Government budget and revenue in Troy, Michigan: official figures
Troy's city government took in $165.60 million in total revenue in the fiscal year ended 30 June 2024, or $1,899 for each of its 87,201 residents (2024 figure in the finance file); per resident that is the 81st lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey.
How much does Troy spend and on what?
It spent $153.61 million in the same year, $1,762 per resident, the 88th lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were police (19.4%), the water utility (15.6%) and parks and recreation (15.4%) of the total.
Source: U.S. Census Bureau · saved copyHow much tax does Troy collect per resident?
Taxes raised $69.57 million ($798 per resident, the 120th lowest of 582) in the fiscal year ended 30 June 2024, 48.3% of general revenue, compared with 49.3% for all US city governments combined in 2022.
Source: U.S. Census Bureau · saved copyWhat taxes does Troy rely on?
Of Troy's tax revenue in the fiscal year ended 30 June 2024, property tax made up 94.2%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%; Troy's property tax share is the 67th highest of 580 US cities of 50,000 or more with reported figures in the 2024 Census survey.
Source: U.S. Census Bureau · saved copyHow much federal and state money does Troy get?
Payments from other governments made up 23.9% of Troy's city government's general revenue in the fiscal year ended 30 June 2024: 6.8% from the federal government ($112 per resident), 16.4% from the state and 0.7% from other local governments. For all US city governments in 2022 the aid share was 24.3%.
Source: U.S. Census Bureau · saved copyHow much does Troy raise from fees and utilities?
Fees and charges for services such as sewerage, trash, parks and airports brought in $30.62 million, 21.3% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $21.69 million.
Source: U.S. Census Bureau · saved copyHow much does Troy spend on police?
Troy's city government spent $29.84 million on police in the fiscal year ended 30 June 2024, $342 per resident (the 262nd lowest of 582) and 19.4% of its total spending; police took 10.3% of spending across all US city governments in 2022.
Source: U.S. Census Bureau · saved copyHow much does Troy spend on fire protection?
Fire protection cost $7.20 million, $83 per resident, in the fiscal year ended 30 June 2024.
Source: U.S. Census Bureau · saved copyHow much debt does Troy have?
At the end of the fiscal year ended 30 June 2024, Troy's city government owed $12.68 million in long-term debt, $145 per resident (the 16th lowest of 582). During the year it issued no new long-term debt and repaid $1.59 million.
Source: U.S. Census Bureau · saved copyHow much does Troy pay in interest on its debt?
Interest on debt cost $285,000 in the fiscal year ended 30 June 2024, 0.2% of total spending.
Source: U.S. Census Bureau · saved copyHow has the Troy city budget changed?
Between the Census survey years 2022 and 2024 (not adjusted for inflation), total revenue per resident rose 15.5% from $1,644 to $1,899, spending per resident rose 10.4% to $1,762, taxes per resident rose 12.6% to $798.
Source: U.S. Census Bureau · saved copyHow Troy 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))
Troy ranks 607 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.
| Rank | City | City government total revenue per resident, 2022 |
|---|---|---|
| 604 | Madison | $1,656 |
| 605 | Victoria | $1,655 |
| 606 | Palatine | $1,645 |
| 607 | Troy | $1,644 |
| 608 | Eden Prairie | $1,633 |
| 609 | Hawthorne | $1,629 |
| 610 | Concord | $1,629 |
City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 562 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.
| Rank | City | City government total spending per resident, 2022 |
|---|---|---|
| 559 | Aurora | $1,609 |
| 560 | Burnsville | $1,609 |
| 561 | Elgin | $1,607 |
| 562 | Troy | $1,595 |
| 563 | Gilbert | $1,590 |
| 564 | Winston-Salem | $1,588 |
| 565 | Arlington | $1,587 |
City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 585 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.
| Rank | City | City taxes collected per resident, 2022 |
|---|---|---|
| 582 | Modesto | $712 |
| 583 | Reno | $711 |
| 584 | Taylor | $710 |
| 585 | Troy | $708 |
| 586 | Wellington | $706 |
| 587 | Tigard | $703 |
| 588 | Gilbert | $703 |
City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 311 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.
