Reserves, Debt & Revenue

Where North Stonington’s money comes from, what the town owes, and what it has set aside — on the state’s uniform numbers for all 169 CT towns.

  • AUDITED FY 2013-14 → FY 2022-23
  • PULLED 2026-08-10
Total fund balance $4.5M Audited actual, FY 2022-23. CT OPM Municipal Fiscal Indicators (ej6f-y2wf).
Fund balance, share of spending 19.7%RANK 82 / 169 0.2 percentage points below the statewide median of 19.9% Total fund balance ÷ total expenditures, FY 2022-23. CT OPM Municipal Fiscal Indicators (ej6f-y2wf).
Bonded long-term debt $24.7M Audited actual, FY 2022-23. CT OPM Municipal Fiscal Indicators (ej6f-y2wf).
Debt per resident $4,777RANK 158 / 169 174% above the statewide median of $1,741 Bonded long-term debt ÷ population, FY 2022-23. CT OPM Municipal Fiscal Indicators (ej6f-y2wf). Outlier: among the 17 highest of 169 towns · 174% above the statewide median
Intergovernmental revenue share 25.4%RANK 111 / 169 4.8 percentage points above the statewide median of 20.5% Revenue from other governments ÷ total revenues, FY 2022-23. CT OPM Municipal Fiscal Indicators (ej6f-y2wf).
Before you read these charts.
  • Audited actuals — Audited actuals are what a town actually spent and received across all its governmental funds, as reported after the year closed. They are not the budget the town adopted.
  • Peer groups — A peer group is a tool for a specific question, not a verdict. A group that is right for comparing school spending can be wrong for comparing snow plowing. Where two defensible groups disagree, this site shows both.
  • Reserves, debt and long-term liabilities — Fund balance is what a town has not spent; bonded debt is what it has borrowed; pension and OPEB liabilities are what it has promised. The three are different kinds of obligation and do not add up.
  • Medians, and why the town is left out of its own — A group is summarized by its median — the middle town, not the average. The subject town is excluded from its own group median, because a town cannot be part of the benchmark it is measured against.
  • State aid — Intergovernmental revenue is money from the state and federal governments, education aid included. A town's share of it reflects state formulas as much as anything the town decides.
  • Results relative to what demographics predict — A regression across all districts predicts a district's achievement index from six family-circumstance variables. The difference between what a district earned and what was predicted is its residual: a position relative to other Connecticut districts, printed with an interval, never a grade.

Full definitions, what each measure does not support, and the source behind it: How these numbers work.

About the figures on this page. Every chart here comes from one source: the CT Office of Policy and Management’s Municipal Fiscal Indicators. The one table, statutory aid line by line, reads a second OPM dataset named beside it.
  • Coverage runs the years OPM publishes. That is the full span OPM publishes town by town as of the pull date. Later fiscal years have not been released.
  • Where a rate is compared here, the equalized rate is used, because a posted rate steps down in a town’s revaluation year.

01 What is on this page, and on what basis?

What this page covers

Connecticut publishes the same financial indicators for every town, on the same definitions. This page uses the parts of that dataset that describe the balance sheet and the revenue side rather than the spending totals: where revenue comes from, how much the town holds in reserve, what it owes, and how its spending splits between wages, employee benefits, and everything else.

Two peer groups appear throughout. Surrounding townsthe towns sharing a land border with this one. And the town’s District Reference Group — the official 2006 CT SDE grouping of school districts with similar student demographics and similar community income and education levels, used here as a demographic peer set. Each group is summarized by its median — the middle value across the towns in the group in each year, computed from each town’s own figure rather than from group totals. For an even-sized group it is the midpoint of the two middle towns, and it is not necessarily the same town from year to year. The town is excluded from its own group medians.

02 Where does the town’s money come from?

Where the Town’s Revenue Comes From

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Source: CT OPM Municipal Fiscal Indicators, ej6f-y2wf (property_tax_revenues, intergovernmental_revenues, total_revenues). See the recipe at the bottom of this page.

03 How much comes from outside the property tax?

State and Federal Aid as a Share of Revenue

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Source: CT OPM Municipal Fiscal Indicators, ej6f-y2wf (intergovernmental_revenues ÷ total_revenues). Aid includes education grants (ECS and others) that pass through the town’s books. Each peer line is the median of the individual towns’ own shares, not the ratio of the group’s median amounts.

