Town government · Southeastern Connecticut County, CT

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

In the latest recorded fiscal year (ended June 30, 2024), Waterford took in $107 million and spent $107 million.

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

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Where it comes from

Town taxes91%Fines and other4.5%State tax money3.6%Fees for services (school lunches, garbage collection)1.1%County and local tax money<0.1%

What stands out

90%

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

Town taxes91%

Property tax
90%$96.3 million
Other taxes
0.4%$379 thousand
What's in other taxesReal estate and stock transfer taxes and other licenses
  • Real estate and stock transfer taxes$309 thousand
  • Other licenses$70 thousand

Amounts are by Census tax category.

Fees for services1.1%

Fees for services
1.1%$1.2 million
What's in fees for servicesSchool lunches; garbage collection and 2 more
  • School lunches$517 thousand
  • Garbage collection$373 thousand
  • Parks and recreation$282 thousand
  • Other school charges$12 thousand

Amounts are by Census type of charge.

State tax money3.6%

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

From the state
3.6%$3.8 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%$86 thousand

Fines and other4.5%

Interest, rents and other
4.5%$4.8 million
Fines
<0.1%$28 thousand

Where it goes

Schools and colleges64%Running the government and other costs16%Police, fire, courts and jails11%Parks, recreation and libraries3.5%Roads, transit and parking2.9%All other spending2.8%

What stands out

64%

of Waterford'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
64%$68.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$68.2 million
Running the government and other costs
16%$17.4 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$11.6 million
  • Government buildings$2.9 million
  • Central staff services (personnel, purchasing, technology)$1.8 million
  • Finance, tax collection and budgeting$1.1 million
Police, fire, courts and jails
11%$11.7 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$6.7 million
  • Fire protection$4.6 million
  • Courts and legal services$423 thousand
Parks, recreation and libraries
3.5%$3.8 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.7 million
  • Libraries$1.1 million
Roads, transit and parking
2.9%$3.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.2 million
Sent to other local governments
1.4%$1.5 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$1.5 million
Water, sewer, trash and utilities
1.3%$1.4 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$1.4 million
Health and hospitals
0.2%$164 thousand
What's in health and hospitalsPublic health
  • Public health$164 thousand
Interest on debt
<0.1%$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Waterford. 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 Waterford 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.