Town government · St Croix County, WI

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

In the latest recorded fiscal year (ended December 31, 2021), Somerset took in $1.5 million and spent $1.7 million.

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

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Where it comes from

Town taxes58%State tax money24%Federal tax money15%Fines and other1.9%Fees for services (parks and recreation, garbage collection)1.1%County and local tax money0.3%

What stands out

15%

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

Town taxes58%

Property tax
49%$749 thousand
Other taxes
8.3%$126 thousand
What's in other taxesOther licenses; occupation and business licenses and 1 more
  • Other licenses$118 thousand
  • Occupation and business licenses$6 thousand
  • Other taxes not classified elsewhere$2 thousand

Amounts are by Census tax category.

Fees for services1.1%

Fees for services
1.1%$16 thousand
What's in fees for servicesOther service charges; parks and recreation and 1 more
  • Other service charges$11 thousand
  • Parks and recreation$3 thousand
  • Garbage collection$2 thousand

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$232 thousand

State tax money24%

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

From the state
24%$365 thousand

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$4 thousand

Fines and other1.9%

Interest, rents and other
1.8%$27 thousand
Fines
0.1%$2 thousand

Where it goes

Roads, transit and parking47%Running the government and other costs25%Sent to other local governments14%Police, fire, courts and jails12%Parks, recreation and libraries1.1%All other spending0.8%

What stands out

14%

of Somerset's spending goes to local governments.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
47%$777 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$777 thousand
Running the government and other costs
25%$420 thousand
What's in running the government and other costsGovernment buildings; central staff services (personnel, purchasing, technology) and 2 more
  • Government buildings$205 thousand
  • Central staff services (personnel, purchasing, technology)$167 thousand
  • Finance, tax collection and budgeting$35 thousand
  • Other and not broken out$13 thousand
Sent to other local governments
14%$236 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$236 thousand
Police, fire, courts and jails
12%$201 thousand
What's in police, fire, courts and jailsFire protection; inspections and regulation and 2 more
  • Fire protection$115 thousand
  • Inspections and regulation$82 thousand
  • Courts and legal services$2 thousand
  • Police$2 thousand
Parks, recreation and libraries
1.1%$18 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$18 thousand
Water, sewer, trash and utilities
0.5%$8 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$8 thousand
Health and hospitals
0.3%$5 thousand
What's in health and hospitalsPublic health
  • Public health$5 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Somerset. 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 Somerset 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.