Town of Hanover — Financial Data

6,972 Population FY 2024

$338 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$248 Part-Town Per Capita Spending Outside villages only FY 2024

5.2% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

0.0 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Silver Creek (pop. 2,617). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, debt service, employee benefits, general government, public safety, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: community services, culture and recreation, employee benefits, general government, health, public safety, transportation).

Villages in Hanover

Total village population: 2,617 (38% of town)

Village of Silver Creek pop. 2,617

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

14.1% Poverty Rate 2023

22.5% Bachelor's+ Rate 2023

5.9% Unemployment Rate 2023

79.6% Homeownership Rate 2023

Median Household Income

$66,540 (2023)

2010 2023

Per Capita Income

$32,189 (2023)

2010 2023

Median Home Value

$133,400 (2023)

2010 2023

Median Gross Rent

$1,002 (2023)

2010 2023

Median Age

48.9 (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

$10,382,821 (2024)

2011 2024

Full Value of Taxable Property

$635,358,219 (2024)

2011 2024

Debt Service

$473,929 (2024)

1995 2024

Debt Service %

5.2% (2024)

1995 2024

Town-Wide Per Capita Spending

$338 (2024)

2010 2024

Part-Town Per Capita Spending

$248 (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

$3,657,687 (2024)

1995 2024

Sales And Use Tax

$3,056,141 (2024)

1995 2024

Charges For Services

$1,135,072 (2024)

1995 2024

State Aid

$1,036,648 (2024)

1995 2024

Use And Sale Of Property

$843,264 (2024)

1995 2024

Top Expenditures

Transportation

$2,896,558 (2024)

1995 2024

General Government

$1,856,512 (2024)

1995 2024

Employee Benefits

$1,175,159 (2024)

1995 2024

Public Safety

$1,131,592 (2024)

1995 2024

Utilities

$654,377 (2024)

1997 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Hanover OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Hanover OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Hanover FSMS Report 2024	FSMS_MONITORING
2023	Town of Hanover Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Hanover 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: 060337000000

School Details

Not applicable for this entity type.