Village government · St Lawrence County, NY

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

In the latest recorded fiscal year (ended May 31, 2024), Potsdam took in $11.0 million and spent $12.5 million.

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

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Where it comes from

Village taxes61%Fees for services (sewer, water)30%Fines and other4.4%State tax money3.8%Federal tax money1.4%

What stands out

56%

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

Village taxes61%

Property tax
56%$6.2 million
Other taxes
4.4%$490 thousand
What's in other taxesOther licenses
  • Other licenses$490 thousand

Amounts are by Census tax category.

Fees for services30%

Fees for services
30%$3.3 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$1.5 million
  • Water$1.4 million
  • Garbage collection$189 thousand
  • Parks and recreation$104 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%$156 thousand

State tax money3.8%

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

From the state
3.8%$420 thousand

Fines and other4.4%

Interest, rents and other
4.2%$465 thousand
Fines
0.2%$26 thousand

Where it goes

Water, sewer, trash and utilities34%Running the government and other costs32%Police, fire, courts and jails17%Roads, transit and parking8.2%Interest on debt5.1%Parks, recreation and libraries4.2%

What stands out

5.1%

of Potsdam's 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%

Water, sewer, trash and utilities
34%$4.2 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 2 more
  • Sewer systems$2.2 million
  • Water supply$1.3 million
  • Electric power$533 thousand
  • Garbage and solid waste$200 thousand
Running the government and other costs
32%$4.0 million
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$2.6 million
  • Central staff services (personnel, purchasing, technology)$1.3 million
Police, fire, courts and jails
17%$2.1 million
What's in police, fire, courts and jailsPolice
  • Police$2.1 million
Roads, transit and parking
8.2%$1.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.0 million
Interest on debt
5.1%$633 thousand
Parks, recreation and libraries
4.2%$530 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$530 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Potsdam. 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 Potsdam 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.