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Government budget and revenue in Albany, New York: official figures

Albany's city government took in $235.48 million in total revenue in the fiscal year ended 31 December 2023, or $2,336 for each of its 100,826 residents (2024 figure in the finance file); per resident that is the 181st lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey.

City government revenue per resident
$2,336
2024
City government spending per resident
$2,447
2024
City long-term debt per resident
$866
2024

How much does Albany spend and on what?

It spent $246.72 million in the same year, $2,447 per resident, the 237th lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were police (27.4%), fire protection (17.3%) and roads and highways (9.5%) of the total.

Source: U.S. Census Bureau · saved copy

How much tax does Albany collect per resident?

Taxes raised $72.16 million ($716 per resident, the 84th lowest of 582) in the fiscal year ended 31 December 2023, 30.6% of general revenue, compared with 49.3% for all US city governments combined in 2022.

Source: U.S. Census Bureau · saved copy

What taxes does Albany rely on?

Of Albany's tax revenue in the fiscal year ended 31 December 2023, property tax made up 84.5%, selective sales taxes (on utilities, fuel, alcohol, tobacco, hotels and others) 4.7%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%; Albany's property tax share is the 119th highest of 580 US cities of 50,000 or more with reported figures in the 2024 Census survey.

Source: U.S. Census Bureau · saved copy

How much federal and state money does Albany get?

Payments from other governments made up 51.9% of Albany's city government's general revenue in the fiscal year ended 31 December 2023: 13.7% from the federal government ($319 per resident), 18.7% from the state and 19.6% from other local governments. For all US city governments in 2022 the aid share was 24.3%.

Source: U.S. Census Bureau · saved copy

How much does Albany raise from fees and utilities?

Fees and charges for services such as sewerage, trash, parks and airports brought in $8.91 million, 3.8% of general revenue (all US city governments in 2022: 20.0%).

Source: U.S. Census Bureau · saved copy

How much does Albany spend on police?

Albany's city government spent $67.50 million on police in the fiscal year ended 31 December 2023, $669 per resident (the 40th highest of 582) and 27.4% of its total spending; police took 10.3% of spending across all US city governments in 2022.

Source: U.S. Census Bureau · saved copy

How much does Albany spend on fire protection?

Fire protection cost $42.72 million, $424 per resident, in the fiscal year ended 31 December 2023.

Source: U.S. Census Bureau · saved copy

How much debt does Albany have?

At the end of the fiscal year ended 31 December 2023, Albany's city government owed $87.36 million in long-term debt, $866 per resident (the 119th lowest of 582). During the year it issued no new long-term debt and repaid $12.58 million.

Source: U.S. Census Bureau · saved copy

How much does Albany pay in interest on its debt?

Interest on debt cost $10.16 million in the fiscal year ended 31 December 2023, 4.1% of total spending.

Source: U.S. Census Bureau · saved copy

How has the Albany city budget changed?

Between the Census survey years 2022 and 2024 (not adjusted for inflation), total revenue per resident rose 11.1% from $2,101 to $2,336, spending per resident rose 14.7% to $2,447, taxes per resident fell 2.0% to $716.

Source: U.S. Census Bureau · saved copy

How Albany compares with other cities in the United States

City government total revenue per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Albany ranks 439 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total revenue per resident, 2022
436North Miami$2,112
437Fresno$2,107
438Port St. Lucie$2,102
439Albany$2,101
440Escondido$2,100
441Pembroke Pines$2,097
442Ocoee$2,096
Source: U.S. Census Bureau · saved copy

City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Albany ranks 379 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total spending per resident, 2022
376Melbourne$2,162
377Green Bay$2,154
378Rockford$2,146
379Albany$2,133
380Carmel$2,133
381College Station$2,129
382Kenosha$2,127
Source: U.S. Census Bureau · saved copy

City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Albany ranks 571 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity taxes collected per resident, 2022
568Laguna Niguel$737
569Westfield$736
570Palatine$735
571Albany$730
572Ames$728
573Clovis$728
574Oshkosh$727
Source: U.S. Census Bureau · saved copy

City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Albany ranks 16 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity spending on police per resident, 2022
13St. Louis$755
14Los Angeles$749
15Bridgeport$747
16Albany$737
17Inglewood$714
18New York$711
19White Plains$701
Source: U.S. Census Bureau · saved copy

City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Albany ranks 586 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity long-term debt outstanding per resident, end of fiscal 2022
583Simi Valley$800
584Rocky Mount$796
585Elkhart$796
586Albany$792
587Visalia$789
588Lynn$780
589Plantation$776
Source: U.S. Census Bureau · saved copy

Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Albany ranks 125 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityProperty tax as a share of city tax revenue, 2022
122Plymouth86.5%
123Billings85.9%
124Somerville85.7%
125Albany85.0%
126Rochester84.8%
127Anchorage84.0%
128Westfield83.8%
Source: U.S. Census Bureau · saved copy

Federal, state and local aid as a share of city general revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Albany ranks 35 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityFederal, state and local aid as a share of city general revenue, 2022
32Bayonne49.1%
33Providence49.0%
34Mount Prospect48.7%
35Albany48.2%
36Yonkers47.1%
37Rockford46.3%
38Newark46.1%
Source: U.S. Census Bureau · saved copy

City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Albany ranks 402 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total revenue per resident, 2024
399Holly Springs$2,350
400Jersey City$2,339
401Kenosha$2,336
402Albany$2,336
403Kent$2,330
404Huntington Beach$2,329
405St. Louis Park$2,325
Source: U.S. Census Bureau · saved copy

City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Albany ranks 346 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total spending per resident, 2024
343Roswell$2,463
344Corpus Christi$2,451
345Bozeman$2,450
346Albany$2,447
347Berwyn$2,439
348Carmel$2,432
349Vancouver$2,432
Source: U.S. Census Bureau · saved copy

City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Albany ranks 499 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity taxes collected per resident, 2024
496Palm Bay$720
497Livonia$718
498Brookhaven$716
499Albany$716
500Lakewood$714
501Lake Forest$713
502Gilbert$712
Source: U.S. Census Bureau · saved copy

City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Albany ranks 40 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity spending on police per resident, 2024
37Galveston$684
38Santa Clara$673
39Orlando$671
40Albany$669
41Boca Raton$651
42Sandy Springs$644
43Palm Beach Gardens$644
Source: U.S. Census Bureau · saved copy

City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Albany ranks 464 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity long-term debt outstanding per resident, end of fiscal 2024
461Salinas$888
462Kent$885
463Avondale$874
464Albany$866
465Parker$864
466Hanford$861
467Iowa City$861
Source: U.S. Census Bureau · saved copy

Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Albany ranks 119 of 580, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityProperty tax as a share of city tax revenue, 2024
116Westfield86.4%
117Rochester85.2%
118Plymouth84.6%
119Albany84.5%
120Noblesville84.3%
121Burnsville84.0%
122Brooklyn Park84.0%
Source: U.S. Census Bureau · saved copy

Federal, state and local aid as a share of city general revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Albany ranks 28 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityFederal, state and local aid as a share of city general revenue, 2024
25Everett52.1%
26Waterbury52.1%
27Providence52.0%
28Albany51.9%
29Collierville51.9%
30Chicopee51.7%
31Las Vegas51.1%
Source: U.S. Census Bureau · saved copy

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Sources

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