Town government · Otsego County, NY

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

In the latest recorded fiscal year (ended December 31, 2021), Richfield took in $1.2 million and spent $1.1 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

See every government that serves your ZIP

Where it comes from

Town taxes59%County and local tax money14%State tax money12%Fines and other9.1%Fees for services (parks and recreation)4.9%

What stands out

14%

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

Town taxes59%

Property tax
57%$706 thousand
Other taxes
2.9%$36 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$31 thousand
  • Public utility taxes$5 thousand

Amounts are by Census tax category.

Fees for services4.9%

Fees for services
4.9%$61 thousand
What's in fees for servicesOther service charges and parks and recreation
  • Other service charges$60 thousand
  • Parks and recreation$1 thousand

Amounts are by Census type of charge.

State tax money12%

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

From the state
12%$154 thousand

County and local tax money14%

Money passed on by the county or other local governments.

From the county and other local governments
14%$178 thousand

Fines and other9.1%

Interest, rents and other
4.6%$58 thousand
Fines
4.5%$56 thousand

Where it goes

Roads, transit and parking58%Running the government and other costs31%Police, fire, courts and jails8.8%Parks, recreation and libraries2.0%Health and hospitals0.3%Interest on debt0.2%

What stands out

31%

of Richfield's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Roads, transit and parking
58%$624 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$624 thousand
Running the government and other costs
31%$333 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$204 thousand
  • Government buildings$50 thousand
  • Finance, tax collection and budgeting$41 thousand
  • Central staff services (personnel, purchasing, technology)$38 thousand
Police, fire, courts and jails
8.8%$95 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$53 thousand
  • Courts and legal services$42 thousand
Parks, recreation and libraries
2.0%$22 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$16 thousand
  • Libraries$6 thousand
Health and hospitals
0.3%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Interest on debt
0.2%$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Richfield. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Richfield 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.