Florence · FY2021 municipal finance benchmarks

Name: Florence, CO municipal finance benchmarks
Creator: Orivian
License: https://creativecommons.org/licenses/by/4.0/

Fremont County · Southern Colorado · statutory city · Pop. 3,856 (2025 estimate); FY2021 per-resident figures use 3,897 · Census finance data FY2016, FY2021, FY2023

You’re viewing FY2021. See the latest view (FY2023). Latest Census Bureau finance data for Florence: FY2023. Retrieved Oct 2026. Newer years are added when the Census Bureau publishes them. Why the lag?

City website (opens in a new tab)

Fiscal yearCompare

FY2021 in brief

Florence collected $1,567 per resident (including city-run utilities), 37% below the median of the 227 Colorado municipalities reporting that year, 69% below its peers. Tax revenue per resident sits 75% below its peers, and 39% below the state median.

Generated from the figures below. Every number links to its Census source.

Compared with

Nearest on population, household income and region

Revenue per resident (definition)

$1,567

69% below peers

Includes city-owned utilities

Peer median: $5,112
CO median · 227 with a published figure Median of the 227 Colorado municipalities with FY2021 Census finance data. In FY2016 and FY2021 the Census covers every municipality; in other years it surveys a sample, mostly larger cities.: $2,476
Position: Higher than 23% of the 227 reporting
5-year changenominal dollars: −3.2%/yr

How Colorado compares on revenue per resident

Expenditures per resident (definition)

$3,837

in line with peers

Includes city-owned utilities

Peer median: $3,924
CO median · 220 with a published figure Median of the 220 Colorado municipalities with FY2021 Census finance data. In FY2016 and FY2021 the Census covers every municipality; in other years it surveys a sample, mostly larger cities.: $2,208
Position: Higher than 79% of the 220 reporting
5-year changenominal dollars: +17.0%/yr

Tax revenue per resident (definition)

$652

75% below peers

Peer median: $2,645
CO median · 201 with a published figure Median of the 201 Colorado municipalities with FY2021 Census finance data. In FY2016 and FY2021 the Census covers every municipality; in other years it surveys a sample, mostly larger cities.: $1,072
Position: Higher than 24% of the 201 reporting
5-year changenominal dollars: +5.6%/yr

Debt per resident (definition)

$3,532

in line with peers

Peer median: $3,691
CO median · 199 with a published figure Median of the 199 Colorado municipalities with FY2021 Census finance data. In FY2016 and FY2021 the Census covers every municipality; in other years it surveys a sample, mostly larger cities.: $1,411
Position: Higher than 81% of the 199 reporting
5-year changenominal dollars: −0.3%/yr

How Colorado compares on debt per resident

How this number was calculated

Revenue per resident · $1,567

Reported by the city to the Census Bureau

1Metric
$1,567 Total revenue divided by population
= Total revenue ÷ population
Full definition: Revenue per resident
2Inputs
Total revenue $6.1M ÷ population 3,897 (2021 estimate)
3Census line items
- A61 Parks & recreation charges
- A81 Solid waste charges
- A91 Water utility charges
- B89 Federal aid
- C89 State aid
- T01 Property tax
- T09 General sales tax
- T15 Selective sales taxes (lodging, utilities, etc.)
- T24 Licenses & permits
- T28 Licenses & permits
4Source file
- Annual Survey of State & Local Government Finances 2022 - Individual Unit File
  Value for
  FY2021
  Survey file
  2022
  The 2022 Census survey covers fiscal years ending July 1, 2021 through June 30, 2022, so a fiscal year ending December 31, 2021 is FY2021.
  Retrieved October 12, 2026 · View source: Annual Survey of State & Local Government Finances 2022 - Individual Unit File (opens in a new tab)
- Population Estimates Program, Vintage 2025 - incorporated places
  Value for
  FY2021
  Source year
  2025
  Retrieved October 7, 2026 · View source: Population Estimates Program, Vintage 2025 - incorporated places (opens in a new tab)

What the numbers mean

Florence runs city-owned utilities, which add 44.8% of its revenue. Cities that don't run utilities will look lower on revenue and spending per resident for that reason alone. What counts as utility revenue
With about 3,897 residents, small changes in Florence's budget move per-resident figures a lot. Compare several years, not one.

Where the money comes from and where it goes

Per resident, FY2021. Bars show Florence; the gold tick is the peer median. How categories work

The biggest difference from peers is General government: $2,222 per resident, 80% above the peer median. On the revenue side, sales tax is 73% below peers.

