City government · Rensselaer County, NY

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

In the latest recorded fiscal year (ended December 31, 2023), Troy took in $112 million and spent $126 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

City taxes28%Fees for services (water, garbage collection)23%State tax money21%County and local tax money19%Fines and other6.2%Federal tax money2.9%

What stands out

19%

of Troy's money comes from county and other local tax money.A typical U.S. city of 50,000+ people gets 0.9%.

City taxes28%

Property tax
25%$28.3 million
Other taxes
2.7%$3.1 million
What's in other taxesOther licenses; public utility taxes and 2 more
  • Other licenses$2.2 million
  • Public utility taxes$864 thousand
  • Occupation and business licenses$32 thousand
  • Amusement licenses$2 thousand

Amounts are by Census tax category.

Fees for services23%

Fees for services
23%$25.6 million
What's in fees for servicesWater; garbage collection and 4 more
  • Water$11.9 million
  • Garbage collection$4.0 million
  • Sewer$3.9 million
  • Other service charges$3.6 million
  • Parks and recreation$1.3 million
  • Parking$832 thousand

Amounts are by Census type of charge.

Federal tax money2.9%

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

From the federal government
2.9%$3.2 million

State tax money21%

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

From the state
21%$23.3 million

County and local tax money19%

Money passed on by the county or other local governments.

From the county and other local governments
19%$21.7 million

Fines and other6.2%

Interest, rents and other
5.3%$5.9 million
Fines
0.9%$1.0 million

Where it goes

Police, fire, courts and jails36%Running the government and other costs29%Water, sewer, trash and utilities18%Roads, transit and parking10%Parks, recreation and libraries4.8%All other spending2.7%

What stands out

29%

of Troy's spending goes to running the government and other costs.A typical U.S. city of 50,000+ people spends 16%.

Spending by category100%

Police, fire, courts and jails
36%$45.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$22.1 million
  • Fire protection$19.7 million
  • Inspections and regulation$2.3 million
  • Courts and legal services$1.2 million
Running the government and other costs
29%$36.1 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$23.3 million
  • Government buildings$8.3 million
  • Central staff services (personnel, purchasing, technology)$2.6 million
  • Finance, tax collection and budgeting$1.9 million
Water, sewer, trash and utilities
18%$22.6 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$14.6 million
  • Garbage and solid waste$5.8 million
  • Sewer systems$2.2 million
Roads, transit and parking
10%$12.6 million
What's in roads, transit and parkingRoads and highways; parking and 1 more
  • Roads and highways$11.8 million
  • Parking$397 thousand
  • Ports and harbors$382 thousand
Parks, recreation and libraries
4.8%$6.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$6.1 million
Housing and community development
1.7%$2.2 million
Interest on debt
0.8%$1.0 million
Health and hospitals
0.2%$223 thousand
What's in health and hospitalsPublic health
  • Public health$223 thousand
Sent to other local governments
<0.1%$3 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$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Troy. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Troy 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.