Township government · Will County, IL

Frankfort Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), Frankfort Township took in $6.2 million and spent $7.0 million.

Latest recorded year: ended March 31, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Township taxes77%Fines and other13%Fees for services5.7%State tax money3.6%

What stands out

13%

of Frankfort Township's money comes from interest, rents and other revenue.A typical U.S. township or town of 50,000+ people gets 3%.

Township taxes77%

Property tax
77%$4.8 million

Fees for services5.7%

Fees for services
5.7%$353 thousand
What's in fees for servicesOther service charges
  • Other service charges$353 thousand

Amounts are by Census type of charge.

State tax money3.6%

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

From the state
3.6%$221 thousand

Fines and other13%

Interest, rents and other
13%$814 thousand

Where it goes

Roads, transit and parking53%Running the government and other costs43%Housing and community development3.7%Parks, recreation and libraries0.5%

What stands out

53%

of Frankfort Township's spending goes to roads, transit and parking.A typical U.S. township or town of 50,000+ people spends 7%.

Spending by category100%

Roads, transit and parking
53%$3.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.7 million
Running the government and other costs
43%$3.0 million
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 2 more
  • Finance, tax collection and budgeting$1.3 million
  • Central staff services (personnel, purchasing, technology)$948 thousand
  • Other and not broken out$675 thousand
  • Other government-run businesses$4 thousand
Housing and community development
3.7%$261 thousand
Parks, recreation and libraries
0.5%$35 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$35 thousand
Sources and moreWhere these numbers come from and what they cover

Frankfort Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 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 Frankfort Township 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.