Town government · Summit County, CO

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

In the latest recorded fiscal year (ended December 31, 2023), Silverthorne took in $43.8 million and spent $62.9 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Town taxes53%Fees for services (sewer, water)29%Fines and other10%County and local tax money7.5%State tax money1.2%

What stands out

39%

of Silverthorne's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes53%

Sales tax
39%$17.0 million
Other taxes
14%$6.0 million
What's in other taxesOther selective sales taxes; other taxes not classified elsewhere and 2 more
  • Other selective sales taxes$2.1 million
  • Other taxes not classified elsewhere$1.9 million
  • Other licenses$1.6 million
  • Occupation and business licenses$435 thousand

Amounts are by Census tax category.

Fees for services29%

Fees for services
29%$12.5 million
What's in fees for servicesOther service charges; sewer and 1 more
  • Other service charges$5.2 million
  • Sewer$4.0 million
  • Water$3.4 million

Amounts are by Census type of charge.

State tax money1.2%

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

From the state
1.2%$529 thousand

County and local tax money7.5%

Money passed on by the county or other local governments.

From the county and other local governments
7.5%$3.3 million

Fines and other10%

Interest, rents and other
9.9%$4.3 million
Fines
0.2%$68 thousand

Where it goes

Running the government and other costs44%Water, sewer, trash and utilities20%Housing and community development15%Parks, recreation and libraries9.3%Roads, transit and parking6.5%All other spending5.1%

What stands out

15%

of Silverthorne's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
44%$27.7 million
What's in running the government and other costsOther and not broken out
  • Other and not broken out$27.7 million
Water, sewer, trash and utilities
20%$12.8 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$8.2 million
  • Water supply$4.6 million
Housing and community development
15%$9.2 million
Parks, recreation and libraries
9.3%$5.9 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5.9 million
Roads, transit and parking
6.5%$4.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.1 million
Police, fire, courts and jails
5.0%$3.2 million
What's in police, fire, courts and jailsPolice
  • Police$3.2 million
Interest on debt
<0.1%$34 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Silverthorne. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Town of Silverthorne 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.