City government · Henry County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Colona took in $7.0 million and spent $6.2 million.

Latest recorded year: ended April 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

City taxes31%State tax money29%Fees for services (water, garbage collection)26%Fines and other14%

What stands out

29%

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

City taxes31%

Property tax
24%$1.7 million
Other taxes
6.7%$466 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$365 thousand
  • Other licenses$101 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$1.8 million
What's in fees for servicesWater; garbage collection and 1 more
  • Water$1.2 million
  • Garbage collection$301 thousand
  • Parks and recreation$300 thousand

Amounts are by Census type of charge.

State tax money29%

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

From the state
29%$2.0 million

Fines and other14%

Interest, rents and other
9.5%$664 thousand
Fines
4.7%$326 thousand

Where it goes

Running the government and other costs31%Water, sewer, trash and utilities28%Police, fire, courts and jails26%Parks, recreation and libraries7.0%Roads, transit and parking6.7%Interest on debt2.0%

What stands out

26%

of Colona's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
31%$1.9 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$1.2 million
  • Finance, tax collection and budgeting$457 thousand
  • Central staff services (personnel, purchasing, technology)$206 thousand
  • Government buildings$75 thousand
Water, sewer, trash and utilities
28%$1.7 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$816 thousand
  • Sewer systems$588 thousand
  • Garbage and solid waste$316 thousand
Police, fire, courts and jails
26%$1.6 million
What's in police, fire, courts and jailsPolice
  • Police$1.6 million
Parks, recreation and libraries
7.0%$432 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$432 thousand
Roads, transit and parking
6.7%$416 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$416 thousand
Interest on debt
2.0%$127 thousand
Sources and moreWhere these numbers come from and what they cover

City of Colona. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. 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 City of Colona 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.