Town government · Franklin County, VT

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

In the latest recorded fiscal year (ended December 31, 2021), Montgomery took in $760 thousand and spent $438 thousand.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Town taxes75%State tax money25%

What stands out

75%

of Montgomery's money comes from property tax.A typical U.S. township or town of under 10,000 people gets 52%.

Town taxes75%

Property tax
75%$567 thousand
Other taxes
0.1%$1 thousand
What's in other taxesAlcoholic beverage licenses
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

State tax money25%

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

From the state
25%$192 thousand

Where it goes

Roads, transit and parking62%Running the government and other costs18%Interest on debt7.5%Police, fire, courts and jails7.3%Parks, recreation and libraries5.7%

What stands out

7.5%

of Montgomery's spending goes to interest on debt.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
62%$270 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$270 thousand
Running the government and other costs
18%$78 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$29 thousand
  • Central staff services (personnel, purchasing, technology)$28 thousand
  • Government buildings$21 thousand
Interest on debt
7.5%$33 thousand
Police, fire, courts and jails
7.3%$32 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$30 thousand
  • Courts and legal services$2 thousand
Parks, recreation and libraries
5.7%$25 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$14 thousand
  • Libraries$11 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Montgomery. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Montgomery 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.