Township government · McHenry County, IL

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

In the latest recorded fiscal year (ended March 31, 2022), Algonquin Township took in $4.1 million and spent $4.3 million.

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

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Where it comes from

Township taxes91%State tax money5.4%Fines and other2.5%Fees for services (garbage collection)0.6%

What stands out

91%

of Algonquin Township's money comes from property tax.A typical U.S. township or town of 50,000+ people gets 66%.

Township taxes91%

Property tax
91%$3.7 million

Fees for services0.6%

Fees for services
0.6%$24 thousand
What's in fees for servicesGarbage collection and other service charges
  • Garbage collection$21 thousand
  • Other service charges$3 thousand

Amounts are by Census type of charge.

State tax money5.4%

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

From the state
5.4%$220 thousand

Fines and other2.5%

Interest, rents and other
2.5%$100 thousand
Fines
<0.1%$2 thousand

Where it goes

Running the government and other costs59%Roads, transit and parking39%Social services1.9%

What stands out

39%

of Algonquin Township's spending goes to roads, transit and parking.A typical U.S. township or town of 50,000+ people spends 7%.

Spending by category100%

Running the government and other costs
59%$2.6 million
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$1.3 million
  • Other and not broken out$630 thousand
  • Central staff services (personnel, purchasing, technology)$598 thousand
Roads, transit and parking
39%$1.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.7 million
Social services
1.9%$82 thousand
What's in social servicesOther public welfare
  • Other public welfare$82 thousand
Sources and moreWhere these numbers come from and what they cover

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

What this covers. The money of Algonquin 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.