Village government · Will County, IL

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

In the latest recorded fiscal year (ended April 30, 2024), Elwood took in $23.3 million and spent $18.0 million.

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

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Where it comes from

Village taxes77%Fees for services (water, sewer)11%State tax money6.5%Fines and other5.7%County and local tax money0.6%

What stands out

51%

of Elwood's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes77%

Property tax
51%$12.0 million
Other taxes
21%$4.9 million
What's in other taxesOther licenses; other selective sales taxes and 1 more
  • Other licenses$3.0 million
  • Other selective sales taxes$1.4 million
  • Public utility taxes$500 thousand

Amounts are by Census tax category.

Sales tax
4.3%$991 thousand

Fees for services11%

Fees for services
11%$2.5 million
What's in fees for servicesWater; other service charges and 2 more
  • Water$924 thousand
  • Other service charges$855 thousand
  • Sewer$416 thousand
  • Garbage collection$277 thousand

Amounts are by Census type of charge.

State tax money6.5%

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

From the state
6.5%$1.5 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$147 thousand

Fines and other5.7%

Interest, rents and other
5.3%$1.2 million
Fines
0.4%$92 thousand

Where it goes

Running the government and other costs73%Police, fire, courts and jails10%Interest on debt6.6%Water, sewer, trash and utilities5.1%Roads, transit and parking4.7%

What stands out

73%

of Elwood'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
73%$13.2 million
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$11.2 million
  • Central staff services (personnel, purchasing, technology)$2.0 million
Police, fire, courts and jails
10%$1.9 million
What's in police, fire, courts and jailsPolice
  • Police$1.9 million
Interest on debt
6.6%$1.2 million
Water, sewer, trash and utilities
5.1%$925 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$546 thousand
  • Sewer systems$379 thousand
Roads, transit and parking
4.7%$843 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$843 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Elwood. 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 Elwood 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.