Town government · Accomack County, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Chincoteague took in $9.6 million and spent $10.7 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 taxes46%Fees for services (water, ports and waterways)24%State tax money19%Fines and other12%Federal tax money0.3%

What stands out

32%

of Chincoteague's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Town taxes46%

Other taxes
32%$3.1 million
What's in other taxesOther selective sales taxes; public utility taxes and 3 more
  • Other selective sales taxes$2.6 million
  • Public utility taxes$257 thousand
  • Occupation and business licenses$146 thousand
  • Motor vehicle licenses$105 thousand
  • Other licenses$45 thousand

Amounts are by Census tax category.

Property tax
11%$1.1 million
Sales tax
2.1%$204 thousand

Fees for services24%

Fees for services
24%$2.3 million
What's in fees for servicesWater; ports and waterways and 2 more
  • Water$1.2 million
  • Ports and waterways$566 thousand
  • Garbage collection$514 thousand
  • Parks and recreation$30 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$25 thousand

State tax money19%

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

From the state
19%$1.8 million

Fines and other12%

Interest, rents and other
10%$981 thousand
Fines
1.7%$160 thousand

Where it goes

Running the government and other costs38%Police, fire, courts and jails32%Roads, transit and parking14%Water, sewer, trash and utilities10%Parks, recreation and libraries2.3%All other spending3.8%

What stands out

32%

of Chincoteague's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
38%$4.0 million
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$2.4 million
  • Central staff services (personnel, purchasing, technology)$1.6 million
Police, fire, courts and jails
32%$3.5 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$2.4 million
  • Fire protection$1.0 million
Roads, transit and parking
14%$1.4 million
What's in roads, transit and parkingRoads and highways and ports and harbors
  • Roads and highways$858 thousand
  • Ports and harbors$583 thousand
Water, sewer, trash and utilities
10%$1.1 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$590 thousand
  • Garbage and solid waste$525 thousand
Parks, recreation and libraries
2.3%$245 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$245 thousand
Housing and community development
1.8%$194 thousand
Health and hospitals
1.5%$155 thousand
What's in health and hospitalsPublic health
  • Public health$155 thousand
Interest on debt
0.5%$52 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Chincoteague. 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 Chincoteague 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.