Borough government · Southeastern Connecticut County, CT

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

In the latest recorded fiscal year (ended June 30, 2024), Stonington took in $1.5 million and spent $1.4 million.

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

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Where it comes from

Borough taxes67%State tax money20%Fees for services8.6%Federal tax money2.9%Fines and other1.6%

What stands out

67%

of Stonington's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Borough taxes67%

Property tax
67%$1.0 million

Fees for services8.6%

Fees for services
8.6%$129 thousand
What's in fees for servicesOther service charges
  • Other service charges$129 thousand

Amounts are by Census type of charge.

Federal tax money2.9%

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

From the federal government
2.9%$43 thousand

State tax money20%

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

From the state
20%$306 thousand

Fines and other1.6%

Interest, rents and other
1.6%$24 thousand

Where it goes

Running the government and other costs39%Police, fire, courts and jails31%Roads, transit and parking27%Parks, recreation and libraries1.9%Interest on debt0.3%

What stands out

31%

of Stonington's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
39%$569 thousand
What's in running the government and other costsOther and not broken out
  • Other and not broken out$569 thousand
Police, fire, courts and jails
31%$447 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$447 thousand
Roads, transit and parking
27%$394 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$394 thousand
Parks, recreation and libraries
1.9%$28 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$28 thousand
Interest on debt
0.3%$5 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Stonington. 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 Borough of Stonington 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.