Town of Sterling — Financial Data

3,221 Population FY 2024

$311 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$257 Part-Town Per Capita Spending Outside villages only FY 2024

4.8% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

6.7 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Fair Haven (pop. 760). 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, sanitation, 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 Sterling

Total village population: 760 (24% of town)

Village of Fair Haven pop. 760

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

11.0% Poverty Rate 2023

26.7% Bachelor's+ Rate 2023

2.9% Unemployment Rate 2023

87.2% Homeownership Rate 2023

Median Household Income

$65,192 (2023)

2010 2023

Per Capita Income

$33,479 (2023)

2010 2023

Median Home Value

$150,200 (2023)

2010 2023

Median Gross Rent

$584 (2023)

2010 2023

Median Age

49.8 (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

$3,689,000 (2024)

2011 2024

Full Value of Taxable Property

$377,523,228 (2024)

2011 2024

Debt Service

$173,105 (2024)

1997 2024

Debt Service %

4.8% (2024)

1997 2024

Town-Wide Per Capita Spending

$311 (2024)

2010 2024

Part-Town Per Capita Spending

$257 (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

$1,595,954 (2024)

1995 2024

Sales And Use Tax

$1,406,856 (2024)

1995 2024

State Aid

$486,670 (2024)

1995 2024

Charges To Other Governments

$484,024 (2024)

1995 2024

Use And Sale Of Property

$410,878 (2024)

1995 2024

Top Expenditures

Transportation

$1,605,633 (2024)

1995 2024

General Government

$873,982 (2024)

1995 2024

Employee Benefits

$481,888 (2024)

1995 2024

Public Safety

$318,139 (2024)

1995 2024

Community Services

$34,718 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Sterling OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Sterling OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Sterling FSMS Report 2024	FSMS_MONITORING
2023	Town of Sterling Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Sterling 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: 050380500000

School Details

Not applicable for this entity type.