Village government · Essex County, NY

Lake Placid's money: where it comes from and where it goes

In the latest recorded fiscal year (ended July 31, 2021), Lake Placid took in $20.1 million and spent $20.8 million.

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

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Where it comes from

Fees for services (electric power, sewer)69%Village taxes21%Federal tax money5.4%County and local tax money4.0%Fines and other0.9%State tax money0.5%

What stands out

69%

of Lake Placid's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Village taxes21%

Property tax
20%$4.0 million
Other taxes
0.7%$145 thousand
What's in other taxesOther licenses
  • Other licenses$145 thousand

Amounts are by Census tax category.

Fees for services69%

Fees for services
69%$13.8 million
What's in fees for servicesElectric power; sewer and 2 more
  • Electric power$9.4 million
  • Sewer$2.2 million
  • Water$1.4 million
  • Other service charges$726 thousand

Amounts are by Census type of charge.

Federal tax money5.4%

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

From the federal government
5.4%$1.1 million

State tax money0.5%

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

From the state
0.5%$97 thousand

County and local tax money4.0%

Money passed on by the county or other local governments.

From the county and other local governments
4.0%$809 thousand

Fines and other0.9%

Fines
0.6%$122 thousand
Interest, rents and other
0.2%$49 thousand

Where it goes

Water, sewer, trash and utilities74%Police, fire, courts and jails9.6%Roads, transit and parking6.7%Running the government and other costs5.9%Interest on debt3.6%Parks, recreation and libraries0.4%

What stands out

74%

of Lake Placid'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
74%$15.3 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$7.5 million
  • Sewer systems$6.3 million
  • Water supply$1.4 million
  • Garbage and solid waste$15 thousand
Police, fire, courts and jails
9.6%$2.0 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.3 million
  • Fire protection$568 thousand
  • Courts and legal services$99 thousand
Roads, transit and parking
6.7%$1.4 million
What's in roads, transit and parkingRoads and highways; parking and 1 more
  • Roads and highways$1.2 million
  • Parking$126 thousand
  • Public transit$14 thousand
Running the government and other costs
5.9%$1.2 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$1.2 million
  • Finance, tax collection and budgeting$31 thousand
  • Central staff services (personnel, purchasing, technology)$25 thousand
Interest on debt
3.6%$750 thousand
Parks, recreation and libraries
0.4%$77 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$77 thousand
Sources and moreWhere these numbers come from and what they cover

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

What this covers. The money of Village of Lake Placid 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.