City government · Western Connecticut County, CT

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

In the latest recorded fiscal year (ended June 30, 2024), Stamford took in $475 million and spent $820 million.

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

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Where it comes from

City taxes69%State tax money19%Fees for services (sewer, garbage collection)8.5%Fines and other3.4%

What stands out

65%

of Stamford's money comes from property tax.A typical U.S. city of 50,000+ people gets 20%.

City taxes69%

Property tax
65%$309 million
Other taxes
3.8%$17.9 million
What's in other taxesOther licenses; real estate and stock transfer taxes and 1 more
  • Other licenses$11.6 million
  • Real estate and stock transfer taxes$6.0 million
  • Occupation and business licenses$311 thousand

Amounts are by Census tax category.

Fees for services8.5%

Fees for services
8.5%$40.6 million
What's in fees for servicesSewer; other service charges and 5 more
  • Sewer$25.9 million
  • Other service charges$7.0 million
  • Garbage collection$5.0 million
  • Parks and recreation$2.1 million
  • School tuition and transportation$516 thousand
  • School lunches$84 thousand
  • Other school charges$81 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$79 thousand

State tax money19%

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

From the state
19%$91.7 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%$217 thousand

Fines and other3.4%

Interest, rents and other
2.8%$13.4 million
Fines
0.6%$2.6 million

Where it goes

Schools and colleges55%Running the government and other costs17%Police, fire, courts and jails13%Water, sewer, trash and utilities4.2%Roads, transit and parking3.2%All other spending7.5%

What stands out

55%

of Stamford's spending goes to schools and colleges.Most U.S. cities of 50,000+ people spend nothing on this.

Spending by category100%

Schools and colleges
55%$454 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$454 million
Running the government and other costs
17%$139 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$115 million
  • Government buildings$12.9 million
  • Finance, tax collection and budgeting$9.1 million
  • Central staff services (personnel, purchasing, technology)$1.8 million
Police, fire, courts and jails
13%$105 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$49.9 million
  • Police$48.6 million
  • Courts and legal services$6.8 million
Water, sewer, trash and utilities
4.2%$34.6 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; sewer systems and 1 more
  • Garbage and solid waste$16.7 million
  • Sewer systems$14.5 million
  • Water supply$3.4 million
Roads, transit and parking
3.2%$26.4 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$24.1 million
  • Parking$2.3 million
Parks, recreation and libraries
2.8%$23.4 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$12.7 million
  • Libraries$10.7 million
Interest on debt
2.1%$17.4 million
Health and hospitals
1.7%$13.7 million
What's in health and hospitalsPublic health
  • Public health$13.7 million
Sent to other local governments
0.6%$4.9 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$4.9 million
Housing and community development
0.2%$1.3 million
Environment and natural resources
<0.1%$414 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$414 thousand
Sources and moreWhere these numbers come from and what they cover

City of Stamford. 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 City of Stamford 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.