Town of Newstead — Financial Data

8,689 Population FY 2024

$250 Town-Wide Per Capita Spending All residents incl. villages FY 2024

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

8.3% Debt Service FY 2024

1.7 Fiscal Stress FY 2024

3.3 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Akron (pop. 2,888). 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: community services, debt service, employee benefits, general government, health, public safety, transportation).

Villages in Newstead

Total village population: 2,888 (33% of town)

Village of Akron pop. 2,888

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

6.2% Poverty Rate 2023

27.8% Bachelor's+ Rate 2023

4.0% Unemployment Rate 2023

79.0% Homeownership Rate 2023

Median Household Income

$70,991 (2023)

2010 2023

Per Capita Income

$39,888 (2023)

2010 2023

Median Home Value

$226,000 (2023)

2010 2023

Median Gross Rent

$747 (2023)

2010 2023

Median Age

50.1 (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

$6,944,168 (2024)

2011 2024

Full Value of Taxable Property

$1,070,348,409 (2024)

2011 2024

Debt Service

$760,265 (2024)

1997 2024

Debt Service %

8.3% (2024)

1997 2024

Town-Wide Per Capita Spending

$250 (2024)

2010 2024

Part-Town Per Capita Spending

$248 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

1.7 (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

$4,482,495 (2024)

1995 2024

Sales And Use Tax

$2,490,104 (2024)

1995 2024

Charges To Other Governments

$1,153,115 (2024)

1995 2024

State Aid

$911,229 (2024)

1995 2024

Use And Sale Of Property

$874,613 (2024)

1995 2024

Top Expenditures

Transportation

$2,180,626 (2024)

1995 2024

General Government

$2,055,489 (2024)

1995 2024

Employee Benefits

$1,349,811 (2024)

1995 2024

Culture And Recreation

$1,105,067 (2024)

1995 2024

Public Safety

$1,055,961 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Newstead OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Newstead OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Newstead FSMS Report 2024	FSMS_MONITORING
2023	Town of Newstead Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Newstead 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: 140358200000

School Details

Not applicable for this entity type.