04 Which state grants make up that aid, and how much is each one?

What the State Has Appropriated for the Town, Line by Line

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Statutory formula grants the state lists for this town, by program and state fiscal year
Program
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Source: CT OPM, Estimates of Statutory Aid to Municipalities, sdcm-adr4 — every grant column the dataset publishes (tiered_pilot, motor_vehicle_tax, supplemental_revenue_sharing, mashantucket_pequot_mohegan, supplemental_town_aid, town_aid_road, local_capital_improvement, municipal_grants_in_aid, education_cost_sharing, adult_education, special_education_and_expansion_development, district_repair_and_improvement_project, supplemental_education_aid, district_relief_and_compensatory_use_learning_aid) and its total, packaged as /data/ct_statutory_aid.json. The first total row is added here from the lines; the second is the state’s own total, printed as the check. The state describes the earlier years as actual grant amounts and the latest as an estimate under current enacted law; none is an audited receipt on the town’s books, and estimates are revised. A different basis from the chart above, which is audited intergovernmental revenue and includes federal and other grants this dataset leaves out; the two are not compared.

05 How much does the town hold in reserve?

Fund Balance — the Town’s Reserves

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Source: CT OPM Municipal Fiscal Indicators, ej6f-y2wf (total_fund_balance and unassigned, each ÷ total_expenditures). On the commonly cited 17% benchmark: the GFOA’s published general recommendation is that a government hold no less than two months — about 17% — of general fund operating revenues or expenditures as unrestricted fund balance. Neither line on this chart is that measure: unassigned balance is narrower than unrestricted (unrestricted also counts committed and assigned amounts), and this chart’s denominator is all-funds expenditures rather than general fund alone. The guideline therefore cannot be read off either line as met or unmet, and is shown here only as a sense of scale. It is a general professional guideline in any case, not a state requirement.

06 How much does the town owe?

Bonded Long-Term Debt per Resident

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Source: CT OPM Municipal Fiscal Indicators, ej6f-y2wf (bonded_long_term_debt ÷ population_state_dept_of_public_health). Nominal dollars, not inflation-adjusted. Each peer line is the median of the individual towns’ own per-resident figures.

07 What share of the budget goes to past borrowing?

Annual Debt Service as a Share of Spending

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Source: CT OPM Municipal Fiscal Indicators, ej6f-y2wf (annual_debt_service ÷ total_expenditures). Each peer line is the median of the individual towns’ own shares, not the ratio of the group’s median amounts.

08 What has been promised to employees and retirees?

Pension and Retiree-Health Liabilities per Resident

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Source: CT OPM Municipal Fiscal Indicators, ej6f-y2wf (net_pension_liability + net_opeb_liability, ÷ population), most recent year covered. Read this one carefully: these figures reflect the plans a town runs on its own books. Connecticut teachers are in the state-run Teachers’ Retirement System, whose unfunded liability sits with the state and does not appear on any town’s balance sheet, and many towns place other employees in the state MERS plan or in defined-contribution plans. A low number here means a town carries little of this obligation directly — it does not mean no obligation exists for its employees.

09 What is the money spent on?

Town Spending by Function: Wages, Benefits, Everything Else

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Source: CT OPM Municipal Fiscal Indicators — Uniform Chart of Accounts, e2qt-k238 (salaries_wages, employee_benefits, other), most recent year reported, function-level subtotal rows only so nothing is double counted.

10 How much of every pay dollar is benefits rather than pay?

Employee Benefits as a Share of Total Compensation

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Source: CT OPM Municipal Fiscal Indicators — Uniform Chart of Accounts, e2qt-k238, “Total Expenditures” row per town, most recent year reported. Towns differ in how they book some costs — a town that pays part of its benefits out of an internal service fund or charges them to a different function can report a different split for the same underlying compensation. Because of those booking differences, small gaps between towns should not be read as meaningful. Two kinds of town are omitted rather than charted at zero: those the source does not report for that year at all, and those whose filing reports wages but no employee-benefit amount at the total level (their benefit costs appear inside another category). Charting the second group at 0% would assert they spend nothing on benefits, which the source does not support, and would pull down the group median. The omitted towns are named in the box above.

Where this data comes from, and how to get it again

Everything above is downloaded from Connecticut’s open-data portal. No account, key, or vendor software is needed — the state publishes it through a public API, and the exact files this page reads are checked into the project repository.

DatasetIDCoversUsed for
Municipal Fiscal Indicators: Individual Town Data ej6f-y2wf the years OPM publishes, every CT municipality Revenue mix, aid share, fund balance, debt, liabilities
Municipal Fiscal Indicators: Uniform Chart of Accounts e2qt-k238 the years reported, by function and department Wages / benefits / other split
Estimates of Statutory Aid to Municipalities sdcm-adr4 the fiscal years OPM publishes, every grantee Statutory aid, line by line (the one table)

To pull one town by hand — paste this into a browser or a terminal, replacing TOWN NAME with the town you want. The name goes in capital letters, exactly as the state spells it (for example NEW BRITAIN), and the query returns that town’s full run of years as JSON:

https://data.ct.gov/resource/ej6f-y2wf.json?$where=town='TOWN NAME'&$order=fiscal_year_end

