Township government · Peoria County, IL

Akron Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended May 31, 2022), Akron Township took in $157 thousand and spent $135 thousand.

Latest recorded year: ended May 31, 2022Comes fromGoes to

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Where it comes from

Township taxes83%State tax money15%Fines and other1.3%

What stands out

83%

of Akron Township's money comes from property tax.A typical U.S. township or town of under 10,000 people gets 52%.

Township taxes83%

Property tax
83%$131 thousand

State tax money15%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
15%$24 thousand

Fines and other1.3%

Interest, rents and other
1.3%$2 thousand

Where it goes

Roads, transit and parking64%Running the government and other costs33%Social services2.2%

What stands out

33%

of Akron Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Roads, transit and parking
64%$87 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$87 thousand
Running the government and other costs
33%$45 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$45 thousand
Social services
2.2%$3 thousand
What's in social servicesOther public welfare
  • Other public welfare$3 thousand
Sources and moreWhere these numbers come from and what they cover

Akron Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended May 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Akron Township itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.