Town government · Otsego County, NY

Cherry Valley's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Cherry Valley took in $2.1 million and spent $1.9 million.

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

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Where it comes from

Town taxes48%Fees for services24%County and local tax money16%State tax money8.2%Fines and other3.7%

What stands out

24%

of Cherry Valley's money comes from fees for services such as water, sewer and parking.Most U.S. townships and towns of under 10,000 people get none.

Town taxes48%

Property tax
47%$983 thousand
Other taxes
0.9%$19 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$18 thousand
  • Public utility taxes$1 thousand

Amounts are by Census tax category.

Fees for services24%

Fees for services
24%$501 thousand
What's in fees for servicesOther service charges
  • Other service charges$501 thousand

Amounts are by Census type of charge.

State tax money8.2%

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

From the state
8.2%$170 thousand

County and local tax money16%

Money passed on by the county or other local governments.

From the county and other local governments
16%$329 thousand

Fines and other3.7%

Fines
3.4%$70 thousand
Interest, rents and other
0.3%$6 thousand

Where it goes

Roads, transit and parking41%Health and hospitals31%Running the government and other costs21%Police, fire, courts and jails4.9%Interest on debt1.3%Parks, recreation and libraries1.0%

What stands out

31%

of Cherry Valley's spending goes to health services and hospitals.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
41%$759 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$759 thousand
Health and hospitals
31%$584 thousand
What's in health and hospitalsHospitals and public health
  • Hospitals$579 thousand
  • Public health$5 thousand
Running the government and other costs
21%$385 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$248 thousand
  • Government buildings$74 thousand
  • Central staff services (personnel, purchasing, technology)$34 thousand
  • Finance, tax collection and budgeting$29 thousand
Police, fire, courts and jails
4.9%$91 thousand
What's in police, fire, courts and jailsCourts and legal services
  • Courts and legal services$91 thousand
Interest on debt
1.3%$24 thousand
Parks, recreation and libraries
1.0%$19 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$10 thousand
  • Parks and recreation$9 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Cherry Valley. 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 Cherry Valley 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.