Town of Shelter Island — Financial Data

3,253 Population FY 2024

$4,397 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$468 Part-Town Per Capita Spending Outside villages only FY 2024

1.0% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

6.7 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Dering Harbor (pop. 50). 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, transportation, utilities). 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 Shelter Island

Total village population: 50 (2% of town)

Village of Dering Harbor pop. 50

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

5.7% Poverty Rate 2023

56.7% Bachelor's+ Rate 2023

3.3% Unemployment Rate 2023

90.8% Homeownership Rate 2023

Median Household Income

$128,976 (2023)

2010 2023

Per Capita Income

$63,652 (2023)

2010 2023

Median Home Value

$1,031,100 (2023)

2010 2023

Median Gross Rent

$1,618 (2019)

2010 2019

Median Age

43.5 (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

$5,249,279,789 (2024)

2011 2024

Debt Service

$339,822 (2024)

1995 2024

Debt Service %

1.0% (2024)

1995 2024

Town-Wide Per Capita Spending

$4,397 (2024)

2010 2024

Part-Town Per Capita Spending

$468 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

0.0 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

6.7 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$23,645,018 (2024)

1995 2024

Charges For Services

$3,454,833 (2024)

1995 2024

Other Non Property Taxes

$3,408,522 (2024)

1995 2024

Use And Sale Of Property

$2,215,394 (2024)

1995 2024

State Aid

$1,950,602 (2024)

1995 2024

Top Expenditures

Employee Benefits

$8,671,371 (2024)

1995 2024

General Government

$7,815,631 (2024)

1995 2024

Public Safety

$7,213,630 (2024)

1995 2024

Transportation

$3,264,186 (2024)

1995 2024

Community Services

$3,029,726 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Shelter Island OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Shelter Island OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Shelter Island FSMS Report 2024	FSMS_MONITORING
2023	Town of Shelter Island Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Shelter Island 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: 470377300000

School Details

Not applicable for this entity type.