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New Castle · FY2021 municipal finance benchmarks

Garfield County · Western Slope · home rule municipality · Pop. 4,896 (2025 estimate); FY2021 per-resident figures use 4,881 · Census finance data FY2016, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023

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

City website (opens in a new tab)

Compare

FY2021 in brief

New Castle collected $1,632 per resident (including city-run utilities), 34% below the median of the 227 Colorado municipalities reporting that year, 73% below its peers. Debt per resident runs 52% below peers.

  • Tax revenue per resident withheld: Tax revenue per resident is 15% of the peer median

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

Compared with

Nearest on population, household income and region

FY2021 headline figures

Revenue per resident (definition)

$1,632
73% below peers
Includes city-owned utilities
Peer median
$6,067
CO median · 227 with a published figure
$2,476
Position
Higher than 24% of the 227 reporting
5-year changenominal dollars
+3.9%/yr
How Colorado compares on revenue per resident

Expenditures per resident (definition)

$1,394
47% below peers
Includes city-owned utilities
Peer median
$2,611
CO median · 220 with a published figure
$2,208
Position
Higher than 23% of the 220 reporting
5-year changenominal dollars
−2.0%/yr

Tax revenue per resident (definition)

Peer median
Benchmark unavailable
CO median · 201 with a published figure
$1,072
Position
Not reported for this year
5-year changenominal dollars
Withheld with this year's value

Debt per resident (definition)

$947
52% below peers
Peer median
$1,953
CO median · 199 with a published figure
$1,411
Position
Higher than 36% of the 199 reporting
5-year changenominal dollars
−9.0%/yr
How Colorado compares on debt per resident

How this number was calculated

Revenue per resident · $1,632
Reported by the city to the Census Bureau

  1. 1Metric

    $1,632 Total revenue divided by population

    = Total revenue ÷ population

    Full definition: Revenue per resident

  2. 2Inputs

    Total revenue $8M ÷ population 4,881 (2021 estimate)

  3. 3Census line items

    • A03 Commercial activities (other) charges
    • A61 Parks & recreation charges
    • A80 Sewer charges
    • A81 Solid waste charges
    • A91 Water utility charges
    • C89 State aid
    • D89 Local government aid
    • T01 Property tax
    • T09 General sales tax
    • T15 Selective sales taxes (lodging, utilities, etc.)
    • T19 Selective sales taxes (lodging, utilities, etc.)
    • T20 Licenses & permits
    • T24 Licenses & permits
    • T28 Licenses & permits
    • U01 Special assessments
    • U11 Sale of property
    • U20 Interest earnings
    • U30 Fines & forfeits
    • U40 Rents
    • U41 Royalties
    • U99 Miscellaneous

  4. 4Source file

What the numbers mean

  • New Castle runs city-owned utilities, which add 14.3% 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 4,881 residents, small changes in New Castle'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 New Castle; the gold tick is the peer median. How categories work

The biggest difference from peers is General government: $142 per resident, 84% below the peer median. On the revenue side, intergovernmental is 78% below peers.

Money in

Revenue

$1,632
per resident73% below peers
Money in: New Castle revenue per resident by category, FY2021, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$45210% belowpeers $504
$233in line withpeers $229
$16078% belowpeers $729
$15245% belowpeers $278
Withheldpeers $1,901
Withheldpeers $993
Withheldpeers $94
Peer median of 5 peers · Colorado median of 227 reporting

Money out

Spending

$1,394
per resident47% below peers
Money out: New Castle spending per resident by category, FY2021, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$57720% belowpeers $723
$25442% belowpeers $440
$20728% belowpeers $288
$17566% belowpeers $510
$14284% belowpeers $889
$3277% abovepeers $18
$8No peer comparisonpeers $0
Peer median of 5 peers · Colorado median of 220 reporting

