Borough government · Erie County, PA

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

In the latest recorded fiscal year (ended December 31, 2023), Waterford took in $701 thousand and spent $765 thousand.

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

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Where it comes from

Borough taxes58%Federal tax money15%State tax money10%County and local tax money9.6%Fines and other5.8%Fees for services0.9%

What stands out

22%

of Waterford's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Borough taxes58%

Property tax
25%$176 thousand
Individual income tax
22%$157 thousand
Other taxes
11%$75 thousand
What's in other taxesOccupation and business licenses; public utility licenses and 1 more
  • Occupation and business licenses$40 thousand
  • Public utility licenses$19 thousand
  • Real estate and stock transfer taxes$16 thousand

Amounts are by Census tax category.

Fees for services0.9%

Fees for services
0.9%$6 thousand
What's in fees for servicesOther service charges
  • Other service charges$6 thousand

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$108 thousand

State tax money10%

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

From the state
10%$71 thousand

County and local tax money9.6%

Money passed on by the county or other local governments.

From the county and other local governments
9.6%$67 thousand

Fines and other5.8%

Interest, rents and other
5.4%$38 thousand
Fines
0.4%$3 thousand

Where it goes

Roads, transit and parking69%Running the government and other costs18%Police, fire, courts and jails8.1%Parks, recreation and libraries5.6%

What stands out

69%

of Waterford's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
69%$526 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$526 thousand
Running the government and other costs
18%$134 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 2 more
  • Central staff services (personnel, purchasing, technology)$74 thousand
  • Government buildings$29 thousand
  • Other and not broken out$18 thousand
  • Finance, tax collection and budgeting$13 thousand
Police, fire, courts and jails
8.1%$62 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$53 thousand
  • Courts and legal services$9 thousand
Parks, recreation and libraries
5.6%$43 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$32 thousand
  • Parks and recreation$11 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Waterford. 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 Borough of Waterford 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.