Township government · Iroquois County, IL

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

In the latest recorded fiscal year (ended February 28, 2022), Belmont Township took in $250 thousand and spent $184 thousand.

Latest recorded year: ended February 28, 2022Comes fromGoes to

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Where it comes from

Township taxes85%State tax money12%Fines and other3.2%

What stands out

85%

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

Township taxes85%

Property tax
85%$212 thousand

State tax money12%

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

From the state
12%$30 thousand

Fines and other3.2%

Interest, rents and other
3.2%$8 thousand

Where it goes

Running the government and other costs67%Roads, transit and parking33%

What stands out

67%

of Belmont 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%

Running the government and other costs
67%$123 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other government-run businesses and 1 more
  • Finance, tax collection and budgeting$87 thousand
  • Other government-run businesses$29 thousand
  • Other and not broken out$7 thousand
Roads, transit and parking
33%$61 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$61 thousand
Sources and moreWhere these numbers come from and what they cover

Belmont Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended February 28, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Belmont 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.