New Castle 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
New Castle compared with its peer municipalities, FY2021, per resident
MunicipalityRevenueExpendituresTax revenueSales taxDebt
New CastleUtilities: City-owned utilities (water, electric, gas, transit) brought in 14.3% 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.$1,632$1,394$439$947
CarbondaleUtilities: City-owned utilities (water, electric, gas, transit) brought in 9.7% 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.$2,814$2,114$1,751$1,286$90
VailRegional hub: Sales tax per resident is 8.6× the Colorado median.$21,953$22,889$16,803$7,389$7,163
SiltUtilities: City-owned utilities (water, electric, gas, transit) brought in 17.6% 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.$1,303$1,562$494$336$591
SilverthorneUtilities: City-owned utilities (water, electric, gas, transit) brought in 9.8% 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.Regional hub: Sales tax per resident is 3.9× the Colorado median.$7,598$5,097$4,321$3,328Not reported for this year
AvonUtilities: City-owned utilities (water, electric, gas, transit) brought in 0.5% 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 2.2× the Colorado median.$6,067$2,611$4,481$1,901$3,314
Peer median$6,067$2,611Benchmark unavailable$1,901$1,953

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
FY2016 $1,347 to FY2023 $2,014. 3 years withheld.$0$4.5K$9K’16’18’19’20’21’22’23Peer median FY2016: $6,349Peer median FY2018: $9,012Peer median FY2021: $6,067Peer median FY2023: $8,639Colorado median FY2016: $1,746 (all 224 municipalities reporting)Colorado median FY2021: $2,476 (all 227 municipalities reporting)FY2016: $1,347FY2018: $1,408FY2021: $1,632FY2023: $2,014FY2019: withheld — Revenue per resident is 10% of the peer medianFY2020: withheld — Revenue per resident is 11% of the peer medianFY2022: withheld — Revenue per resident is 8% of the peer median

Fiscal year · nominal dollars, not adjusted for inflation

  • FY2019 withheld: Revenue per resident is 10% of the peer median
  • FY2020 withheld: Revenue per resident is 11% of the peer median
  • FY2022 withheld: Revenue per resident is 8% of the peer median

Peer group changed in FY2018, FY2019, FY2020, FY2021, FY2022, 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
YearThis cityPeer medianColorado median
FY2016$1,347$6,349$1,746 (224 reporting)
FY2018$1,408$9,012$2,529 (75 reporting, sample year)
FY2019Withheld (Revenue per resident is 10% of the peer median)Benchmark unavailable$2,694 (73 reporting, sample year)
FY2020Withheld (Revenue per resident is 11% of the peer median)Benchmark unavailable$2,739 (76 reporting, sample year)
FY2021$1,632$6,067$2,476 (227 reporting)
FY2022Withheld (Revenue per resident is 8% of the peer median)Benchmark unavailable$3,031 (72 reporting, sample year)
FY2023$2,014$8,639$3,580 (97 reporting, sample year)
Expenditures per resident
FY2016 $1,545 to FY2021 $1,394. 4 years withheld.$0$2.5K$5K’16’18’19’20’21’22’23Peer median FY2016: $1,476Peer median FY2018: $5,048Peer median FY2021: $2,611Colorado median FY2016: $1,749 (all 224 municipalities reporting)Colorado median FY2021: $2,208 (all 227 municipalities reporting)FY2016: $1,545FY2018: $1,498FY2021: $1,394FY2019: withheld — Expenditures per resident is 11% of the peer medianFY2020: withheld — Expenditures per resident is 11% of the peer medianFY2022: withheld — Expenditures per resident is 9% of the peer medianFY2023: withheld — Expenditures per resident is 15% of the peer median

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.

  • FY2019, FY2020 withheld: Expenditures per resident is 11% of the peer median
  • FY2022 withheld: Expenditures per resident is 9% of the peer median
  • FY2023 withheld: Expenditures per resident is 15% of the peer median

Peer group changed in FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, the same year as the census definition change. Peers are matched each year, so the peer median can step when the group changes.

Show data table
Expenditures per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$1,545$1,476$1,749 (196 reporting)
FY2018$1,498$5,048$2,387 (74 reporting, sample year)
FY2019Withheld (Expenditures per resident is 11% of the peer median)Benchmark unavailable$2,759 (71 reporting, sample year)
FY2020Withheld (Expenditures per resident is 11% of the peer median)Benchmark unavailable$2,485 (74 reporting, sample year)
FY2021$1,394$2,611$2,208 (220 reporting)
FY2022Withheld (Expenditures per resident is 9% of the peer median)Benchmark unavailable$3,025 (71 reporting, sample year)
FY2023Withheld (Expenditures per resident is 15% of the peer median)Benchmark unavailable$3,680 (91 reporting, sample year)
Tax revenue per resident
FY2016 $409. 6 years withheld.$0$2.3K$4.5K’16’18’19’20’21’22’23Peer median FY2016: $4,526Colorado median FY2016: $705 (all 224 municipalities reporting)Colorado median FY2021: $1,072 (all 227 municipalities reporting)FY2016: $409FY2018: withheld — Tax revenue per resident is 16% of the peer medianFY2019: withheld — Tax revenue per resident is 8% of the peer medianFY2020: withheld — Tax revenue per resident is 6% of the peer medianFY2021: withheld — Tax revenue per resident is 15% of the peer medianFY2022: withheld — Tax revenue per resident is 6% of the peer medianFY2023: withheld — Tax revenue per resident is 15% of the peer median

