Town government · Western Connecticut County, CT
New Canaan's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), New Canaan took in $158 million and spent $133 million.
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Where it comes from
What stands out
of New Canaan's money comes from property tax.A typical U.S. township or town of 10,000 to 50,000 people gets 53%.
Town taxes97%
What's in other taxesOther licenses and occupation and business licenses
- Other licenses$1.4 million
- Occupation and business licenses$50 thousand
Amounts are by Census tax category.
Fees for services0.1%
What's in fees for servicesSchool tuition and transportation and other school charges
- School tuition and transportation$148 thousand
- Other school charges$20 thousand
Amounts are by Census type of charge.
State tax money1.7%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other0.8%
Where it goes
What stands out
of New Canaan'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%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$128 million
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$298 thousand
Sources and moreWhere these numbers come from and what they cover
Town of New Canaan. 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 New Canaan 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.