Government budget and revenue in Troy, New York: official figures
Troy's city government took in $112.08 million in total revenue in the fiscal year ended 31 December 2023, or $2,202 for each of its 50,895 residents (2024 figure in the finance file); per resident that is the 146th 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 $126.04 million in the same year, $2,476 per resident, the 242nd lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were police (17.5%), fire protection (15.6%) and the water utility (11.6%) of the total.
Source: U.S. Census Bureau · saved copyHow much tax does Troy collect per resident?
Taxes raised $31.37 million ($616 per resident, the 45th lowest of 582) in the fiscal year ended 31 December 2023, 31.3% 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 31 December 2023, property tax made up 90.2%, selective sales taxes (on utilities, fuel, alcohol, tobacco, hotels and others) 2.8%. 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 98th 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 48.1% of Troy's city government's general revenue in the fiscal year ended 31 December 2023: 3.2% from the federal government ($63 per resident), 23.3% from the state and 21.6% 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 $13.65 million, 13.6% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $11.93 million.
Source: U.S. Census Bureau · saved copyHow much does Troy spend on police?
Troy's city government spent $22.10 million on police in the fiscal year ended 31 December 2023, $434 per resident (the 192nd highest of 582) and 17.5% 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 $19.65 million, $386 per resident, in the fiscal year ended 31 December 2023.
Source: U.S. Census Bureau · saved copyHow much debt does Troy have?
At the end of the fiscal year ended 31 December 2023, Troy's city government owed $23.07 million in long-term debt, $453 per resident (the 46th lowest of 582). During the year it issued no new long-term debt and repaid $2.11 million.
Source: U.S. Census Bureau · saved copyHow much does Troy pay in interest on its debt?
Interest on debt cost $1.01 million in the fiscal year ended 31 December 2023, 0.8% 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 fell 15.3% from $2,599 to $2,202, spending per resident rose 2.3% to $2,476, taxes per resident fell 0.8% to $616.
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 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 government total revenue per resident, 2022 |
|---|---|---|
| 308 | Vacaville | $2,613 |
| 309 | Melbourne | $2,610 |
| 310 | Des Plaines | $2,608 |
| 311 | Troy | $2,599 |
| 312 | Bothell | $2,596 |
| 313 | Richardson | $2,587 |
| 314 | Encinitas | $2,584 |
City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 315 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 |
|---|---|---|
| 312 | Greensboro | $2,434 |
| 313 | Plainfield | $2,428 |
| 314 | Buckeye | $2,426 |
| 315 | Troy | $2,421 |
| 316 | Pleasanton | $2,420 |
| 317 | Perth Amboy | $2,418 |
| 318 | Shreveport | $2,413 |
City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 643 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 |
|---|---|---|
| 640 | Colton | $628 |
| 641 | Port St. Lucie | $626 |
| 642 | Coeur d'Alene | $622 |
| 643 | Troy | $621 |
| 644 | Naperville | $619 |
| 645 | Kissimmee | $617 |
| 646 | Tallahassee | $614 |
City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 115 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 |
|---|---|---|
| 112 | Santa Cruz | $462 |
| 113 | Livermore | $461 |
| 114 | Redlands | $460 |
| 115 | Troy | $460 |
| 116 | Carlsbad | $459 |
| 117 | Galveston | $458 |
| 118 | Stockton | $456 |
City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 648 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 |
|---|---|---|
| 645 | Moreno Valley | $507 |
| 646 | Gresham | $505 |
| 647 | Overland Park | $504 |
| 648 | Troy | $502 |
| 649 | West Jordan | $499 |
| 650 | Chino Hills | $492 |
| 651 | Columbus | $490 |
Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Troy ranks 102 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 |
|---|---|---|
| 99 | Kentwood | 91.4% |
| 100 | Janesville | 91.3% |
| 101 | Bozeman | 91.2% |
| 102 | Troy | 91.1% |
| 103 | Revere | 91.1% |
| 104 | Wyoming | 91.0% |
| 105 | Kalamazoo | 90.7% |
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 18 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 |
|---|---|---|
| 15 | Lowell | 61.7% |
| 16 | Bartlett | 60.6% |
| 17 | Fall River | 58.8% |
| 18 | Troy | 58.7% |
| 19 | Revere | 56.7% |
| 20 | Hartford | 56.5% |
| 21 | Worcester | 55.8% |
City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 437 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 |
|---|---|---|
| 434 | Port St. Lucie | $2,215 |
| 435 | Joplin | $2,208 |
| 436 | Mesa | $2,207 |
| 437 | Troy | $2,202 |
| 438 | Camarillo | $2,201 |
| 439 | Wake Forest | $2,192 |
| 440 | North Miami | $2,192 |
City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 341 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 |
|---|---|---|
| 338 | Casper | $2,483 |
| 339 | Peoria | $2,482 |
| 340 | Thornton | $2,478 |
| 341 | Troy | $2,476 |
| 342 | Brownsville | $2,476 |
| 343 | Roswell | $2,463 |
| 344 | Corpus Christi | $2,451 |
City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 538 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 |
|---|---|---|
| 535 | Dearborn Heights | $628 |
| 536 | Eagle Mountain | $624 |
| 537 | Valdosta | $619 |
| 538 | Troy | $616 |
| 539 | Pittsburg | $616 |
| 540 | Plainfield | $614 |
| 541 | Naperville | $613 |
City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 192 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 |
|---|---|---|
| 189 | North Richland Hills | $435 |
| 190 | Elkhart | $435 |
| 191 | Columbus | $434 |
| 192 | Troy | $434 |
| 193 | Charlotte | $433 |
| 194 | Fairfield | $432 |
| 195 | Hillsboro | $432 |
City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 537 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 |
|---|---|---|
| 534 | St. Cloud | $466 |
| 535 | Casper | $456 |
| 536 | Burlington | $453 |
| 537 | Troy | $453 |
| 538 | North Miami | $448 |
| 539 | Moreno Valley | $446 |
| 540 | San Bernardino | $443 |
Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Troy ranks 98 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 |
|---|---|---|
| 95 | Janesville | 90.7% |
| 96 | Lakeville | 90.6% |
| 97 | Ankeny | 90.2% |
| 98 | Troy | 90.2% |
| 99 | Apple Valley | 90.1% |
| 100 | Carmel | 90.0% |
| 101 | Boston | 89.9% |
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 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.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2024 |
|---|---|---|
| 37 | Utica | 48.8% |
| 38 | New Haven | 48.7% |
| 39 | Rockford | 48.4% |
| 40 | Troy | 48.1% |
| 41 | Bridgeport | 48.1% |
| 42 | Passaic | 47.5% |
| 43 | Des Plaines | 47.3% |
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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.