Village government · Allegany County, NY

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

In the latest recorded fiscal year (ended May 31, 2022), Belmont took in $1.0 million and spent $1.1 million.

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

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Where it comes from

Fees for services (sewer, water)50%Village taxes31%State tax money14%Fines and other4.8%Federal tax money1.1%

What stands out

29%

of Belmont's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes31%

Property tax
29%$304 thousand
Other taxes
1.5%$16 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$12 thousand
  • Other licenses$4 thousand

Amounts are by Census tax category.

Fees for services50%

Fees for services
50%$514 thousand
What's in fees for servicesSewer and water
  • Sewer$304 thousand
  • Water$210 thousand

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government
1.1%$11 thousand

State tax money14%

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

From the state
14%$141 thousand

Fines and other4.8%

Fines
2.4%$25 thousand
Interest, rents and other
2.4%$25 thousand

Where it goes

Water, sewer, trash and utilities47%Roads, transit and parking22%Running the government and other costs14%Interest on debt9.8%Police, fire, courts and jails7.6%

What stands out

10%

of Belmont'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
47%$511 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$288 thousand
  • Water supply$212 thousand
  • Garbage and solid waste$11 thousand
Roads, transit and parking
22%$235 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$235 thousand
Running the government and other costs
14%$151 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$91 thousand
  • Finance, tax collection and budgeting$36 thousand
  • Government buildings$16 thousand
  • Central staff services (personnel, purchasing, technology)$8 thousand
Interest on debt
9.8%$106 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$98 thousand
  • Interest on water supply debt$8 thousand
Police, fire, courts and jails
7.6%$83 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$38 thousand
  • Police$34 thousand
  • Courts and legal services$11 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Belmont. 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 Belmont 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.