Town government · Addison County, VT

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

In the latest recorded fiscal year (ended June 30, 2022), Hancock took in $365 thousand and spent $214 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Town taxes63%Federal tax money30%State tax money5.8%Fines and other1.1%

What stands out

30%

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

Town taxes63%

Property tax
63%$230 thousand

Federal tax money30%

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

From the federal government
30%$110 thousand

State tax money5.8%

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

From the state
5.8%$21 thousand

Fines and other1.1%

Interest, rents and other
1.1%$4 thousand

Where it goes

Running the government and other costs32%Roads, transit and parking27%Police, fire, courts and jails13%Health and hospitals11%Parks, recreation and libraries10%All other spending6.5%

What stands out

11%

of Hancock's spending goes to health services and hospitals.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
32%$69 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
  • Central staff services (personnel, purchasing, technology)$25 thousand
  • Finance, tax collection and budgeting$23 thousand
  • Other and not broken out$13 thousand
  • Government buildings$8 thousand
Roads, transit and parking
27%$58 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$58 thousand
Police, fire, courts and jails
13%$28 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 1 more
  • Fire protection$12 thousand
  • Courts and legal services$8 thousand
  • Police$8 thousand
Health and hospitals
11%$23 thousand
What's in health and hospitalsPublic health
  • Public health$23 thousand
Parks, recreation and libraries
10%$22 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$18 thousand
  • Parks and recreation$4 thousand
Water, sewer, trash and utilities
3.3%$7 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$7 thousand
Interest on debt
3.3%$7 thousand
Sources and moreWhere these numbers come from and what they cover

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

What this covers. The money of Town of Hancock 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.