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Parachute · FY2016 municipal finance benchmarks

Garfield County · Western Slope · home rule municipality · Pop. 1,366 (2025 estimate); FY2016 per-resident figures use 1,112 · Census finance data FY2016, FY2021

You’re viewing FY2016. See the latest view (FY2021). Latest Census Bureau finance data for Parachute: FY2021. Retrieved Oct 2026. Newer years are added when the Census Bureau publishes them. Why the lag?

FY2016 in brief

Parachute collected $2,763 per resident (including city-run utilities), 58% above the median of the 224 Colorado municipalities reporting that year, 16% above its peers. Tax revenue per resident sits 19% above its peers, and 83% above the state median. Debt per resident runs 51% below peers.

Regional hub: sales tax per resident is 1.6× the Colorado median.

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

Compared with

Nearest on population, household income and region

FY2016 headline figures

Revenue per resident (definition)

$2,763
16% above peers
Includes city-owned utilities
Peer median
$2,373
CO median · 224 with a published figure
$1,746
Position
Higher than 73% of the 224 reporting
5-year changenominal dollars
Not enough history for a 5-year change

Expenditures per resident (definition)

$2,401
24% above peers
Includes city-owned utilities
Peer median
$1,940
CO median · 196 with a published figure
$1,749
Position
Higher than 64% of the 196 reporting
5-year changenominal dollars
Not enough history for a 5-year change

Tax revenue per resident (definition)

$1,290
19% above peers
Peer median
$1,082
CO median · 193 with a published figure
$705
Position
Higher than 79% of the 193 reporting
5-year changenominal dollars
Not enough history for a 5-year change

Debt per resident (definition)

$408
51% below peers
Peer median
$829
CO median · 220 with a published figure
$1,072
Position
Higher than 29% of the 220 reporting
5-year changenominal dollars
Not enough history for a 5-year change

Where the money comes from and where it goes

Per resident, FY2016. Bars show Parachute; the gold tick is the peer median. How categories work

Regional hub: sales tax per resident is 1.6× the Colorado median.

Sales tax per resident is high, which usually means many non-residents shop, stay or work here. Per-resident figures divide citywide totals by residents only, so they overstate what residents themselves pay and use.

The biggest difference from peers is Public safety: $600 per resident, 2.2× the peer median. On the revenue side, intergovernmental is 3.2× peers.

Money in

Revenue

$2,763
per resident16% above peers
Money in: Parachute revenue per resident by category, FY2016, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$91232% abovepeers $691
$7793.2×peers $244
$34126% belowpeers $461
$31727% abovepeers $250
$27339% belowpeers $451
$798% abovepeers $73
$6256% belowpeers $142
Peer median of 5 peers · Colorado median of 224 reporting

Money out

Spending

$2,401
per resident24% above peers
Money out: Parachute spending per resident by category, FY2016, against the peer median. Open a category for its lines and Census item codes.
CategoryPer residentvs peers
$72165% abovepeers $437
$68010% belowpeers $754
$6002.2×peers $268
$25052% abovepeers $165
$1312.4×peers $54
$1957% belowpeers $44
Peer median of 5 peers · Colorado median of 196 reporting

Parachute 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, FY2016. How peers are chosen

Open in Compare
Parachute compared with its peer municipalities, FY2016, per resident
MunicipalityRevenueExpendituresTax revenueSales taxDebt
ParachuteUtilities: City-owned utilities (water, electric, gas, transit) brought in 12.3% of total revenue in FY2016. 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 1.6× the Colorado median.$2,763$2,401$1,290$912$408
RidgwayUtilities: City-owned utilities (water, electric, gas, transit) brought in 14.8% of total revenue in FY2016. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$2,373$1,940$1,352$779$775
PaoniaUtilities: City-owned utilities (water, electric, gas, transit) brought in 51.4% of total revenue in FY2016. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$2,331$1,355$514$332$1,439
OurayUtilities: City-owned utilities (water, electric, gas, transit) brought in 8.6% of total revenue in FY2016. 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 1.7× the Colorado median.$4,466$4,555$1,809$932$767
Oak CreekUtilities: City-owned utilities (water, electric, gas, transit) brought in 37.0% of total revenue in FY2016. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$3,543$1,923$2,165
HotchkissUtilities: City-owned utilities (water, electric, gas, transit) brought in 25.5% of total revenue in FY2016. Revenue and spending per resident include them, so cities that run their own utilities read higher than cities that don't.$1,807$2,307$813$602$829
Peer median$2,373$1,940$1,082$691$829

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.

Sources

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