City government · Albany County, NY

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

In the latest recorded fiscal year (ended December 31, 2023), Albany took in $235 million and spent $247 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

City taxes31%County and local tax money20%State tax money19%Federal tax money14%Fines and other14%Fees for services (garbage collection, parks and recreation)3.8%

What stands out

20%

of Albany's money comes from county and other local tax money.A typical U.S. city of 50,000+ people gets 0.9%.

City taxes31%

Property tax
26%$61.0 million
Other taxes
4.7%$11.2 million
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$7.8 million
  • Public utility taxes$3.4 million
  • Other selective sales taxes$31 thousand

Amounts are by Census tax category.

Fees for services3.8%

Fees for services
3.8%$8.9 million
What's in fees for servicesOther service charges; garbage collection and 2 more
  • Other service charges$4.6 million
  • Garbage collection$2.9 million
  • Parks and recreation$1.5 million
  • Electric power$2 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$32.2 million

State tax money19%

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

From the state
19%$44.0 million

County and local tax money20%

Money passed on by the county or other local governments.

From the county and other local governments
20%$46.1 million

Fines and other14%

Interest, rents and other
11%$26.3 million
Fines
2.5%$5.8 million

Where it goes

Police, fire, courts and jails47%Running the government and other costs33%Roads, transit and parking9.5%Interest on debt4.1%Water, sewer, trash and utilities3.4%All other spending2.4%

What stands out

47%

of Albany's spending goes to police, fire, courts and jails.A typical U.S. city of 50,000+ people spends 25%.

Spending by category100%

Police, fire, courts and jails
47%$116 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$67.5 million
  • Fire protection$42.7 million
  • Inspections and regulation$4.4 million
  • Courts and legal services$1.8 million
Running the government and other costs
33%$82.3 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$62.2 million
  • Central staff services (personnel, purchasing, technology)$14.1 million
  • Finance, tax collection and budgeting$3.5 million
  • Government buildings$2.6 million
Roads, transit and parking
9.5%$23.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$23.5 million
Interest on debt
4.1%$10.2 million
Water, sewer, trash and utilities
3.4%$8.5 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$8.5 million
Parks, recreation and libraries
2.1%$5.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5.2 million
Health and hospitals
0.3%$662 thousand
What's in health and hospitalsPublic health
  • Public health$662 thousand
Sent to other local governments
<0.1%$41 thousand
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$41 thousand
Sources and moreWhere these numbers come from and what they cover

City of Albany. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Albany 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.