Village government · Will County, IL

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

In the latest recorded fiscal year (ended April 30, 2024), Channahon took in $38.4 million and spent $33.2 million.

Latest recorded year: ended April 30, 2024Comes fromGoes to

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Where it comes from

Village taxes53%Fees for services (water, sewer)17%State tax money17%Fines and other11%Federal tax money1.3%

What stands out

36%

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

Village taxes53%

Property tax
36%$13.9 million
Other taxes
17%$6.5 million
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$6.1 million
  • Other licenses$380 thousand

Amounts are by Census tax category.

Fees for services17%

Fees for services
17%$6.7 million
What's in fees for servicesWater; sewer and 2 more
  • Water$2.9 million
  • Sewer$2.1 million
  • Garbage collection$1.3 million
  • Other service charges$461 thousand

Amounts are by Census type of charge.

Federal tax money1.3%

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

From the federal government
1.3%$512 thousand

State tax money17%

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

From the state
17%$6.5 million

Fines and other11%

Interest, rents and other
11%$4.2 million
Fines
0.3%$107 thousand

Where it goes

Running the government and other costs44%Water, sewer, trash and utilities18%Roads, transit and parking18%Police, fire, courts and jails18%Interest on debt3.0%All other spending0.1%

What stands out

44%

of Channahon'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
44%$14.5 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$12.6 million
  • Government buildings$1.1 million
  • Central staff services (personnel, purchasing, technology)$429 thousand
  • Finance, tax collection and budgeting$398 thousand
Water, sewer, trash and utilities
18%$5.9 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; water supply and 1 more
  • Garbage and solid waste$2.9 million
  • Water supply$2.7 million
  • Sewer systems$251 thousand
Roads, transit and parking
18%$5.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$5.9 million
Police, fire, courts and jails
18%$5.9 million
What's in police, fire, courts and jailsPolice
  • Police$5.9 million
Interest on debt
3.0%$983 thousand
Housing and community development
<0.1%$32 thousand
Sent to other local governments
<0.1%$7 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$7 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Channahon. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended April 30, 2024.

What this covers. The money of Village of Channahon 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.