Town government · Southeastern Connecticut County, CT

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

In the latest recorded fiscal year (ended June 30, 2024), Colchester took in $64.5 million and spent $63.6 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes from Goes to

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Where it comes from

Town taxes70%State tax money25%Fines and other2.6%Fees for services (water, school lunches)1.8%County and local tax money0.8%Federal tax money<0.1%

What stands out

25%

of Colchester's money comes from state tax money.A typical U.S. township or town of 10,000 to 50,000 people gets 8.8%.

Town taxes70%

Property tax

70%$45.3 million

Fees for services1.8%

Fees for services

1.8%$1.1 million

What's in fees for servicesWater; school lunches and 3 more

Water$468 thousand
School lunches$404 thousand
School tuition and transportation$191 thousand
Sewer$42 thousand
Other school charges$37 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government

<0.1%$39 thousand

State tax money25%

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

From the state

25%$15.9 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments

0.8%$485 thousand

Fines and other2.6%

Interest, rents and other

2.6%$1.7 million

Where it goes

Schools and colleges85%Police, fire, courts and jails7.8%Running the government and other costs2.6%Sent to other local governments1.5%Roads, transit and parking1.2%All other spending2.2%

What stands out

85%

of Colchester's spending goes to schools and colleges.Most U.S. townships and towns of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges

85%$53.8 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$53.8 million

Police, fire, courts and jails

7.8%$5.0 million

What's in police, fire, courts and jailsFire protection and police

Fire protection$3.0 million
Police$2.0 million

Running the government and other costs

2.6%$1.7 million

What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting

Central staff services (personnel, purchasing, technology)$870 thousand
Finance, tax collection and budgeting$795 thousand

Sent to other local governments

1.5%$959 thousand

What's in sent to other local governmentsSent to local governments: other and not broken out

Sent to local governments: other and not broken out$959 thousand

Roads, transit and parking

1.2%$795 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$795 thousand

Parks, recreation and libraries

1.2%$767 thousand

What's in parks, recreation and librariesLibraries and parks and recreation

Libraries$628 thousand
Parks and recreation$139 thousand

Water, sewer, trash and utilities

0.8%$538 thousand

What's in water, sewer, trash and utilitiesGarbage and solid waste

Garbage and solid waste$538 thousand

Interest on debt

0.1%$81 thousand

Sources and moreWhere these numbers come from and what they cover

Town of Colchester. 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 Colchester 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.