Civic Finance

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

Mid-Hudson › Cities › Overlapping entities

City of Kingston

City · Ulster County · Mid-Hudson · OSC municipal code 510224000000

Population 23,942 (Census estimate 2025; 2020 base 23,959) popest-2025 ⓘ · Meeting coverage: documents

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Levy above tax cap

OSC tax cap filings: proposed levy exceeded the computed levy limit for FY 2025 (by $613,762, override planned), 2026 (by $1,693,473, override planned). Exceeding the limit requires a local law override (60% of the governing body).

Source: taxcap ⓘ

Compared with Mid-Hudson cities

IndicatorCity of KingstonPeer medianPercentilePeersBasis
Operating spending per capita$3,237$3,03364th7AFR 2025, operating funds (our calc)
Property tax per capita$895$95621st7AFR 2025 real property taxes (our calc)
Debt per capita$4,069$2,95493rd7AFR 2025 debt detail, year-end outstanding
Debt service % of operating spending9.7%9.7%50th7AFR 2025 (our calc)
State aid % of operating revenue15.9%8.2%93rd7AFR 2025 (our calc)
Sales tax % of operating revenue24.8%17.8%93rd7AFR 2025 (our calc)
Fund balance ratio (OSC FSMS)17.9%23%42nd6OSC FSMS FY2025
Operating spending growth over 5 AFR years37.8%23.2%93rd7AFR 2021–2025 (our calc)
Levy growth21.8%18.1%79th72021–2026 OSC tax tables
FSMS fiscal stress score (higher = more stress)03.417th6OSC 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$21.4M$42.9M$64.3M$85.7M2019202020212022202320242025Revenue 2019: $57.6MRevenue 2020: $54.4MRevenue 2021: $59.2MRevenue 2022: $64.6MRevenue 2023: $71.2MRevenue 2024: $83.2MRevenue 2025: $85.7MSpending 2019: $55.2MSpending 2020: $50.5MSpending 2021: $56.2MSpending 2022: $58.8MSpending 2023: $65.0MSpending 2024: $69.4MSpending 2025: $77.5M

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)
$-728k$94k$917k$1.7M$2.6M2019202020212022202320242025General fund result (incl. transfers) 2019: $-225kGeneral fund result (incl. transfers) 2020: $1.6MGeneral fund result (incl. transfers) 2021: $2.6MGeneral fund result (incl. transfers) 2022: $537kGeneral fund result (incl. transfers) 2023: $556kGeneral fund result (incl. transfers) 2024: $395kGeneral fund result (incl. transfers) 2025: $-728k

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$25.6M$51.2M$76.8M$102M2019202020212022202320242025Debt outstanding 2019: $42.8MDebt outstanding 2020: $48.0MDebt outstanding 2021: $55.7MDebt outstanding 2022: $66.5MDebt outstanding 2023: $68.8MDebt outstanding 2024: $102MDebt outstanding 2025: $97.4MDebt service 2019: $2.8MDebt service 2020: $2.7MDebt service 2021: $4.6MDebt service 2022: $3.5MDebt service 2023: $5.5MDebt service 2024: $4.4MDebt service 2025: $7.5M

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

Property tax levy (OSC tax tables) Total levy
$0k$5.4M$10.7M$16.1M$21.5M202120222023202420252026Total levy 2021: $17.7MTotal levy 2022: $17.7MTotal levy 2023: $17.6MTotal levy 2024: $18.0MTotal levy 2025: $19.6MTotal levy 2026: $21.5M

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

OSC FSMS fund balance ratio
FY202322.6%FY202415.7%FY202517.9%

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

OSC FSMS fiscal stress score (higher = more stress)
FY20195 No DesignationFY20201.7 No DesignationFY20211.7 No DesignationFY20221.7 No DesignationFY20233.3 No DesignationFY20246.7 No DesignationFY20250 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)$57,552,492$55,201,140$44,152,408$44,377,790$18,034,036$14,257,985$6,143,600$2,835,481$42,794,267afr-2019 ⓘ · debt-2019 ⓘ
OSC snapshot 2026-09-30
2020 (FYE 2020-12-31)$54,421,085$50,547,678$43,044,679$41,416,212$18,531,570$14,995,474$4,855,172$2,674,401$47,979,791afr-2020 ⓘ · debt-2020 ⓘ
OSC snapshot 2026-09-30
2021 (FYE 2021-12-31)$59,247,510$56,244,759$46,499,009$43,937,722$18,288,204$18,179,019$4,771,739$4,607,947$55,679,828afr-2021 ⓘ · debt-2021 ⓘ
OSC snapshot 2026-09-30
2022 (FYE 2022-12-31)$64,649,688$58,838,619$50,968,083$50,431,396$18,797,301$19,477,259$5,322,442$3,500,080$66,502,779afr-2022 ⓘ · debt-2022 ⓘ
OSC snapshot 2026-09-30
2023 (FYE 2023-12-31)$71,175,331$65,037,964$54,944,647$54,388,966$18,309,645$20,026,166$6,197,341$5,477,218$68,807,008afr-2023 ⓘ · debt-2023 ⓘ
OSC snapshot 2026-09-30
2024 (FYE 2024-12-31)$83,195,920$69,368,635$68,315,138$67,920,034$18,711,396$20,539,256$4,794,646$4,390,110$102,367,522afr-2024 ⓘ · debt-2024 ⓘ
OSC snapshot 2026-09-30
2025 (FYE 2025-12-31)$85,741,018$77,498,109$62,995,300$63,723,220$21,432,203$21,245,255$13,626,237$7,487,783$97,426,537afr-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$17,684,767$17,709,231$18,390,895$681,6640.1%No
2020$17,709,231$17,693,207$18,324,716$631,509-0.1%No
2021$17,693,207$17,675,495$18,289,629$614,134-0.1%No
2022$17,675,495$17,675,940$18,699,738$1,023,7980%No
2023$17,730,094$17,624,961$18,556,483$931,522-0.6%No
2024$17,624,961$17,966,969$18,509,898$542,9291.9%No
2025$17,966,969$19,562,582$18,948,820$-613,7628.9%Yes
2026$19,562,582$21,496,726$19,803,253$-1,693,4739.9%Yes

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 Designation5Moderate Environmental Stress40fsms-muni-2019 ⓘ
2020No Designation1.7Susceptible Environmental Stress33.3fsms-muni-2020 ⓘ
2021No Designation1.7No Designation13.3fsms-muni-2021 ⓘ
2022No Designation1.7No Designation0fsms-muni-2022 ⓘ
2023No Designation3.3No Designation0fsms-muni-2023 ⓘ
2024No Designation6.7No Designation6.7fsms-muni-2024 ⓘ
2025No Designation0No Designation13.3fsms-muni-2025 ⓘ

FSMS fund balance (Indicator 1): FY2023 22.6% ($12,285,840 of $54,388,966) fsms-ind1-muni-2023 ⓘ · FY2024 15.7% ($10,664,234 of $67,920,034) fsms-ind1-muni-2024 ⓘ · FY2025 17.9% ($11,399,045 of $63,723,220) fsms-ind1-muni-2025 ⓘ

No OSC audits matched by name for this entity (osc-audits ⓘ).

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 (1 meetings)

Machine transcripts; listen before citing. Meeting Insights library

Profile data as JSON: /api/entity/ulster-county/kingston.json