Town of Butternuts (Otsego County) — Financial Data

1,665 Population FY 2024

$328 Town-Wide Per Capita Spending All residents incl. villages FY 2019

$272 Part-Town Per Capita Spending Outside villages only FY 2019

7.3% Debt Service FY 2019

0.0 Fiscal Stress FY 2019

36.7 Socio-Dem. Stress FY 2019

Data comparability note: Contains villages: Village of Gilbertsville (pop. 308). 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, sanitation, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: debt service, employee benefits, general government, health, public safety, transportation).

Villages in Butternuts (Otsego County)

Total village population: 308 (18% of town)

Village of Gilbertsville (Otsego County) pop. 308

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

12.2% Poverty Rate 2023

34.0% Bachelor's+ Rate 2023

4.3% Unemployment Rate 2023

93.9% Homeownership Rate 2023

Median Household Income

$80,313 (2023)

2010 2023

Per Capita Income

$39,955 (2023)

2010 2023

Median Home Value

$178,300 (2023)

2010 2023

Median Gross Rent

$1,121 (2023)

2010 2023

Median Age

45.2 (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

$181,187,287 (2024)

2011 2024

Debt Service

$157,875 (2019)

1995 2024

Debt Service %

7.3% (2019)

1995 2024

Town-Wide Per Capita Spending

$312 (2019)

2010 2024

Part-Town Per Capita Spending

$271 (2019)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

0.0 (2019)

2012 2024

Socio-Demographic Stress Score (OSC)

0 = no stress · 100 = significant stress

36.7 (2019)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$1,782,724 (2019)

1995 2024

State Aid

$372,305 (2019)

1995 2024

Sales And Use Tax

$260,152 (2019)

1995 2024

Other Local Revenues

$97,929 (2019)

1995 2024

Other Real Property Tax Items

$10,044 (2019)

1995 2024

Top Expenditures

Transportation

$1,252,008 (2019)

1995 2024

General Government

$392,896 (2019)

1995 2024

Employee Benefits

$149,474 (2019)

1995 2024

Public Safety

$131,803 (2019)

1995 2024

Culture And Recreation

$63,016 (2019)

1995 2024

Financial Documents (79)

Year	Title	Type
2024	Town of Butternuts OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Butternuts FSMS Report 2024	FSMS_MONITORING
2023	Town of Butternuts (Otsego County) Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Butternuts OSC Annual Financial Report 2023	OSC_TOWN_AFR
2023	Town of Butternuts FSMS Report 2023	FSMS_MONITORING

View all 79 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 360310600000

School Details

Not applicable for this entity type.