| Rank | City | City spending on police per resident, 2022 |
|---|---|---|
| 308 | Shreveport | $338 |
| 309 | Edina | $337 |
| 310 | Bakersfield | $337 |
| 311 | Troy | $336 |
| 312 | Largo | $336 |
| 313 | Suffolk | $336 |
| 314 | Prescott Valley | $336 |
City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 701 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.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2022 |
|---|---|---|
| 698 | Pleasanton | $201 |
| 699 | Bonita Springs | $195 |
| 700 | Novi | $195 |
| 701 | Troy | $189 |
| 702 | Watsonville | $184 |
| 703 | Rochester Hills | $177 |
| 704 | Pinellas Park | $154 |
Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 57 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.
| Rank | City | Property tax as a share of city tax revenue, 2022 |
|---|---|---|
| 54 | Hoboken | 95.8% |
| 55 | Lawrence | 95.8% |
| 56 | Brockton | 95.8% |
| 57 | Troy | 95.8% |
| 58 | Green Bay | 95.8% |
| 59 | Manchester | 95.8% |
| 60 | New Bedford | 95.7% |
Federal, state and local aid as a share of city general revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 304 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.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2022 |
|---|---|---|
| 301 | Fort Collins | 20.4% |
| 302 | Sioux City | 20.4% |
| 303 | Scottsdale | 20.3% |
| 304 | Troy | 20.3% |
| 305 | Logan | 20.2% |
| 306 | Oceanside | 20.2% |
| 307 | Bowling Green | 20.1% |
City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 502 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.
| Rank | City | City government total revenue per resident, 2024 |
|---|---|---|
| 499 | Rowlett | $1,920 |
| 500 | Palatine | $1,918 |
| 501 | Minnetonka | $1,908 |
| 502 | Troy | $1,899 |
| 503 | Overland Park | $1,898 |
| 504 | Maple Grove | $1,898 |
| 505 | Sandy Springs | $1,883 |
City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 495 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.
| Rank | City | City government total spending per resident, 2024 |
|---|---|---|
| 492 | Rancho Cucamonga | $1,779 |
| 493 | Wyoming | $1,770 |
| 494 | La Habra | $1,768 |
| 495 | Troy | $1,762 |
| 496 | Kannapolis | $1,760 |
| 497 | Midwest City | $1,760 |
| 498 | Pontiac | $1,754 |
City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 463 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.
| Rank | City | City taxes collected per resident, 2024 |
|---|---|---|
| 460 | North Port | $808 |
| 461 | Laredo | $802 |
| 462 | Rio Rancho | $801 |
| 463 | Troy | $798 |
| 464 | Racine | $794 |
| 465 | Bellevue | $794 |
| 466 | Wichita | $793 |
City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 321 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.
| Rank | City | City spending on police per resident, 2024 |
|---|---|---|
| 318 | Boise City | $344 |
| 319 | Mobile | $343 |
| 320 | St. Cloud | $342 |
| 321 | Troy | $342 |
| 322 | Rancho Cucamonga | $342 |
| 323 | La Habra | $341 |
| 324 | Sanford | $340 |
City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 567 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.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2024 |
|---|---|---|
| 564 | Pontiac | $195 |
| 565 | Chico | $185 |
| 566 | Lincoln | $155 |
| 567 | Troy | $145 |
| 568 | Rochester Hills | $141 |
| 569 | Spokane Valley | $114 |
| 570 | Novi | $95 |
Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 67 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.
| Rank | City | Property tax as a share of city tax revenue, 2024 |
|---|---|---|
| 64 | Stamford | 94.5% |
| 65 | Jersey City | 94.3% |
| 66 | Trenton | 94.3% |
| 67 | Troy | 94.2% |
| 68 | Waltham | 94.2% |
| 69 | Royal Oak | 94.2% |
| 70 | Racine | 94.2% |
Federal, state and local aid as a share of city general revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 216 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.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2024 |
|---|---|---|
| 213 | Jacksonville | 23.9% |
| 214 | Rochester Hills | 23.9% |
| 215 | South Gate | 23.9% |
| 216 | Troy | 23.9% |
| 217 | Stockton | 23.8% |
| 218 | Rio Rancho | 23.8% |
| 219 | Overland Park | 23.7% |
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Sources
- U.S. Census Bureau: 2024 Annual Survey of State and Local Government Finances, individual unit files (item amounts for every sampled government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 0967c4d30466…)
- U.S. Census Bureau: 2022 Census of Governments: State and Local Government Finances, individual unit files (item amounts for every government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 c8de889f6b33…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.