Town government · Naugatuck Valley County, CT

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

In the latest recorded fiscal year (ended June 30, 2022), Watertown took in $83.8 million and spent $82.1 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Town taxes78%State tax money21%Fees for services (school lunches)0.3%Fines and other0.2%

What stands out

21%

of Watertown's money comes from state tax money.A typical U.S. township or town of 10,000 to 50,000 people gets 8.8%.

Town taxes78%

Property tax
78%$65.5 million

Fees for services0.3%

Fees for services
0.3%$221 thousand
What's in fees for servicesSchool lunches and other school charges
  • School lunches$208 thousand
  • Other school charges$13 thousand

Amounts are by Census type of charge.

State tax money21%

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

From the state
21%$17.9 million

Fines and other0.2%

Interest, rents and other
0.2%$208 thousand

Where it goes

Schools and colleges75%Police, fire, courts and jails8.5%Water, sewer, trash and utilities4.6%Roads, transit and parking4.5%Running the government and other costs2.6%All other spending4.9%

What stands out

75%

of Watertown'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
75%$61.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$61.6 million
Police, fire, courts and jails
8.5%$7.0 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$5.8 million
  • Fire protection$987 thousand
  • Courts and legal services$154 thousand
Water, sewer, trash and utilities
4.6%$3.7 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.8 million
  • Water supply$1.7 million
  • Garbage and solid waste$261 thousand
Roads, transit and parking
4.5%$3.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.7 million
Running the government and other costs
2.6%$2.1 million
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 1 more
  • Finance, tax collection and budgeting$1.1 million
  • Government buildings$689 thousand
  • Central staff services (personnel, purchasing, technology)$344 thousand
Parks, recreation and libraries
2.1%$1.8 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$974 thousand
  • Libraries$790 thousand
Interest on debt
1.5%$1.2 million
Sent to other local governments
1.3%$1.0 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$1.0 million
Sources and moreWhere these numbers come from and what they cover

Town of Watertown. 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 Watertown 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.