City government · Naugatuck Valley County, CT

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

In the latest recorded fiscal year (ended June 30, 2024), Waterbury took in $617 million and spent $834 million.

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

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Where it comes from

State tax money50%City taxes41%Fees for services (sewer, water)6.5%Fines and other1.3%Federal tax money0.6%County and local tax money0.1%

What stands out

50%

of Waterbury's money comes from state tax money.A typical U.S. city of 50,000+ people gets 6.4%.

City taxes41%

Property tax
41%$251 million
Other taxes
0.6%$3.5 million
What's in other taxesReal estate and stock transfer taxes and other licenses
  • Real estate and stock transfer taxes$2.3 million
  • Other licenses$1.2 million

Amounts are by Census tax category.

Fees for services6.5%

Fees for services
6.5%$40.3 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$24.1 million
  • Water$15.4 million
  • Other service charges$506 thousand
  • School lunches$170 thousand
  • Other school charges$129 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$3.6 million

State tax money50%

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

From the state
50%$309 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$749 thousand

Fines and other1.3%

Interest, rents and other
1.3%$8.1 million

Where it goes

Schools and colleges55%Running the government and other costs24%Police, fire, courts and jails8.7%Water, sewer, trash and utilities4.9%Roads, transit and parking2.7%All other spending5.2%

What stands out

55%

of Waterbury'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%$455 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$455 million
Running the government and other costs
24%$200 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$169 million
  • Finance, tax collection and budgeting$27.8 million
  • Central staff services (personnel, purchasing, technology)$3.5 million
Police, fire, courts and jails
8.7%$72.6 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$44.7 million
  • Fire protection$24.3 million
  • Courts and legal services$2.6 million
  • Inspections and regulation$860 thousand
Water, sewer, trash and utilities
4.9%$40.6 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$22.5 million
  • Water supply$18.1 million
Roads, transit and parking
2.7%$22.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$22.4 million
Interest on debt
2.5%$21.3 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$21.0 million
  • Interest on water supply debt$293 thousand
Health and hospitals
1.2%$9.9 million
What's in health and hospitalsPublic health
  • Public health$9.9 million
Sent to other local governments
0.9%$7.4 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$7.4 million
Parks, recreation and libraries
0.5%$4.5 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.4 million
  • Libraries$2.1 million
Sources and moreWhere these numbers come from and what they cover

City of Waterbury. 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 Waterbury 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.