Town government · Lower Connecticut River Valley County, CT

Old Lyme's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Old Lyme took in $39.0 million and spent $35.9 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Town taxes93%Fees for services (garbage collection, parking)3.4%State tax money2.8%Fines and other0.9%

What stands out

93%

of Old Lyme's money comes from property tax.A typical U.S. township or town of under 10,000 people gets 52%.

Town taxes93%

Property tax
93%$36.3 million

Fees for services3.4%

Fees for services
3.4%$1.3 million
What's in fees for servicesOther service charges; garbage collection and 2 more
  • Other service charges$1.1 million
  • Garbage collection$154 thousand
  • Parking$89 thousand
  • Parks and recreation$35 thousand

Amounts are by Census type of charge.

State tax money2.8%

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

From the state
2.8%$1.1 million

Fines and other0.9%

Interest, rents and other
0.9%$350 thousand

Where it goes

Running the government and other costs86%Police, fire, courts and jails3.7%Roads, transit and parking3.6%Water, sewer, trash and utilities3.3%Parks, recreation and libraries2.2%All other spending1.4%

What stands out

86%

of Old Lyme's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Running the government and other costs
86%$30.8 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$27.9 million
  • Central staff services (personnel, purchasing, technology)$1.2 million
  • Government buildings$1.2 million
  • Finance, tax collection and budgeting$474 thousand
Police, fire, courts and jails
3.7%$1.3 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$922 thousand
  • Fire protection$413 thousand
  • Courts and legal services$6 thousand
Roads, transit and parking
3.6%$1.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.3 million
Water, sewer, trash and utilities
3.3%$1.2 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$1.2 million
Parks, recreation and libraries
2.2%$775 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$410 thousand
  • Libraries$365 thousand
Social services
0.9%$323 thousand
What's in social servicesWelfare institutions
  • Welfare institutions$323 thousand
Interest on debt
0.3%$93 thousand
Health and hospitals
0.2%$78 thousand
What's in health and hospitalsPublic health
  • Public health$78 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Old Lyme. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Old Lyme 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.