Fiscal year · nominal dollars, not adjusted for inflation

  • FY2018 withheld: Tax revenue per resident is 16% of the peer median
  • FY2019 withheld: Tax revenue per resident is 8% of the peer median
  • FY2020, FY2022 withheld: Tax revenue per resident is 6% of the peer median
  • FY2021, FY2023 withheld: Tax revenue per resident is 15% of the peer median
Show data table
Tax revenue per resident by fiscal year
YearThis cityPeer medianColorado median
FY2016$409$4,526$705 (193 reporting)
FY2018Withheld (Tax revenue per resident is 16% of the peer median)Benchmark unavailable$1,173 (70 reporting, sample year)
FY2019Withheld (Tax revenue per resident is 8% of the peer median)Benchmark unavailable$1,187 (71 reporting, sample year)
FY2020Withheld (Tax revenue per resident is 6% of the peer median)Benchmark unavailable$1,238 (72 reporting, sample year)
FY2021Withheld (Tax revenue per resident is 15% of the peer median)Benchmark unavailable$1,072 (201 reporting)
FY2022Withheld (Tax revenue per resident is 6% of the peer median)Benchmark unavailable$1,631 (71 reporting, sample year)
FY2023Withheld (Tax revenue per resident is 15% of the peer median)Benchmark unavailable$1,726 (90 reporting, sample year)
Debt per resident
FY2016 $1,513 to FY2023 $753.$0$3.8K$7.7K’16’18’19’20’21’22’23Peer median FY2016: $1,643Peer median FY2018: $1,707Peer median FY2019: $5,842Peer median FY2020: $6,399Peer median FY2021: $1,953Peer median FY2022: $7,698Peer median FY2023: $5,658Colorado median FY2016: $1,072 (all 224 municipalities reporting)Colorado median FY2021: $1,411 (all 227 municipalities reporting)FY2016: $1,513FY2018: $1,325FY2019: $1,141FY2020: $1,030FY2021: $947FY2022: $856FY2023: $753

Fiscal year · nominal dollars, not adjusted for inflation

Peer group changed in FY2018, FY2019, FY2020, FY2021, FY2022, 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
YearThis cityPeer medianColorado median
FY2016$1,513$1,643$1,072 (220 reporting)
FY2018$1,325$1,707$1,644 (70 reporting, sample year)
FY2019$1,141$5,842$1,627 (69 reporting, sample year)
FY2020$1,030$6,399$1,798 (71 reporting, sample year)
FY2021$947$1,953$1,411 (199 reporting)
FY2022$856$7,698$2,068 (73 reporting, sample year)
FY2023$753$5,658$2,130 (91 reporting, sample year)

Questions about New Castle’s finances

How much revenue does New Castle collect per resident?
New Castle collected $1,632 per resident in FY2021, 34% below the median of the 227 Colorado municipalities reporting that year. See the figure
How does New Castle's spending per resident compare with similar cities?
New Castle spent $1,394 per resident in FY2021, 47% below the median of its peers: Carbondale, Vail, Silt, Silverthorne and Avon. See the figure
How much debt does New Castle have per resident?
New Castle carried $947 of debt per resident in FY2021, 52% below its peers' median. See the figure
Which cities is New Castle compared with?
New Castle is compared with Carbondale, Vail, Silt, Silverthorne and Avon: 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)
+0.8%/yr
2021 estimate
Median household income
$79.8K
2021 estimate
Poverty rate
4.3%
2021 estimate
Median home value
$389K
2021 estimate
Housing vacancy rate
5.7%
2021 estimate

Explore further

Also in Western Slope

Revenue per resident, latest published year.

Sources

Dataset: New Castle, 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 New Castle’s largest difference from its peers (84% below 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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