City government · Broome County, NY

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

In the latest recorded fiscal year (ended October 31, 2023), Binghamton took in $196 million and spent $162 million.

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

See every government that serves your ZIP

Where it comes from

County and local tax money31%Fines and other19%City taxes18%Fees for services (sewer, water)12%State tax money10%Federal tax money9.2%

What stands out

31%

of Binghamton's money comes from county and other local tax money.A typical U.S. city of 10,000 to 50,000 people gets 0.8%.

City taxes18%

Property tax
17%$33.7 million
Other taxes
1.0%$2.0 million
What's in other taxesPublic utility taxes; other licenses and 4 more
  • Public utility taxes$966 thousand
  • Other licenses$897 thousand
  • Occupation and business licenses$41 thousand
  • Other taxes not classified elsewhere$37 thousand
  • Other selective sales taxes$35 thousand
  • Amusement licenses$2 thousand

Amounts are by Census tax category.

Fees for services12%

Fees for services
12%$23.3 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$11.8 million
  • Water$6.2 million
  • Parking$1.8 million
  • Garbage collection$1.6 million
  • Other service charges$1.1 million
  • Parks and recreation$832 thousand

Amounts are by Census type of charge.

Federal tax money9.2%

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

From the federal government
9.2%$18.0 million

State tax money10%

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

From the state
10%$20.0 million

County and local tax money31%

Money passed on by the county or other local governments.

From the county and other local governments
31%$60.6 million

Fines and other19%

Interest, rents and other
19%$37.4 million
Fines
0.3%$494 thousand

Where it goes

Water, sewer, trash and utilities40%Running the government and other costs23%Police, fire, courts and jails18%Parks, recreation and libraries7.1%Roads, transit and parking5.8%All other spending6.3%

What stands out

40%

of Binghamton's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
40%$65.1 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 2 more
  • Sewer systems$53.0 million
  • Water supply$7.8 million
  • Garbage and solid waste$4.3 million
  • Electric power$45 thousand
Running the government and other costs
23%$36.9 million
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$34.2 million
  • Finance, tax collection and budgeting$1.1 million
  • Central staff services (personnel, purchasing, technology)$836 thousand
  • Government buildings$730 thousand
Police, fire, courts and jails
18%$29.4 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$14.1 million
  • Fire protection$13.4 million
  • Courts and legal services$1.1 million
  • Inspections and regulation$773 thousand
Parks, recreation and libraries
7.1%$11.5 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$10.7 million
  • Libraries$804 thousand
Roads, transit and parking
5.8%$9.3 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$8.7 million
  • Parking$617 thousand
Interest on debt
3.9%$6.4 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$6.3 million
  • Interest on water supply debt$131 thousand
Housing and community development
2.0%$3.3 million
Social services
0.2%$300 thousand
What's in social servicesOther public welfare
  • Other public welfare$300 thousand
Health and hospitals
<0.1%$147 thousand
What's in health and hospitalsPublic health
  • Public health$147 thousand
Sources and moreWhere these numbers come from and what they cover

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

What this covers. The money of City of Binghamton 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.