stands out

21%

of Franklin's money comes from federal tax money.Most U.S. townships and towns of under 10,000 people get none.

Town taxes56%

Property tax
56%$574 thousand
Other taxes
0.6%$6 thousand
What's in other taxesOther licenses
  • Other licenses$6 thousand

Amounts are by Census tax category.

Federal tax money21%

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

From the federal government
21%$221 thousand

State tax money20%

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

From the state
20%$206 thousand

Fines and other2.6%

Interest, rents and other
2.6%$27 thousand

Where it goes

Roads, transit and parking52%Running the government and other costs47%Interest on debt0.5%

What stands out

47%

of Franklin's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Roads, transit and parking
52%$501 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$501 thousand
Running the government and other costs
47%$449 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$370 thousand
  • Finance, tax collection and budgeting$73 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
Interest on debt
0.5%$5 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Franklin. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Franklin 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.