Town government · Rockingham County, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Elkton took in $8.9 million and spent $10.7 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, sewer)48%Town taxes27%Fines and other15%Federal tax money7.5%State tax money2.5%

What stands out

19%

of Elkton'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 taxes27%

Other taxes
19%$1.7 million
What's in other taxesOther selective sales taxes; occupation and business licenses and 3 more
  • Other selective sales taxes$1.2 million
  • Occupation and business licenses$168 thousand
  • Other licenses$121 thousand
  • Tobacco taxes$78 thousand
  • Public utility taxes$44 thousand

Amounts are by Census tax category.

Property tax
5.6%$497 thousand
Sales tax
2.5%$223 thousand

Fees for services48%

Fees for services
48%$4.2 million
What's in fees for servicesElectric power; sewer and 4 more
  • Electric power$2.2 million
  • Sewer$915 thousand
  • Water$636 thousand
  • Garbage collection$248 thousand
  • Parks and recreation$165 thousand
  • Other government-run businesses$114 thousand

Amounts are by Census type of charge.

Federal tax money7.5%

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

From the federal government
7.5%$666 thousand

State tax money2.5%

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

From the state
2.5%$223 thousand

Fines and other15%

Interest, rents and other
15%$1.4 million
Fines
0.1%$11 thousand

Where it goes

Water, sewer, trash and utilities48%Running the government and other costs23%Police, fire, courts and jails9.5%Roads, transit and parking8.2%Interest on debt6.4%Parks, recreation and libraries4.9%

What stands out

6.4%

of Elkton's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
48%$5.2 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$2.5 million
  • Sewer systems$2.2 million
  • Water supply$297 thousand
  • Garbage and solid waste$229 thousand
Running the government and other costs
23%$2.4 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$1.9 million
  • Other and not broken out$480 thousand
  • Other government-run businesses$32 thousand
Police, fire, courts and jails
9.5%$1.0 million
What's in police, fire, courts and jailsPolice
  • Police$1.0 million
Roads, transit and parking
8.2%$876 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$876 thousand
Interest on debt
6.4%$686 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$569 thousand
  • Interest on water supply debt$117 thousand
Parks, recreation and libraries
4.9%$525 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$525 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Elkton. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Elkton 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.