Village government · Vermilion County, IL
Bismarck's money: where it comes from and where it goes
In the latest recorded fiscal year (ended December 31, 2021), Bismarck took in $215 thousand and spent $119 thousand.
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Where it comes from
What stands out
of Bismarck's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.
Village taxes20%
What's in other taxesOther licenses
- Other licenses$8 thousand
Amounts are by Census tax category.
State tax money80%
Money the state passes on, paid for by the state taxes residents also pay.
Where it goes
What stands out
of Bismarck's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.
Spending by category100%
What's in roads, transit and parkingRoads and highways
- Roads and highways$61 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
- Central staff services (personnel, purchasing, technology)$42 thousand
- Other and not broken out$8 thousand
What's in police, fire, courts and jailsPolice
- Police$8 thousand
Sources and moreWhere these numbers come from and what they cover
Village of Bismarck. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of Village of Bismarck 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.