Money in

Revenue

$1,567

per resident69% below peers

Money in: Florence revenue per resident by category, FY2021, against the peer median. Open a category for its lines and Census item codes.
Category	Per resident	Peer median	vs peers	Share of revenue
	$703	$385	82% above peerspeers $385	45%

Water utility charges $703 · peers $384 Revenue of city-owned water, electric, gas and transit systems. Census line items A91 Water utility charges
	$435	$1,616	73% below peerspeers $1,616	28%

General sales tax $435 · peers $1,616 General sales and use tax. Census line items T09 General sales tax
	$158	$203	22% below peerspeers $203	10%

Property tax $158 · peers $203 Property tax levied by the municipality. Census line items T01 Property tax
	$156	$837	81% below peerspeers $837	10%

Federal aid $154 · peers $0 State aid $2 · peers $340 Grants and shared revenue from federal, state and local governments. Census line items B89 Federal aid C89 State aid
	$59	$806	93% below peerspeers $806	4%

Selective sales taxes (lodging, utilities, etc.) $50 · peers $45 Licenses & permits $9 · peers $115 Lodging, utility, tobacco and other selective sales taxes, licenses and permits, and other taxes. Census line items T15 Selective sales taxes (lodging, utilities, etc.) T24 Licenses & permits T28 Licenses & permits
	$57	$843	93% below peerspeers $843	4%

Solid waste charges $48 · peers $0 Parks & recreation charges $9 · peers $16 Charges for services such as sewer, trash, recreation, parking and airports. Census line items A61 Parks & recreation charges A81 Solid waste charges
None reported · peers $70	$0	$70	None reported	0%

Florence reported nothing in this category for FY2021. Interest earnings, fines, rents, special assessments, donations and sales of property.

Peer median of 5 peers · Colorado median of 227 reporting

Money out

Spending

$3,837

per residentin line with peers

Money out: Florence spending per resident by category, FY2021, against the peer median. Open a category for its lines and Census item codes.
Category	Per resident	Peer median	vs peers	Share of spending
	$2,222	$1,235	80% above peerspeers $1,235	58%

General government (other) $1,963 · peers $1,235 Central staff services $259 · peers $54 Administration, finance, legal and courts, public buildings and other general government. Census line items E29 Central staff services E89 General government (other)
	$755	$836	10% below peerspeers $836	20%

Water utility $755 · peers $504 Water, sewer, solid waste, electric and gas utilities, and natural resources. Census line items E91 Water utility
	$407	$615	34% below peerspeers $615	11%

Police $407 · peers $360 Police, fire protection, inspection and corrections. Census line items E62 Police
	$256	$0	No peer comparisonpeers $0	7%

Streets & highways $256 · peers $0 Streets and highways, transit, parking and airports. Census line items E44 Streets & highways
	$158	$119	33% above peerspeers $119	4%

Interest on debt $158 · peers $119 Interest paid on the municipality's debt. Includes Census Bureau estimates for this year. Census line items I91 Interest on debt
	$39	$116	66% below peerspeers $116	1%

Parks & recreation $39 · peers $116 Parks and recreation, libraries, housing and community development. Census line items E61 Parks & recreation

Peer median of 5 peers · Colorado median of 220 reporting

Florence and its peers

The five Colorado municipalities nearest on population, median household income and region. Budget size isn’t a matching factor, so peers aren’t chosen on the figures being compared. Per resident, FY2021. How peers are chosen

Open in Compare

Florence compared with its peer municipalities, FY2021, per resident
Municipality	Revenue	Expenditures	Tax revenue	Sales tax	Debt
FlorenceUtilities: City-owned utilities (water, electric, gas, transit) brought in 44.8% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.	$1,567	$3,837	$652	$435	$3,532
GlendaleUtilities: City-owned utilities (water, electric, gas, transit) brought in 4.5% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.Regional hub: Sales tax per resident is 5.0× the Colorado median.	$8,623	$7,771	$6,474	$4,337	$3,886
Manitou SpringsUtilities: City-owned utilities (water, electric, gas, transit) brought in 7.0% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.Regional hub: Sales tax per resident is 2.1× the Colorado median.	$5,112	$3,448	$2,888	$1,827	$959
WalsenburgUtilities: City-owned utilities (water, electric, gas, transit) brought in 10.4% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.	$6,967	$6,836	$2,645	$579	$7,765
BennettUtilities: City-owned utilities (water, electric, gas, transit) brought in 11.0% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.	$3,713	$3,924	$1,198	$990	$3,691
EdgewaterUtilities: City-owned utilities (water, electric, gas, transit) brought in 9.5% of total revenue in FY2021. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.Regional hub: Sales tax per resident is 1.9× the Colorado median.	$2,820	$2,654	$1,731	$1,616	$140
Peer median	$5,112	$3,924	$2,645	$1,616	$3,691

Utilities marks a municipality whose revenue and spending include city-owned utilities (water, electric, gas, transit), which raises its per-resident totals.

Regional hub marks a municipality whose sales tax per resident is at least 1.5× the Colorado median: a shopping or visitor hub where people who live elsewhere pay much of the sales tax.

Trends

Every available fiscal year. Lines break where a year is missing or withheld; nothing is interpolated.

This city
Peer median
Withheld (shown on the axis, no value)
Colorado median (Census of Governments years only)

Revenue per resident

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table

Revenue per resident by fiscal year
Year	This city	Peer median	Colorado median
FY2016	$1,845	$4,187	$1,746 (224 reporting)
FY2021	$1,567	$5,112	$2,476 (227 reporting)
FY2023	$2,262	$6,486	$3,580 (97 reporting, sample year)

Expenditures per resident

Fiscal year · nominal dollars, not adjusted for inflation

Census definition change: Excludes equipment purchases and payments to other governments, which Census stopped reporting after FY2021.

