Lackawanna — Financial Data

19,779 Population FY 2023

23.7% Fund Balance FY 2025

$2,250 Per-Capita Spending FY 2025

2.3% Debt Service FY 2025

3.3 Fiscal Stress FY 2024

23.3 Env. Stress FY 2024

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

22.6% Poverty Rate 2023

20.0% Bachelor's+ Rate 2023

5.6% Unemployment Rate 2023

55.1% Homeownership Rate 2023

Median Household Income

$48,185 (2023)

2010 2023

Per Capita Income

$26,448 (2023)

2010 2023

Median Home Value

$126,500 (2023)

2010 2023

Median Gross Rent

$823 (2023)

2010 2023

Median Age

38.2 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.4 (2023)

2010 2023

Financial Trends

Curated financial dashboard (1995–2025)

Fiscal Health

Available Fund Balance

$10,524,546 (2025)

2011 2025

Cash Position

$19,833,432 (2025)

1995 2025

Debt Service

$1,014,860 (2025)

1995 2025

Fund Balance %

23.7% (2025)

2011 2025

Debt Service %

2.3% (2025)

1995 2025

Per-Capita Spending

$2,250 (2025)

2010 2025

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

3.3 (2024)

2013 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

23.3 (2024)

2013 2024

Top Revenue Sources

Real Property Taxes And Assessments

$13,777,899 (2025)

1995 2025

Sales And Use Tax

$8,542,743 (2025)

1995 2025

State Aid

$8,325,719 (2025)

1995 2025

Charges For Services

$2,704,728 (2025)

1995 2025

Federal Aid

$1,469,960 (2025)

1995 2025

Top Expenditures

Public Safety

$13,722,477 (2025)

1995 2025

Employee Benefits

$11,803,329 (2025)

1995 2025

General Government

$28,868,919 (2025)

1995 2025

Transportation

$3,428,445 (2025)

1995 2025

Culture And Recreation

$1,801,308 (2025)

1995 2025

Financial Documents (56)

Year	Title	Type
2025	Lackawanna OSC Annual Financial Report 2025	OSC_AFR
2024	Lackawanna OSC Annual Financial Report 2024	OSC_AFR
2024	Lackawanna FSMS Report 2024	FSMS_MONITORING
2023	Lackawanna Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Lackawanna OSC Annual Financial Report 2023	OSC_AFR

View all 56 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: City in Erie County
OSC Code: 140225000000

School Details

Not applicable for this entity type.

Dependent Entities

Fiscally dependent entities that roll up to Lackawanna:

Lackawanna City School District (School district)