Village government · Otsego County, NY

Richfield Springs's money: where it comes from and where it goes

In the latest recorded fiscal year (ended May 31, 2022), Richfield Springs took in $1.4 million and spent $1.7 million.

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

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Where it comes from

Village taxes42%Fees for services (sewer, water)36%County and local tax money13%State tax money4.5%Fines and other4.4%

What stands out

13%

of Richfield Springs' money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Village taxes42%

Property tax
40%$540 thousand
Other taxes
2.7%$37 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$34 thousand
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services36%

Fees for services
36%$495 thousand
What's in fees for servicesSewer; water and 1 more
  • Sewer$271 thousand
  • Water$177 thousand
  • Other service charges$47 thousand

Amounts are by Census type of charge.

State tax money4.5%

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

From the state
4.5%$62 thousand

County and local tax money13%

Money passed on by the county or other local governments.

From the county and other local governments
13%$171 thousand

Fines and other4.4%

Interest, rents and other
3.5%$48 thousand
Fines
0.9%$12 thousand

Where it goes

Roads, transit and parking24%Water, sewer, trash and utilities24%Running the government and other costs18%Health and hospitals15%Police, fire, courts and jails10%All other spending8.1%

What stands out

15%

of Richfield Springs' spending goes to health services and hospitals.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
24%$419 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$419 thousand
Water, sewer, trash and utilities
24%$409 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$241 thousand
  • Water supply$168 thousand
Running the government and other costs
18%$316 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$205 thousand
  • Central staff services (personnel, purchasing, technology)$75 thousand
  • Finance, tax collection and budgeting$21 thousand
  • Government buildings$15 thousand
Health and hospitals
15%$261 thousand
What's in health and hospitalsPublic health
  • Public health$261 thousand
Police, fire, courts and jails
10%$177 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 1 more
  • Fire protection$145 thousand
  • Courts and legal services$31 thousand
  • Inspections and regulation$1 thousand
Parks, recreation and libraries
5.4%$93 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$82 thousand
  • Parks and recreation$11 thousand
Interest on debt
2.4%$42 thousand
Sent to other local governments
0.2%$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 Richfield Springs. 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 Richfield Springs 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.