Civic Finance

Budgets, levies, debt, fund balance and fiscal-stress data for local governments and school districts, straight from state filings.

Mid-Hudson › Towns › Overlapping entities

Town of Putnam Valley

Town · Putnam County · Mid-Hudson · OSC municipal code 370369600000

Population 11,762 (Census estimate 2025; 2020 base 11,733) popest-2025 ⓘ · Meeting coverage: documents

Flags

Rapid debt growth our calculation

Debt outstanding rose from $2,617,000 (2022) to $12,945,000 (2025), +395%.

Source: debt-2022 ⓘ · debt-2025 ⓘ

Compared with Mid-Hudson towns

IndicatorTown of Putnam ValleyPeer medianPercentilePeersBasis
Operating spending per capita$1,430$1,10670th114AFR 2025, operating funds (our calc)
Property tax per capita$1,061$57981st114AFR 2025 real property taxes (our calc)
Debt per capita$1,101$41584th97AFR 2025 debt detail, year-end outstanding
Debt service % of operating spending5.2%3.9%68th114AFR 2025 (our calc)
State aid % of operating revenue6.7%10.6%24th114AFR 2025 (our calc)
Sales tax % of operating revenue0%7.1%16th114AFR 2025 (our calc)
Fund balance ratio (OSC FSMS)20%40.1%19th104OSC FSMS FY2025
Operating spending growth over 5 AFR years25.3%27.3%39th111AFR 2021–2025 (our calc)
Levy growth11.4%14.4%38th1142021–2026 OSC tax tables
FSMS fiscal stress score (higher = more stress)6.73.369th97OSC FSMS FY2025

Percentile = share of same-class peers in the region with a lower value. A high or low percentile is context, not a judgment. Sales tax for towns and villages is county distribution revenue.

Five-year picture

Operating funds: revenue vs. spending RevenueSpending
$0k$4.4M$8.8M$13.2M$17.6M2019202020212022202320242025Revenue 2019: $13.6MRevenue 2020: $13.0MRevenue 2021: $14.5MRevenue 2022: $15.3MRevenue 2023: $15.6MRevenue 2024: $17.6MRevenue 2025: $16.7MSpending 2019: $13.2MSpending 2020: $12.5MSpending 2021: $13.4MSpending 2022: $14.5MSpending 2023: $14.4MSpending 2024: $17.3MSpending 2025: $16.8M

Our calculation from OSC AFR account data: all funds except custodial (T*), capital projects (H), fixed-asset (K) and long-term debt (W) groups, excluding interfund transfers and debt proceeds.

General fund surplus / deficit General fund result (incl. transfers)
$-164k$81k$325k$570k$814k2019202020212022202320242025General fund result (incl. transfers) 2019: $193kGeneral fund result (incl. transfers) 2020: $-65kGeneral fund result (incl. transfers) 2021: $814kGeneral fund result (incl. transfers) 2022: $-164kGeneral fund result (incl. transfers) 2023: $95kGeneral fund result (incl. transfers) 2024: $190kGeneral fund result (incl. transfers) 2025: $470k

OSC AFR, fund A, revenues and other sources minus expenditures and other uses (our calculation). Planned use of fund balance appears as a deficit.

Debt Debt outstandingDebt service
$0k$3.2M$6.5M$9.7M$12.9M2019202020212022202320242025Debt outstanding 2019: $2.8MDebt outstanding 2020: $2.6MDebt outstanding 2021: $3.0MDebt outstanding 2022: $2.6MDebt outstanding 2023: $11.7MDebt outstanding 2024: $10.2MDebt outstanding 2025: $12.9MDebt service 2019: $277kDebt service 2020: $318kDebt service 2021: $361kDebt service 2022: $439kDebt service 2023: $138kDebt service 2024: $561kDebt service 2025: $883k

Year-end debt outstanding (OSC AFR debt detail) and debt service expenditures (OSC AFR).

Property tax levy (OSC tax tables) Total levy
$0k$3.2M$6.3M$9.5M$12.7M202120222023202420252026Total levy 2021: $11.4MTotal levy 2022: $11.6MTotal levy 2023: $11.8MTotal levy 2024: $12.0MTotal levy 2025: $12.4MTotal levy 2026: $12.7M

Levy as reported in OSC's annual tax tables for the year shown.

OSC FSMS fund balance ratio
FY202327.8%FY202419.1%FY202520.0%

Assigned + unassigned general fund balance ÷ gross expenditures, as computed by OSC.

OSC FSMS fiscal stress score (higher = more stress)
FY20190 No DesignationFY20200 No DesignationFY20210 No DesignationFY20220 No DesignationFY20230 No DesignationFY20243.3 No DesignationFY20256.7 No Designation

OSC's own scores and designations. 'Not filed' rows mean the AFR was not filed in time to be scored.

