Town of Westfield — Financial Data

4,553 Population FY 2024

$284 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$479 Part-Town Per Capita Spending Outside villages only FY 2024

1.0% Debt Service FY 2024

3.3 Fiscal Stress FY 2024

23.3 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Westfield (pop. 2,910). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, 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, culture and recreation, employee benefits, general government, health, public safety, sanitation, transportation).

Villages in Westfield

Total village population: 2,910 (64% of town)

Village of Westfield pop. 2,910

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

17.1% Poverty Rate 2023

28.3% Bachelor's+ Rate 2023

5.0% Unemployment Rate 2023

72.1% Homeownership Rate 2023

Median Household Income

$46,826 (2023)

2010 2023

Per Capita Income

$32,715 (2023)

2010 2023

Median Home Value

$112,200 (2023)

2010 2023

Median Gross Rent

$687 (2023)

2010 2023

Median Age

49.7 (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

$860,000 (2024)

2011 2024

Full Value of Taxable Property

$420,158,412 (2024)

2011 2024

Debt Service

$43,409 (2024)

1997 2024

Debt Service %

1.0% (2024)

1997 2024

Town-Wide Per Capita Spending

$284 (2024)

2010 2024

Part-Town Per Capita Spending

$479 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

3.3 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

23.3 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$1,726,742 (2024)

1995 2024

Sales And Use Tax

$1,209,470 (2024)

1995 2024

State Aid

$849,669 (2024)

1995 2024

Use And Sale Of Property

$315,414 (2024)

1995 2024

Other Local Revenues

$180,637 (2024)

1995 2024

Top Expenditures

Transportation

$2,069,640 (2024)

1995 2024

General Government

$1,053,195 (2024)

1995 2024

Employee Benefits

$479,072 (2024)

1995 2024

Culture And Recreation

$308,963 (2024)

1995 2024

Public Safety

$200,162 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Westfield OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Westfield OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Westfield FSMS Report 2024	FSMS_MONITORING
2023	Town of Westfield Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Westfield 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: 060389200000

School Details

Not applicable for this entity type.