Village government · Fayette County, IL

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

In the latest recorded fiscal year (ended March 31, 2022), Bingham took in $39 thousand and spent $22 thousand.

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

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Where it comes from

State tax money56%Village taxes21%Fines and other21%Fees for services (parks and recreation)2.6%

What stands out

56%

of Bingham's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Village taxes21%

Property tax
21%$8 thousand

Fees for services2.6%

Fees for services
2.6%$1 thousand
What's in fees for servicesParks and recreation
  • Parks and recreation$1 thousand

Amounts are by Census type of charge.

State tax money56%

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

From the state
56%$22 thousand

Fines and other21%

Interest, rents and other
21%$8 thousand

Where it goes

Running the government and other costs91%Roads, transit and parking9.1%

What stands out

91%

of Bingham's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
91%$20 thousand
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 1 more
  • Finance, tax collection and budgeting$7 thousand
  • Government buildings$7 thousand
  • Other and not broken out$6 thousand
Roads, transit and parking
9.1%$2 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Bingham. 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 Village of Bingham 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.