Village government · McLean County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Colfax took in $1.0 million and spent $906 thousand.

Latest recorded year: ended April 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (water, sewer)42%State tax money33%Village taxes22%Fines and other2.7%

What stands out

33%

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

Village taxes22%

Property tax
13%$129 thousand
Other taxes
9.2%$94 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$84 thousand
  • Other licenses$10 thousand

Amounts are by Census tax category.

Fees for services42%

Fees for services
42%$432 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$295 thousand
  • Sewer$69 thousand
  • Garbage collection$68 thousand

Amounts are by Census type of charge.

State tax money33%

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

From the state
33%$338 thousand

Fines and other2.7%

Interest, rents and other
2.5%$26 thousand
Fines
0.2%$2 thousand

Where it goes

Running the government and other costs41%Roads, transit and parking19%Water, sewer, trash and utilities17%Parks, recreation and libraries11%Police, fire, courts and jails11%Interest on debt1.2%

What stands out

11%

of Colfax's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Running the government and other costs
41%$373 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$373 thousand
Roads, transit and parking
19%$175 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$175 thousand
Water, sewer, trash and utilities
17%$154 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$154 thousand
Parks, recreation and libraries
11%$97 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$97 thousand
Police, fire, courts and jails
11%$96 thousand
What's in police, fire, courts and jailsPolice
  • Police$96 thousand
Interest on debt
1.2%$11 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Colfax. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Colfax 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.