Village government · Cook County, IL

Bellwood's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Bellwood took in $58.2 million and spent $50.4 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Village taxes56%Fees for services (water, garbage collection)18%State tax money15%Fines and other7.4%Federal tax money3.4%County and local tax money0.4%

What stands out

45%

of Bellwood's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

Village taxes56%

Property tax
45%$26.3 million
Other taxes
11%$6.2 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$3.5 million
  • Other licenses$1.4 million
  • Public utility taxes$1.3 million

Amounts are by Census tax category.

Fees for services18%

Fees for services
18%$10.7 million
What's in fees for servicesWater and garbage collection
  • Water$6.8 million
  • Garbage collection$3.8 million

Amounts are by Census type of charge.

Federal tax money3.4%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
3.4%$2.0 million

State tax money15%

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

From the state
15%$8.5 million

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$239 thousand

Fines and other7.4%

Interest, rents and other
3.7%$2.2 million
Fines
3.7%$2.2 million

Where it goes

Running the government and other costs30%Police, fire, courts and jails28%Roads, transit and parking16%Water, sewer, trash and utilities12%Parks, recreation and libraries7.3%All other spending6.7%

What stands out

30%

of Bellwood's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
30%$15.3 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$10.9 million
  • Other and not broken out$4.4 million
  • Finance, tax collection and budgeting$78 thousand
Police, fire, courts and jails
28%$14.0 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$8.5 million
  • Fire protection$5.5 million
Roads, transit and parking
16%$7.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$7.9 million
Water, sewer, trash and utilities
12%$6.1 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$5.4 million
  • Garbage and solid waste$712 thousand
Parks, recreation and libraries
7.3%$3.7 million
What's in parks, recreation and librariesLibraries
  • Libraries$3.7 million
Interest on debt
6.7%$3.4 million
Social services
<0.1%$1 thousand
What's in social servicesOther public welfare
  • Other public welfare$1 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Bellwood. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Village of Bellwood 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.