Town of Palermo — Financial Data

3,470 Population FY 2024

$516 Town-Wide Per Capita Spending All residents incl. villages FY 2020

1.9% Debt Service FY 2020

3.3 Fiscal Stress FY 2020

26.7 Env. Stress FY 2020

No incorporated villages in this town.

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

23.9% Poverty Rate 2023

14.3% Bachelor's+ Rate 2023

2.8% Unemployment Rate 2023

87.9% Homeownership Rate 2023

Median Household Income

$68,194 (2023)

2010 2023

Per Capita Income

$29,342 (2023)

2010 2023

Median Home Value

$123,700 (2023)

2010 2023

Median Gross Rent

$1,262 (2023)

2010 2023

Median Age

36.3 (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

$216,291,568 (2024)

2011 2024

Debt Service

$71,307 (2020)

1997 2024

Debt Service %

1.9% (2020)

1997 2024

Town-Wide Per Capita Spending

$516 (2020)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

3.3 (2020)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

26.7 (2020)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$2,788,470 (2020)

1995 2024

Charges To Other Governments

$412,320 (2020)

1995 2024

Sales And Use Tax

$400,346 (2020)

1997 2024

State Aid

$289,435 (2020)

1995 2024

Other Local Revenues

$79,715 (2020)

1995 2024

Top Expenditures

Transportation

$2,145,709 (2020)

1995 2024

General Government

$614,728 (2020)

1995 2024

Employee Benefits

$612,882 (2020)

1995 2024

Public Safety

$348,197 (2020)

1995 2024

Culture And Recreation

$14,048 (2020)

1995 2024

Financial Documents (80)

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

View all 80 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 350363600000

School Details

Not applicable for this entity type.