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table

Expenditures per resident by fiscal year
Year	This city	Peer median	Colorado median
FY2016	$1,749	$4,238	$1,749 (196 reporting)
FY2021	$3,837	$3,924	$2,208 (220 reporting)
FY2023	$1,535	$5,621	$3,680 (91 reporting, sample year)

Tax revenue per resident

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table

Tax revenue per resident by fiscal year
Year	This city	Peer median	Colorado median
FY2016	$497	$2,115	$705 (193 reporting)
FY2021	$652	$2,645	$1,072 (201 reporting)
FY2023	$783	$3,782	$1,726 (90 reporting, sample year)

Debt per resident

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2021, FY2023. Peers are matched each year, so the peer median can step when the group changes.

Show data table

Debt per resident by fiscal year
Year	This city	Peer median	Colorado median
FY2016	$3,577	$6,074	$1,072 (220 reporting)
FY2021	$3,532	$3,691	$1,411 (199 reporting)
FY2023	$3,058	$5,491	$2,130 (91 reporting, sample year)

Questions about Florence’s finances

How much revenue does Florence collect per resident?: Florence collected $1,567 per resident in FY2021, 37% below the median of the 227 Colorado municipalities reporting that year. See the figure
How does Florence's spending per resident compare with similar cities?: Florence spent $3,837 per resident in FY2021, in line with the median of its peers: Glendale, Manitou Springs, Walsenburg, Bennett and Edgewater. See the figure
How much debt does Florence have per resident?: Florence carried $3,532 of debt per resident in FY2021, in line with its peers' median. See the figure
Which cities is Florence compared with?: Florence is compared with Glendale, Manitou Springs, Walsenburg, Bennett and Edgewater: the Colorado municipalities nearest to it on population, median household income and region. Budget size isn't used, so peers aren't chosen on the figures being compared. See the peer table
Where do these numbers come from?: From the U.S. Census Bureau's Annual Survey of State and Local Government Finances, as each government reported its own fiscal year, divided by Census population estimates. Figures that fail quality checks are withheld rather than shown. Sources and methodology

Community context

American Community Survey 5-year estimates and Census population estimates. Where the selected year isn’t available, the nearest earlier year is shown and labeled.

Population growth (5-yr): +0.2%/yr; 2021 estimate
Median household income: $53.8K; 2021 estimate
Poverty rate: 11.3%; 2021 estimate
Median home value: $167.6K; 2021 estimate
Housing vacancy rate: 8.2%; 2021 estimate

Explore further

Also in Southern Colorado

Walsenburg$8,205 · FY2023
La Veta$1,913 · FY2021
Williamsburg$723 · FY2021
Silver Cliff$1,161 · FY2022
Rockvale$1,222 · FY2021
Westcliffe$2,311 · FY2021
Coal Creek$735 · FY2016
Boone

Revenue per resident, latest published year.

Sources

American Community Survey 5-year estimates 2017-2021 · 2021
U.S. Census Bureau
Retrieved October 7, 2026View source: American Community Survey 5-year estimates 2017-2021 (opens in a new tab)
Annual Survey of State & Local Government Finances 2022 - Individual Unit File · 2022 survey file
U.S. Census Bureau
Retrieved October 12, 2026View source: Annual Survey of State & Local Government Finances 2022 - Individual Unit File (opens in a new tab)
Population Estimates Program, Vintage 2025 - incorporated places · 2025
U.S. Census Bureau
Retrieved October 7, 2026View source: Population Estimates Program, Vintage 2025 - incorporated places (opens in a new tab)

Dataset: Florence, CO municipal finance benchmarks

Free to reuse under CC BY 4.0 (opens in a new tab). Please credit “Source: Orivian Municipal Index, orivian.ai/benchmarks”. See the data use terms.

Notes: dollars are nominal (not inflation-adjusted). Colorado medians cover the municipalities reporting that year. Peers: nearest on population, income and region. Definitions: orivian.ai/benchmarks/methodology.Retrieved October 12, 2026 from orivian.ai/benchmarks.

Every figure on this page is read from the published index; nothing is recalculated for display. Read the methodology

General government is Florence’s largest difference from its peers (80% above the peer median in FY2021). See how that line moves month to month in your own budget-vs-actual.

Orivian applies the same sourced, governed approach to your city's own budget-vs-actual data.

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Florence · FY2021 municipal finance benchmarks

FY2021 in brief

FY2021 headline figures

Revenue per resident (definition)

Expenditures per resident (definition)

Tax revenue per resident (definition)

Debt per resident (definition)

How this number was calculated

What the numbers mean

Where the money comes from and where it goes

Money in

Money out

Florence and its peers

Trends

Questions about Florence’s finances

Community context

Explore further

Also in Southern Colorado

Sources

General government is Florence’s largest difference from its peers (80% above the peer median in FY2021). See how that line moves month to month in your own budget-vs-actual.