Town of Summit — Financial Data

1,072 Population FY 2024

$1,121 Town-Wide Per Capita Spending All residents incl. villages FY 2025

0.0% Debt Service FY 2024

0.0 Fiscal Stress FY 2024

46.7 Env. Stress FY 2024

No incorporated villages in this town.

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

5.8% Poverty Rate 2023

26.8% Bachelor's+ Rate 2023

5.0% Unemployment Rate 2023

90.6% Homeownership Rate 2023

Median Household Income

$87,549 (2023)

2010 2023

Per Capita Income

$33,749 (2023)

2010 2023

Median Home Value

$147,300 (2023)

2010 2023

Median Gross Rent

$1,052 (2021)

2010 2021

Median Age

47.3 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.3 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2025

Fiscal Health

Debt Outstanding

$0 (2024)

2011 2024

Full Value of Taxable Property

$155,248,531 (2024)

2011 2024

Debt Service

$0 (2024)

1995 2024

Debt Service %

0.0% (2024)

1995 2024

Town-Wide Per Capita Spending

$1,121 (2025)

2010 2025

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

0.0 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

46.7 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$687,999 (2025)

1995 2025

State Aid

$214,200 (2025)

1995 2025

Charges To Other Governments

$114,233 (2025)

1995 2025

Sales And Use Tax

$65,628 (2025)

1997 2025

Use And Sale Of Property

$33,444 (2025)

1995 2025

Top Expenditures

Transportation

$751,391 (2025)

1995 2025

Employee Benefits

$260,399 (2025)

1995 2025

General Government

$158,234 (2025)

1995 2025

Community Services

$16,768 (2025)

1995 2025

Public Safety

$5,722 (2025)

1995 2025

Financial Documents (85)

Year	Title	Type
2025	Town of Summit OSC Annual Financial Report 2025	OSC_TOWN_CSV_AFR
2024	Town of Summit OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Summit OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Summit FSMS Report 2024	FSMS_MONITORING
2023	Town of Summit Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5

View all 85 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 430381800000

School Details

Not applicable for this entity type.