Town government · South Central Connecticut County, CT

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

In the latest recorded fiscal year (ended June 30, 2024), Guilford took in $122 million and spent $86.5 million.

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

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Where it comes from

Town taxes88%State tax money7.4%Fines and other3.5%Fees for services (school lunches, parks and recreation)1.1%County and local tax money<0.1%

What stands out

88%

of Guilford's money comes from property tax.A typical U.S. township or town of 10,000 to 50,000 people gets 53%.

Town taxes88%

Property tax
88%$107 million

Fees for services1.1%

Fees for services
1.1%$1.4 million
What's in fees for servicesSchool lunches; parks and recreation and 2 more
  • School lunches$1.0 million
  • Parks and recreation$188 thousand
  • School tuition and transportation$138 thousand
  • Other school charges$16 thousand

Amounts are by Census type of charge.

State tax money7.4%

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

From the state
7.4%$9.0 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$83 thousand

Fines and other3.5%

Interest, rents and other
3.5%$4.3 million

Where it goes

Schools and colleges99%Sent to other local governments0.5%

What stands out

99%

of Guilford'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
99%$86.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$86.1 million
Sent to other local governments
0.5%$455 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$455 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Guilford. 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 Guilford 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.