Town government · Broome County, NY

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

In the latest recorded fiscal year (ended December 31, 2021), Binghamton took in $4.4 million and spent $3.7 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Town taxes38%County and local tax money34%Fees for services (sewer, water)20%State tax money5.2%Fines and other3.1%

What stands out

34%

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

Town taxes38%

Property tax
33%$1.5 million
Other taxes
4.4%$192 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$140 thousand
  • Public utility taxes$49 thousand
  • Other taxes not classified elsewhere$3 thousand

Amounts are by Census tax category.

Fees for services20%

Fees for services
20%$866 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$491 thousand
  • Water$257 thousand
  • Other service charges$95 thousand
  • Parks and recreation$23 thousand

Amounts are by Census type of charge.

State tax money5.2%

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

From the state
5.2%$228 thousand

County and local tax money34%

Money passed on by the county or other local governments.

From the county and other local governments
34%$1.5 million

Fines and other3.1%

Interest, rents and other
3.0%$132 thousand
Fines
0.1%$5 thousand

Where it goes

Roads, transit and parking34%Water, sewer, trash and utilities26%Running the government and other costs24%Police, fire, courts and jails8.4%Parks, recreation and libraries3.0%All other spending5.0%

What stands out

26%

of Binghamton's spending goes to water, sewer, trash and other utilities.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
34%$1.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.3 million
Water, sewer, trash and utilities
26%$957 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$608 thousand
  • Water supply$344 thousand
  • Garbage and solid waste$5 thousand
Running the government and other costs
24%$904 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$604 thousand
  • Finance, tax collection and budgeting$110 thousand
  • Central staff services (personnel, purchasing, technology)$109 thousand
  • Government buildings$81 thousand
Police, fire, courts and jails
8.4%$314 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 2 more
  • Fire protection$204 thousand
  • Courts and legal services$55 thousand
  • Inspections and regulation$52 thousand
  • Police$3 thousand
Parks, recreation and libraries
3.0%$111 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$111 thousand
Interest on debt
2.5%$93 thousand
Housing and community development
2.2%$83 thousand
Health and hospitals
0.2%$9 thousand
What's in health and hospitalsPublic health
  • Public health$9 thousand
Sent to other local governments
<0.1%$3 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$3 thousand
Environment and natural resources
<0.1%$1 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Binghamton. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town 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.