To rebuild every file this page uses, run the two scripts in the repository (Python 3, standard library only):

python Data/fetch_ct_ucoa.py
python Data/fetch_ct_adopted_budgets.py

The first re-downloads both fiscal-indicator datasets in full and writes a raw CSV archive of each in Data/ct_ucoa/ alongside a _PROVENANCE.txt recording the pull date and the dataset’s own vintage, plus the trimmed JSON files this page charts. The second pulls the statutory-aid file, checks every grantee’s lines against the state’s own total before writing anything, and records the result in the file’s metadata. Each script’s header documents every field and every caveat repeated above.

The files this page reads: ucoa_indicators.json · ucoa_function_detail.json · ct_ucoa_town_indicators.json (the statewide table the peer charts read) · ct_statutory_aid.json (the statutory-aid table). Each carries a metadata block with the source URL, the pull date, the dataset’s last-updated date, and the definition of every field. Method notes live in METHODOLOGY.md and data-dictionary.md in the repository.

The data behind these charts

North Stonington’s own series behind the charts on this page, as text. Each table names the dataset it came from and the year of every row. The peer towns and group medians the charts also plot are not repeated here; they are in the same source files, linked in the footer.

Reserves and debt by fiscal year

Reserves and debt by fiscal year for North Stonington, Connecticut
Fiscal year Total fund balance Unassigned fund balance Bonded long-term debt Annual debt service
FY 2013-14$1,916,995$1,536,513$902,500$567,938
FY 2014-15$2,175,010$1,805,037$600,000$328,268
FY 2015-16$2,113,982$1,911,561$300,000$309,089
FY 2016-17$2,984,470$2,557,765$0$304,532
FY 2017-18$3,639,970$3,190,247$9,783,019$119,708
FY 2018-19$3,471,053$3,239,515$21,407,628$159,285
FY 2019-20$4,033,740$3,652,552$28,087,170$1,245,165
FY 2020-21$3,706,297$3,204,741$29,109,412$1,228,014
FY 2021-22$4,426,792$4,216,621$27,329,384$1,577,786
FY 2022-23$4,537,042$4,451,986$24,672,101$1,588,088

Unassigned fund balance is the part of reserves not already committed to a purpose. It is a subset of total fund balance, not an addition to it. Source: CT OPM, Municipal Fiscal Indicators (ej6f-y2wf) - audited actuals as filed by each town.

Revenue sources by fiscal year

Revenue sources by fiscal year for North Stonington, Connecticut
Fiscal year Property tax revenues Intergovernmental revenues Total revenues
FY 2013-14$13,514,652$6,418,043$20,358,430
FY 2014-15$13,653,917$5,623,309$19,620,442
FY 2015-16$13,716,330$5,698,980$19,825,306
FY 2016-17$14,225,132$6,763,334$21,474,414
FY 2017-18$15,220,575$6,609,834$22,372,140
FY 2018-19$14,945,306$4,981,989$20,464,300
FY 2019-20$15,579,684$6,985,602$23,180,743
FY 2020-21$15,719,915$8,236,635$24,783,129
FY 2021-22$16,387,724$6,058,244$23,207,524
FY 2022-23$17,018,391$6,115,913$24,111,447

Intergovernmental revenue is money from the state and federal governments, education aid included. Property tax and intergovernmental revenue do not sum to total revenues; fees, permits and other local sources make up the rest. Source: CT OPM, Municipal Fiscal Indicators (ej6f-y2wf) - audited actuals as filed by each town.

Where North Stonington sits among all 169 Connecticut towns, FY 2022-23

Where North Stonington sits among all 169 Connecticut towns, FY 2022-23 for North Stonington, Connecticut
Measure North Stonington Rank, lowest to highest Statewide median
Total expenditures per resident$4,459106 of 169$4,217
Education expenditures per pupil$22,31076 of 169$22,590
Equalized mill rate14.07 mills38 of 16917.18 mills
Equalized net grand list per resident$235,153120 of 169$189,668
Total fund balance as a share of total expenditures19.7%82 of 16919.9%
Bonded long-term debt per resident$4,777158 of 169$1,741
Intergovernmental revenue as a share of total revenues25.4%111 of 16920.5%

A rank is a position, not a grade. Which end of the list is preferable depends on the measure and on what a reader is trying to find out. Per-pupil spending here is OPM education expenditures divided by average daily membership, which is not the state Department of Education's Net Current Expenditures Per Pupil. Source: CT OPM, Municipal Fiscal Indicators (ej6f-y2wf) - audited actuals as filed by each town. Ranks computed for FY 2022-23 across all 169 towns.