Town government · Northeastern Connecticut County, CT

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

In the latest recorded fiscal year (ended June 30, 2022), Putnam took in $30.2 million and spent $31.0 million.

Latest recorded year: ended June 30, 2022Comes from Goes to

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Where it comes from

Town taxes52%State tax money46%Fees for services (garbage collection, school lunches)1.3%Fines and other0.7%County and local tax money0.4%Federal tax money0.2%

What stands out

46%

of Putnam's money comes from state tax money.A typical U.S. township or town of under 10,000 people gets 19%.

Town taxes52%

Property tax

52%$15.7 million

Fees for services1.3%

Fees for services

1.3%$378 thousand

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

Garbage collection$188 thousand
School lunches$67 thousand
Parks, land and natural resources$62 thousand
Parks and recreation$55 thousand
Other school charges$6 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government

0.2%$75 thousand

State tax money46%

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

From the state

46%$13.8 million

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments

0.4%$120 thousand

Fines and other0.7%

Interest, rents and other

0.7%$205 thousand

Where it goes

Schools and colleges87%Parks, recreation and libraries3.2%Running the government and other costs3.1%Interest on debt2.5%Water, sewer, trash and utilities2.2%All other spending2.0%

What stands out

87%

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

Spending by category100%

Schools and colleges

87%$27.0 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$27.0 million

Parks, recreation and libraries

3.2%$987 thousand

What's in parks, recreation and librariesParks and recreation and libraries

Parks and recreation$575 thousand
Libraries$412 thousand

Running the government and other costs

3.1%$963 thousand

What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 1 more

Central staff services (personnel, purchasing, technology)$565 thousand
Government buildings$355 thousand
Finance, tax collection and budgeting$43 thousand

Interest on debt

2.5%$778 thousand

Water, sewer, trash and utilities

2.2%$691 thousand

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

Garbage and solid waste$691 thousand

Sent to other local governments

1.1%$345 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$345 thousand

Roads, transit and parking

0.9%$288 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$288 thousand

Sources and moreWhere these numbers come from and what they cover

Town of Putnam. 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 Putnam 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.