Town of Palm Tree — Financial Data

32,954 Population FY 2024

$71 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$0 Part-Town Per Capita Spending Outside villages only FY 2019

9.8% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

56.7 Env. Stress FY 2024

Data comparability note: Coterminous with Village of Kiryas Joel — the town was incorporated in 2019 from part of the Town of Monroe. The village government handles most municipal services (~$44M revenue FY2024) while the town reports a much smaller budget (~$2.5M). Financial comparisons with standalone towns are misleading.

No incorporated villages in this town.

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

40.2% Poverty Rate 2023

6.1% Bachelor's+ Rate 2023

2.3% Unemployment Rate 2023

35.0% Homeownership Rate 2023

Median Household Income

$43,171 (2023)

2018 2023

Per Capita Income

$12,973 (2023)

2018 2023

Median Home Value

$685,800 (2023)

2018 2023

Median Gross Rent

$1,575 (2023)

2018 2023

Median Age

15.1 (2023)

2018 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2018 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 2015–2024

No data filed for: 2018

Fiscal Health

Debt Outstanding

$37,784 (2024)

2015 2024

Full Value of Taxable Property

$1,273,203,258 (2024)

2019 2024

Debt Service

$460,858 (2024)

2019 2024

Debt Service %

9.8% (2024)

2019 2024

Town-Wide Per Capita Spending

$71 (2024)

2019 2024

Part-Town Per Capita Spending

$0 (2019)

2019 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

0.0 (2024)

2021 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

56.7 (2024)

2021 2024

Top Revenue Sources

Real Property Taxes And Assessments

$2,799,950 (2024)

2019 2024

State Aid

$1,555,312 (2024)

2019 2024

Use And Sale Of Property

$478,452 (2024)

2019 2024

Other Local Revenues

$102,238 (2024)

2019 2024

Charges For Services

$28,744 (2024)

2019 2024

Top Expenditures

General Government

$1,895,412 (2024)

2019 2024

Sanitation

$1,445,278 (2024)

2019 2024

Transportation

$739,628 (2024)

2019 2024

Employee Benefits

$157,734 (2024)

2019 2024

Public Safety

$762 (2024)

2019 2024

Financial Documents (26)

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

View all 26 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 330363650000

School Details

Not applicable for this entity type.