Town government · Lower Connecticut River Valley County, CT

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

In the latest recorded fiscal year (ended June 30, 2024), Old Saybrook took in $53.6 million and spent $52.5 million.

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

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Where it comes from

Town taxes93%Fines and other3.0%State tax money2.3%Fees for services (parks and recreation, school lunches)1.3%

What stands out

92%

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

Town taxes93%

Property tax
92%$49.1 million
Other taxes
1.6%$872 thousand
What's in other taxesOther licenses
  • Other licenses$872 thousand

Amounts are by Census tax category.

Fees for services1.3%

Fees for services
1.3%$705 thousand
What's in fees for servicesParks and recreation; school lunches and 2 more
  • Parks and recreation$380 thousand
  • School lunches$223 thousand
  • Garbage collection$97 thousand
  • Other school charges$5 thousand

Amounts are by Census type of charge.

State tax money2.3%

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

From the state
2.3%$1.2 million

Fines and other3.0%

Interest, rents and other
3.0%$1.6 million
Fines
<0.1%$5 thousand

Where it goes

Schools and colleges66%Police, fire, courts and jails13%Running the government and other costs8.4%Parks, recreation and libraries3.8%Roads, transit and parking3.6%All other spending5.0%

What stands out

66%

of Old Saybrook'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
66%$34.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$34.6 million
Police, fire, courts and jails
13%$6.9 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$5.3 million
  • Fire protection$1.4 million
  • Inspections and regulation$180 thousand
Running the government and other costs
8.4%$4.4 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)$3.5 million
  • Finance, tax collection and budgeting$882 thousand
Parks, recreation and libraries
3.8%$2.0 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.1 million
  • Parks and recreation$936 thousand
Roads, transit and parking
3.6%$1.9 million
What's in roads, transit and parkingRoads and highways and ports and harbors
  • Roads and highways$1.9 million
  • Ports and harbors$22 thousand
Health and hospitals
1.9%$1.0 million
What's in health and hospitalsPublic health
  • Public health$1.0 million
Interest on debt
1.5%$813 thousand
Water, sewer, trash and utilities
1.2%$634 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$634 thousand
Sent to other local governments
0.3%$181 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$181 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Old Saybrook. 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 Old Saybrook 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.