City government · Albany County, NY

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

In the latest recorded fiscal year (ended December 31, 2021), Cohoes took in $27.0 million and spent $24.6 million.

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

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Where it comes from

City taxes33%County and local tax money27%State tax money18%Fees for services (water, sewer)17%Fines and other5.5%Federal tax money0.1%

What stands out

27%

of Cohoes' 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 taxes33%

Property tax
28%$7.6 million
Other taxes
4.7%$1.3 million
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$719 thousand
  • Public utility taxes$541 thousand
  • Amusement licenses$1 thousand

Amounts are by Census tax category.

Fees for services17%

Fees for services
17%$4.6 million
What's in fees for servicesWater; sewer and 4 more
  • Water$2.4 million
  • Sewer$1.9 million
  • Garbage collection$134 thousand
  • Other service charges$131 thousand
  • Parking$22 thousand
  • Parks and recreation$6 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$30 thousand

State tax money18%

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

From the state
18%$4.7 million

County and local tax money27%

Money passed on by the county or other local governments.

From the county and other local governments
27%$7.3 million

Fines and other5.5%

Interest, rents and other
5.2%$1.4 million
Fines
0.3%$71 thousand

Where it goes

Running the government and other costs40%Police, fire, courts and jails28%Water, sewer, trash and utilities19%Roads, transit and parking7.5%Interest on debt2.6%All other spending3.2%

What stands out

40%

of Cohoes' spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
40%$9.7 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$8.4 million
  • Finance, tax collection and budgeting$600 thousand
  • Central staff services (personnel, purchasing, technology)$532 thousand
  • Government buildings$250 thousand
Police, fire, courts and jails
28%$6.9 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$3.4 million
  • Fire protection$3.1 million
  • Inspections and regulation$208 thousand
  • Courts and legal services$127 thousand
Water, sewer, trash and utilities
19%$4.7 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$1.9 million
  • Garbage and solid waste$1.5 million
  • Water supply$1.4 million
Roads, transit and parking
7.5%$1.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.9 million
Interest on debt
2.6%$652 thousand
Parks, recreation and libraries
1.6%$406 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$210 thousand
  • Libraries$196 thousand
Housing and community development
1.3%$314 thousand
Health and hospitals
0.3%$73 thousand
What's in health and hospitalsPublic health
  • Public health$73 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cohoes. 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 City of Cohoes 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.