Village government · Albany County, NY

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

In the latest recorded fiscal year (ended May 31, 2022), Colonie took in $8.2 million and spent $7.8 million.

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

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Where it comes from

County and local tax money38%Fees for services (water, sewer)35%Village taxes22%Fines and other2.8%State tax money1.1%Federal tax money0.3%

What stands out

38%

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

Village taxes22%

Property tax
15%$1.3 million
Other taxes
6.8%$557 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$280 thousand
  • Other licenses$254 thousand
  • Other taxes not classified elsewhere$23 thousand

Amounts are by Census tax category.

Fees for services35%

Fees for services
35%$2.9 million
What's in fees for servicesWater; sewer and 3 more
  • Water$1.6 million
  • Sewer$1.1 million
  • Other service charges$167 thousand
  • Parks and recreation$46 thousand
  • Garbage collection$39 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$21 thousand

State tax money1.1%

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

From the state
1.1%$93 thousand

County and local tax money38%

Money passed on by the county or other local governments.

From the county and other local governments
38%$3.1 million

Fines and other2.8%

Interest, rents and other
2.8%$231 thousand

Where it goes

Water, sewer, trash and utilities51%Running the government and other costs18%Roads, transit and parking16%Police, fire, courts and jails7.9%Parks, recreation and libraries6.6%

What stands out

51%

of Colonie's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
51%$4.0 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$2.2 million
  • Sewer systems$1.1 million
  • Garbage and solid waste$619 thousand
Running the government and other costs
18%$1.4 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$907 thousand
  • Central staff services (personnel, purchasing, technology)$270 thousand
  • Government buildings$164 thousand
  • Finance, tax collection and budgeting$90 thousand
Roads, transit and parking
16%$1.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.3 million
Police, fire, courts and jails
7.9%$613 thousand
What's in police, fire, courts and jailsFire protection; inspections and regulation and 1 more
  • Fire protection$485 thousand
  • Inspections and regulation$85 thousand
  • Courts and legal services$43 thousand
Parks, recreation and libraries
6.6%$511 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$511 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Colonie. 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 Colonie 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.