Town of Phelps — Financial Data

6,637 Population FY 2024

$253 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$735 Part-Town Per Capita Spending Outside villages only FY 2024

3.2% Debt Service FY 2024

12.9 Fiscal Stress FY 2024

6.7 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Phelps (pop. 1,851). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, debt service, employee benefits, general government, health, public safety, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: community services, culture and recreation, employee benefits, general government, health, public safety, sanitation, transportation).

Villages in Phelps

Total village population: 1,851 (28% of town)

Village of Phelps pop. 1,851

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

8.7% Poverty Rate 2023

24.4% Bachelor's+ Rate 2023

3.1% Unemployment Rate 2023

87.8% Homeownership Rate 2023

Median Household Income

$69,010 (2023)

2010 2023

Per Capita Income

$37,575 (2023)

2010 2023

Median Home Value

$152,400 (2023)

2010 2023

Median Gross Rent

$1,065 (2023)

2010 2023

Median Age

43.0 (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

$4,475,000 (2024)

2011 2024

Full Value of Taxable Property

$614,172,621 (2024)

2011 2024

Debt Service

$372,176 (2024)

1997 2024

Debt Service %

3.2% (2024)

1997 2024

Town-Wide Per Capita Spending

$253 (2024)

2010 2024

Part-Town Per Capita Spending

$735 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

12.9 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

6.7 (2024)

2012 2024

Top Revenue Sources

Sales And Use Tax

$3,817,527 (2024)

1995 2024

Real Property Taxes And Assessments

$3,405,912 (2024)

1995 2024

State Aid

$2,557,987 (2024)

1995 2024

Federal Aid

$500,464 (2024)

1997 2024

Charges For Services

$480,422 (2024)

1995 2024

Top Expenditures

Transportation

$6,196,537 (2024)

1995 2024

General Government

$2,053,902 (2024)

1995 2024

Employee Benefits

$1,045,507 (2024)

1995 2024

Public Safety

$779,886 (2024)

1995 2024

Utilities

$437,921 (2024)

1997 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Phelps OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Phelps OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Phelps FSMS Report 2024	FSMS_MONITORING
2023	Town of Phelps Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Phelps 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: 320365800000

School Details

Not applicable for this entity type.