Town of Herkimer — Financial Data

9,566 Population FY 2024

$228 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$357 Part-Town Per Capita Spending Outside villages only FY 2024

7.6% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

3.3 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Herkimer (pop. 7,234). 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, 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, sanitation, transportation).

Villages in Herkimer

Total village population: 7,234 (76% of town)

Village of Herkimer pop. 7,234

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

16.1% Poverty Rate 2023

20.5% Bachelor's+ Rate 2023

5.7% Unemployment Rate 2023

60.9% Homeownership Rate 2023

Median Household Income

$61,855 (2023)

2010 2023

Per Capita Income

$34,334 (2023)

2010 2023

Median Home Value

$135,300 (2023)

2010 2023

Median Gross Rent

$821 (2023)

2010 2023

Median Age

47.0 (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

$1,028,412 (2024)

2011 2024

Full Value of Taxable Property

$512,393,929 (2024)

2011 2024

Debt Service

$496,501 (2024)

1995 2024

Debt Service %

7.6% (2024)

1995 2024

Town-Wide Per Capita Spending

$228 (2024)

2010 2024

Part-Town Per Capita Spending

$357 (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

3.3 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$3,108,243 (2024)

1995 2024

Sales And Use Tax

$974,859 (2024)

1995 2024

State Aid

$707,685 (2024)

1995 2024

Charges For Services

$478,738 (2024)

1995 2024

Federal Aid

$474,050 (2024)

1997 2024

Top Expenditures

Transportation

$2,285,241 (2024)

1995 2024

Employee Benefits

$1,292,084 (2024)

1995 2024

General Government

$1,280,335 (2024)

1995 2024

Culture And Recreation

$751,885 (2024)

1995 2024

Utilities

$292,471 (2024)

1997 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Herkimer OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Herkimer OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Herkimer FSMS Report 2024	FSMS_MONITORING
2023	Town of Herkimer Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Herkimer 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: 210338900000

School Details

Not applicable for this entity type.