Village government · Albany County, NY

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

In the latest recorded fiscal year (ended May 31, 2022), Altamont took in $2.3 million and spent $2.1 million.

Latest recorded year: ended May 31, 2022Comes fromGoes to

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Where it comes from

Fees for services (sewer, water)40%County and local tax money37%Village taxes17%State tax money3.6%Fines and other2.0%

What stands out

37%

of Altamont's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Village taxes17%

Property tax
13%$303 thousand
Other taxes
4.1%$96 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$58 thousand
  • Other licenses$38 thousand

Amounts are by Census tax category.

Fees for services40%

Fees for services
40%$934 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$485 thousand
  • Water$384 thousand
  • Other service charges$49 thousand
  • Parks and recreation$16 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%$85 thousand

County and local tax money37%

Money passed on by the county or other local governments.

From the county and other local governments
37%$872 thousand

Fines and other2.0%

Interest, rents and other
1.3%$31 thousand
Fines
0.6%$15 thousand

Where it goes

Water, sewer, trash and utilities30%Running the government and other costs21%Roads, transit and parking18%Police, fire, courts and jails15%Interest on debt8.1%All other spending7.9%

What stands out

8.1%

of Altamont's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
30%$640 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$391 thousand
  • Water supply$249 thousand
Running the government and other costs
21%$453 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$275 thousand
  • Finance, tax collection and budgeting$80 thousand
  • Government buildings$75 thousand
  • Central staff services (personnel, purchasing, technology)$23 thousand
Roads, transit and parking
18%$374 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$374 thousand
Police, fire, courts and jails
15%$329 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$185 thousand
  • Fire protection$92 thousand
  • Courts and legal services$39 thousand
  • Inspections and regulation$13 thousand
Interest on debt
8.1%$173 thousand
Parks, recreation and libraries
6.6%$141 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$84 thousand
  • Libraries$57 thousand
Sent to other local governments
1.3%$27 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$27 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Altamont. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended May 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Altamont 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.