City government · Goshen County, WY

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

In the latest recorded fiscal year (ended June 30, 2024), Torrington took in $26.7 million and spent $27.2 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, water)64%State tax money14%Fines and other6.9%County and local tax money5.7%Federal tax money5.3%City taxes4.1%

What stands out

64%

of Torrington's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes4.1%

Other taxes
2.1%$564 thousand
What's in other taxesPublic utility taxes; occupation and business licenses and 1 more
  • Public utility taxes$505 thousand
  • Occupation and business licenses$40 thousand
  • Other licenses$19 thousand

Amounts are by Census tax category.

Property tax
2.0%$531 thousand

Fees for services64%

Fees for services
64%$17.1 million
What's in fees for servicesElectric power; other service charges and 6 more
  • Electric power$8.0 million
  • Other service charges$2.4 million
  • Water$2.2 million
  • Garbage collection$2.1 million
  • Sewer$1.7 million
  • Parks and recreation$398 thousand
  • Airport$210 thousand
  • Other government-run businesses$44 thousand

Amounts are by Census type of charge.

Federal tax money5.3%

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

From the federal government
5.3%$1.4 million

State tax money14%

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

From the state
14%$3.8 million

County and local tax money5.7%

Money passed on by the county or other local governments.

From the county and other local governments
5.7%$1.5 million

Fines and other6.9%

Interest, rents and other
6.4%$1.7 million
Fines
0.5%$142 thousand

Where it goes

Water, sewer, trash and utilities59%Police, fire, courts and jails15%Running the government and other costs11%Roads, transit and parking6.7%Parks, recreation and libraries5.6%All other spending3.0%

What stands out

59%

of Torrington's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
59%$16.1 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$7.8 million
  • Sewer systems$3.9 million
  • Garbage and solid waste$2.4 million
  • Water supply$2.0 million
Police, fire, courts and jails
15%$4.0 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 2 more
  • Police$3.0 million
  • Inspections and regulation$526 thousand
  • Courts and legal services$258 thousand
  • Fire protection$179 thousand
Running the government and other costs
11%$2.9 million
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)$1.5 million
  • Government buildings$656 thousand
  • Other and not broken out$407 thousand
  • Other government-run businesses$322 thousand
Roads, transit and parking
6.7%$1.8 million
What's in roads, transit and parkingRoads and highways; airports and 1 more
  • Roads and highways$1.3 million
  • Airports$443 thousand
  • Parking$121 thousand
Parks, recreation and libraries
5.6%$1.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.5 million
Health and hospitals
2.6%$719 thousand
What's in health and hospitalsPublic health
  • Public health$719 thousand
Interest on debt
0.3%$79 thousand
What's in interest on debtInterest on electric power debt; interest on general debt and 1 more
  • Interest on electric power debt$41 thousand
  • Interest on general debt$21 thousand
  • Interest on water supply debt$17 thousand
Housing and community development
<0.1%$14 thousand
Sources and moreWhere these numbers come from and what they cover

City of Torrington. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Torrington 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.