Town of Romulus — Financial Data

3,203 Population FY 2024

$171 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$207 Part-Town Per Capita Spending Outside villages only FY 2024

2.8% Debt Service FY 2024

3.3 Fiscal Stress FY 2024

16.7 Env. Stress FY 2024

No incorporated villages in this town.

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

15.5% Poverty Rate 2023

15.2% Bachelor's+ Rate 2023

2.4% Unemployment Rate 2023

71.5% Homeownership Rate 2023

Median Household Income

$73,750 (2023)

2010 2023

Per Capita Income

$23,294 (2023)

2010 2023

Median Home Value

$172,000 (2023)

2010 2023

Median Gross Rent

$1,052 (2023)

2010 2023

Median Age

35.8 (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

$2,853,000 (2024)

2011 2024

Full Value of Taxable Property

$309,502,267 (2024)

2011 2024

Debt Service

$127,566 (2024)

1997 2024

Debt Service %

2.8% (2024)

1997 2024

Town-Wide Per Capita Spending

$171 (2024)

2010 2024

Part-Town Per Capita Spending

$207 (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

16.7 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$2,064,786 (2024)

1995 2024

State Aid

$2,037,121 (2024)

1995 2024

Charges For Services

$304,120 (2024)

1995 2024

Federal Aid

$299,792 (2024)

1997 2024

Sales And Use Tax

$293,322 (2024)

1997 2024

Top Expenditures

Utilities

$1,418,748 (2024)

1997 2024

Transportation

$1,267,893 (2024)

1995 2024

General Government

$819,235 (2024)

1995 2024

Employee Benefits

$436,551 (2024)

1995 2024

Public Safety

$354,898 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Romulus OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Romulus OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Romulus FSMS Report 2024	FSMS_MONITORING
2023	Town of Romulus Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Romulus 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: 450372000000

School Details

Not applicable for this entity type.