Village government · Otsego County, NY

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

In the latest recorded fiscal year (ended May 31, 2022), Laurens took in $126 thousand and spent $111 thousand.

Latest recorded year: ended May 31, 2022Comes from Goes to

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Where it comes from

Fees for services (water, parks and recreation)79%County and local tax money8.7%Village taxes7.9%State tax money4.8%

What stands out

79%

of Laurens' 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 taxes7.9%

Property tax

6.3%$8 thousand

Other taxes

1.6%$2 thousand

What's in other taxesPublic utility taxes and other licenses

Public utility taxes$1 thousand
Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services79%

Fees for services

79%$99 thousand

What's in fees for servicesWater and parks and recreation

Water$97 thousand
Parks and recreation$2 thousand

Amounts are by Census type of charge.

State tax money4.8%

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

From the state

4.8%$6 thousand

County and local tax money8.7%

Money passed on by the county or other local governments.

From the county and other local governments

8.7%$11 thousand

Where it goes

Interest on debt42%Water, sewer, trash and utilities27%Running the government and other costs23%Roads, transit and parking3.6%Parks, recreation and libraries1.8%Sent to other local governments1.8%

What stands out

42%

of Laurens' spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Interest on debt

42%$47 thousand

Water, sewer, trash and utilities

27%$30 thousand

What's in water, sewer, trash and utilitiesWater supply

Water supply$30 thousand

Running the government and other costs

23%$26 thousand

What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more

Finance, tax collection and budgeting$17 thousand
Central staff services (personnel, purchasing, technology)$5 thousand
Other and not broken out$4 thousand

Roads, transit and parking

3.6%$4 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$4 thousand

Parks, recreation and libraries

1.8%$2 thousand

What's in parks, recreation and librariesParks and recreation

Parks and recreation$2 thousand

Sent to other local governments

1.8%$2 thousand

What's in sent to other local governmentsSent to local governments: other and not broken out

Sent to local governments: other and not broken out$2 thousand

Sources and moreWhere these numbers come from and what they cover

Village of Laurens. 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 Laurens 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.