Village government · Nassau County, NY

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

In the latest recorded fiscal year (ended May 31, 2024), Lake Success took in $22.2 million and spent $22.7 million.

Latest recorded year: ended May 31, 2024Comes fromGoes to

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Where it comes from

Village taxes54%Fees for services (parks and recreation, sewer)32%Fines and other12%Federal tax money1.4%State tax money0.2%

What stands out

50%

of Lake Success' money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes54%

Property tax
50%$11.1 million
Other taxes
4.6%$1.0 million
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$807 thousand
  • Public utility taxes$213 thousand
  • Occupation and business licenses$8 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$7.2 million
What's in fees for servicesParks and recreation; other service charges and 1 more
  • Parks and recreation$4.2 million
  • Other service charges$2.0 million
  • Sewer$925 thousand

Amounts are by Census type of charge.

Federal tax money1.4%

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

From the federal government
1.4%$322 thousand

State tax money0.2%

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

From the state
0.2%$49 thousand

Fines and other12%

Interest, rents and other
10%$2.3 million
Fines
1.2%$260 thousand

Where it goes

Running the government and other costs34%Police, fire, courts and jails29%Parks, recreation and libraries20%Roads, transit and parking10%Water, sewer, trash and utilities6.5%Interest on debt0.5%

What stands out

20%

of Lake Success' spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Running the government and other costs
34%$7.7 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$5.4 million
  • Government buildings$1.4 million
  • Finance, tax collection and budgeting$845 thousand
  • Central staff services (personnel, purchasing, technology)$21 thousand
Police, fire, courts and jails
29%$6.6 million
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$6.3 million
  • Courts and legal services$206 thousand
  • Inspections and regulation$146 thousand
Parks, recreation and libraries
20%$4.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4.4 million
Roads, transit and parking
10%$2.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.4 million
Water, sewer, trash and utilities
6.5%$1.5 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$933 thousand
  • Garbage and solid waste$531 thousand
Interest on debt
0.5%$113 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Lake Success. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended May 31, 2024.

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