Annual Financial Report series

YearOperating revenueOperating spendingGF revenue (incl. transfers)GF spending (incl. transfers)Property taxSales taxState aidDebt serviceDebt outstandingSource
2019 (FYE 2019-12-31)$13,620,268$13,200,940$5,681,031$5,487,776$10,922,308$0$630,696$277,034$2,778,368afr-2019 ⓘ · debt-2019 ⓘ
OSC snapshot 2026-09-30
2020 (FYE 2020-12-31)$13,014,158$12,512,593$5,018,736$5,083,776$11,244,152$0$705,057$318,123$2,594,265afr-2020 ⓘ · debt-2020 ⓘ
OSC snapshot 2026-09-30
2021 (FYE 2021-12-31)$14,530,811$13,428,299$6,001,213$5,186,731$11,411,017$0$1,220,995$360,604$2,984,336afr-2021 ⓘ · debt-2021 ⓘ
OSC snapshot 2026-09-30
2022 (FYE 2022-12-31)$15,306,554$14,498,286$5,936,580$6,100,695$11,637,637$0$1,080,030$439,425$2,617,000afr-2022 ⓘ · debt-2022 ⓘ
OSC snapshot 2026-09-30
2023 (FYE 2023-12-31)$15,557,034$14,425,037$6,255,520$6,160,787$11,898,919$0$958,414$138,312$11,688,000afr-2023 ⓘ · debt-2023 ⓘ
OSC snapshot 2026-09-30
2024 (FYE 2024-12-31)$17,637,928$17,262,306$8,274,339$8,084,110$12,108,778$509,859$1,001,045$561,445$10,194,000afr-2024 ⓘ · debt-2024 ⓘ
OSC snapshot 2026-09-30
2025 (FYE 2025-12-31)$16,681,232$16,821,670$7,134,948$6,664,464$12,481,084$0$1,112,069$882,552$12,945,000afr-2025 ⓘ · debt-2025 ⓘ
OSC snapshot 2026-09-30

Operating and property-tax figures are our sums of OSC account-level data (independent calculation, not OSC's own totals); GF = general fund (A).

Tax cap filings (OSC)

Fiscal yearPrior levyProposed levyLevy limitLimit minus proposedLevy growthOverride planned
2019$10,591,594$10,892,327$10,833,430$-58,8972.8%Yes
2020$10,892,327$11,206,378$11,110,174$-96,2042.9%Yes
2021$11,206,378$11,379,749$11,413,065$33,3161.6%No
2022$11,379,749$11,604,618$11,651,107$46,4892%No
2023$11,604,618$11,821,015$11,932,914$111,8991.9%No
2024$11,821,015$12,019,691$12,218,479$198,7881.7%No
2025$12,019,691$12,395,212$12,499,690$104,4783.1%No
2026$12,395,212$12,674,503$12,765,295$90,7922.3%No

Source: taxcap ⓘ, snapshot 10/09/2026. Highlighted rows: proposed levy above the computed limit. Filings are as submitted to OSC before budget adoption; a later fiscal year that has not been filed yet does not appear.

OSC Fiscal Stress Monitoring System

FYStress designationFiscal scoreEnvironmental ratingEnv. scoreSource
2019No Designation0No Designation23.3fsms-muni-2019 ⓘ
2020No Designation0No Designation23.3fsms-muni-2020 ⓘ
2021No Designation0No Designation20fsms-muni-2021 ⓘ
2022No Designation0No Designation13.3fsms-muni-2022 ⓘ
2023No Designation0No Designation0fsms-muni-2023 ⓘ
2024No Designation3.3No Designation0fsms-muni-2024 ⓘ
2025No Designation6.7No Designation0fsms-muni-2025 ⓘ

FSMS fund balance (Indicator 1): FY2023 27.8% ($3,173,652 of $11,420,547) fsms-ind1-muni-2023 ⓘ · FY2024 19.1% ($2,705,393 of $14,148,896) fsms-ind1-muni-2024 ⓘ · FY2025 20% ($2,566,978 of $12,862,335) fsms-ind1-muni-2025 ⓘ

OSC audits (1)

Source: osc-audits ⓘ. Matched by entity name in the report title.

In meetings

Context only. These links point to meetings where budget, levy, fund balance, debt or audits came up; they are not used in any figure above.

Budget and audit moments in meeting transcripts (2 meetings)

Machine transcripts; listen before citing. Meeting Insights library

Profile data as JSON: /api/entity/putnam-county/putnam-valley.json