Town of Colonie — Financial Data

85,590 Population FY 2024

$738 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$327 Part-Town Per Capita Spending Outside villages only FY 2024

8.2% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

0.0 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Colonie (pop. 7,781), Village of Menands (pop. 4,554). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, debt service, economic development, education, employee benefits, general government, public safety, sanitation, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: community services, culture and recreation, debt service, employee benefits, general government, health, public safety, transportation).

Villages in Colonie

Total village population: 12,335 (14% of town)

Village of Colonie pop. 7,781

Village of Menands pop. 4,554

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

6.7% Poverty Rate 2023

43.6% Bachelor's+ Rate 2023

3.0% Unemployment Rate 2023

69.1% Homeownership Rate 2023

Median Household Income

$99,196 (2023)

2010 2023

Per Capita Income

$50,609 (2023)

2010 2023

Median Home Value

$299,200 (2023)

2010 2023

Median Gross Rent

$1,382 (2023)

2010 2023

Median Age

41.3 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.4 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2024

Fiscal Health

Debt Outstanding

$137,077,273 (2024)

2011 2024

Full Value of Taxable Property

$12,301,613,057 (2024)

2011 2024

Debt Service

$18,999,174 (2024)

1995 2024

Debt Service %

8.2% (2024)

1995 2024

Town-Wide Per Capita Spending

$738 (2024)

2010 2024

Part-Town Per Capita Spending

$327 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

0.0 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

0.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$72,073,460 (2024)

1995 2024

Sales And Use Tax

$69,674,578 (2024)

1995 2024

Charges For Services

$46,596,297 (2024)

1995 2024

Other Local Revenues

$10,655,124 (2024)

1995 2024

State Aid

$9,922,394 (2024)

1995 2024

Top Expenditures

Public Safety

$58,041,826 (2024)

1995 2024

Employee Benefits

$56,373,477 (2024)

1995 2024

General Government

$33,548,345 (2024)

1995 2024

Transportation

$28,167,337 (2024)

1995 2024

Culture And Recreation

$11,385,042 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Colonie OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Colonie OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Colonie FSMS Report 2024	FSMS_MONITORING
2023	Town of Colonie Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Colonie OSC Annual Financial Report 2023	OSC_TOWN_CSV_AFR

View all 84 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 010318700000

School Details

Not applicable for this entity type.