Town of Montgomery — Financial Data

23,322 Population FY 2024

$261 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$934 Part-Town Per Capita Spending Outside villages only FY 2024

3.5% Debt Service FY 2024

9.6 Fiscal Stress FY 2024

20.0 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Maybrook (pop. 3,150), Village of Montgomery (pop. 3,834), Village of Walden (pop. 6,818). 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, health, public safety, sanitation, social services, 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 Montgomery

Total village population: 13,802 (59% of town)

Village of Maybrook pop. 3,150

Village of Montgomery pop. 3,834

Village of Walden pop. 6,818

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

10.5% Poverty Rate 2023

28.2% Bachelor's+ Rate 2023

4.2% Unemployment Rate 2023

68.9% Homeownership Rate 2023

Median Household Income

$98,360 (2023)

2010 2023

Per Capita Income

$42,141 (2023)

2010 2023

Median Home Value

$329,000 (2023)

2010 2023

Median Gross Rent

$1,550 (2023)

2010 2023

Median Age

39.4 (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

$11,472,456 (2024)

2011 2024

Full Value of Taxable Property

$3,558,633,233 (2024)

2011 2024

Debt Service

$1,439,923 (2024)

1995 2024

Debt Service %

3.5% (2024)

1995 2024

Town-Wide Per Capita Spending

$261 (2024)

2010 2024

Part-Town Per Capita Spending

$934 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

9.6 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

20.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$14,648,121 (2024)

1995 2024

Federal Aid

$9,572,869 (2024)

1996 2024

Charges For Services

$4,438,372 (2024)

1995 2024

Sales And Use Tax

$4,031,562 (2024)

1995 2024

State Aid

$2,472,402 (2024)

1995 2024

Top Expenditures

Public Safety

$8,733,745 (2024)

1995 2024

Economic Development

$8,459,755 (2024)

1995 2024

Employee Benefits

$7,504,955 (2024)

1995 2024

General Government

$6,602,057 (2024)

1995 2024

Transportation

$6,013,258 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Montgomery OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Montgomery OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Montgomery FSMS Report 2024	FSMS_MONITORING
2023	Town of Montgomery Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Montgomery 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: 330354500000

School Details

Not applicable for this entity type.