Town of Spencer — Financial Data

2,968 Population FY 2024

$255 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$498 Part-Town Per Capita Spending Outside villages only FY 2024

4.0% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

10.0 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Spencer (pop. 719). 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, 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 Spencer

Total village population: 719 (24% of town)

Village of Spencer pop. 719

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

15.5% Poverty Rate 2023

25.8% Bachelor's+ Rate 2023

6.1% Unemployment Rate 2023

77.6% Homeownership Rate 2023

Median Household Income

$70,673 (2023)

2010 2023

Per Capita Income

$33,821 (2023)

2010 2023

Median Home Value

$162,000 (2023)

2010 2023

Median Gross Rent

$1,055 (2023)

2010 2023

Median Age

37.3 (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

$1,280,000 (2024)

2011 2024

Full Value of Taxable Property

$226,848,867 (2024)

2011 2024

Debt Service

$198,542 (2024)

1995 2024

Debt Service %

4.0% (2024)

1995 2024

Town-Wide Per Capita Spending

$255 (2024)

2010 2024

Part-Town Per Capita Spending

$498 (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

10.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$2,234,746 (2024)

1995 2024

State Aid

$933,240 (2024)

1995 2024

Sales And Use Tax

$801,056 (2024)

1995 2024

Use And Sale Of Property

$125,834 (2024)

1995 2024

Federal Aid

$88,736 (2024)

1996 2024

Top Expenditures

Transportation

$3,585,370 (2024)

1995 2024

General Government

$560,113 (2024)

1995 2024

Employee Benefits

$279,894 (2024)

1995 2024

Public Safety

$238,046 (2024)

1995 2024

Community Services

$27,100 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Spencer OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Spencer OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Spencer FSMS Report 2024	FSMS_MONITORING
2023	Town of Spencer Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Spencer 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: 490379500000

School Details

Not applicable for this entity type.