Village government · Otsego County, NY

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

In the latest recorded fiscal year (ended May 31, 2022), Milford took in $501 thousand and spent $463 thousand.

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

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Where it comes from

County and local tax money39%Fees for services (water, parks and recreation)32%Village taxes23%Federal tax money4.0%Fines and other2.8%

What stands out

39%

of Milford'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 taxes23%

Property tax
23%$113 thousand
Other taxes
0.2%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$159 thousand
What's in fees for servicesWater; parks and recreation and 1 more
  • Water$150 thousand
  • Parks and recreation$6 thousand
  • Other service charges$3 thousand

Amounts are by Census type of charge.

Federal tax money4.0%

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

From the federal government
4.0%$20 thousand

County and local tax money39%

Money passed on by the county or other local governments.

From the county and other local governments
39%$194 thousand

Fines and other2.8%

Interest, rents and other
2.8%$14 thousand

Where it goes

Police, fire, courts and jails28%Water, sewer, trash and utilities26%Running the government and other costs15%Parks, recreation and libraries11%Roads, transit and parking10%All other spending9.3%

What stands out

28%

of Milford's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
28%$130 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$130 thousand
Water, sewer, trash and utilities
26%$122 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$122 thousand
Running the government and other costs
15%$68 thousand
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$34 thousand
  • Central staff services (personnel, purchasing, technology)$15 thousand
  • Government buildings$12 thousand
  • Finance, tax collection and budgeting$7 thousand
Parks, recreation and libraries
11%$52 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$52 thousand
Roads, transit and parking
10%$48 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$48 thousand
Interest on debt
8.4%$39 thousand
Sent to other local governments
0.9%$4 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$4 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Milford. 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 Milford 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.