Town of Groton — Financial Data

5,746 Population FY 2024

$267 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$276 Part-Town Per Capita Spending Outside villages only FY 2024

0.0% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

10.0 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Groton (pop. 2,145). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, debt service, economic development, employee benefits, general government, health, public safety, sanitation, social services, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: culture and recreation, economic development, employee benefits, general government, public safety, sanitation, transportation).

Villages in Groton

Total village population: 2,145 (37% of town)

Village of Groton pop. 2,145

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

9.5% Poverty Rate 2023

21.0% Bachelor's+ Rate 2023

2.9% Unemployment Rate 2023

74.5% Homeownership Rate 2023

Median Household Income

$66,817 (2023)

2010 2023

Per Capita Income

$34,403 (2023)

2010 2023

Median Home Value

$164,100 (2023)

2010 2023

Median Gross Rent

$955 (2023)

2010 2023

Median Age

44.2 (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

$0 (2024)

2011 2024

Full Value of Taxable Property

$371,877,350 (2024)

2011 2024

Debt Service

$0 (2024)

1997 2024

Debt Service %

0.0% (2024)

1997 2024

Town-Wide Per Capita Spending

$267 (2024)

2010 2024

Part-Town Per Capita Spending

$276 (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

10.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$3,443,834 (2024)

1995 2024

Sales And Use Tax

$1,042,313 (2024)

1997 2024

State Aid

$629,919 (2024)

1995 2024

Charges To Other Governments

$333,513 (2024)

1995 2024

Federal Aid

$303,474 (2024)

1996 2024

Top Expenditures

Transportation

$2,792,739 (2024)

1995 2024

General Government

$1,091,106 (2024)

1995 2024

Employee Benefits

$604,196 (2024)

1995 2024

Public Safety

$599,631 (2024)

1995 2024

Culture And Recreation

$117,176 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Groton OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Groton OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Groton FSMS Report 2024	FSMS_MONITORING
2023	Town of Groton Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Groton 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: 500335200000

School Details

Not applicable for this entity type.