City government · Knox County, IL

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

In the latest recorded fiscal year (ended March 31, 2024), Galesburg took in $78.0 million and spent $78.1 million.

Latest recorded year: ended March 31, 2024Comes fromGoes to

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Where it comes from

State tax money39%City taxes32%Fees for services (water, garbage collection)19%Fines and other7.9%Federal tax money3.1%

What stands out

39%

of Galesburg's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

City taxes32%

Property tax
14%$10.7 million
Other taxes
9.9%$7.7 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$7.0 million
  • Other licenses$442 thousand
  • Public utility taxes$303 thousand

Amounts are by Census tax category.

Sales tax
7.8%$6.1 million

Fees for services19%

Fees for services
19%$14.6 million
What's in fees for servicesWater; garbage collection and 3 more
  • Water$7.4 million
  • Garbage collection$3.1 million
  • Other service charges$2.6 million
  • Parks and recreation$1.4 million
  • Transit fares$109 thousand

Amounts are by Census type of charge.

Federal tax money3.1%

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

From the federal government
3.1%$2.4 million

State tax money39%

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

From the state
39%$30.2 million

Fines and other7.9%

Interest, rents and other
7.5%$5.8 million
Fines
0.4%$341 thousand

Where it goes

Running the government and other costs27%Police, fire, courts and jails26%Parks, recreation and libraries23%Roads, transit and parking10%Water, sewer, trash and utilities7.3%Interest on debt5.7%

What stands out

23%

of Galesburg's spending goes to parks, recreation and libraries.A typical U.S. city of 10,000 to 50,000 people spends 5.6%.

Spending by category100%

Running the government and other costs
27%$21.5 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 3 more
  • Other and not broken out$15.9 million
  • Central staff services (personnel, purchasing, technology)$4.1 million
  • Finance, tax collection and budgeting$903 thousand
  • Government buildings$506 thousand
  • Other government-run businesses$6 thousand
Police, fire, courts and jails
26%$20.7 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$10.7 million
  • Fire protection$9.1 million
  • Inspections and regulation$904 thousand
Parks, recreation and libraries
23%$18.0 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$11.8 million
  • Parks and recreation$6.1 million
Roads, transit and parking
10%$7.9 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$7.5 million
  • Airports$387 thousand
Water, sewer, trash and utilities
7.3%$5.7 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$5.7 million
Interest on debt
5.7%$4.5 million
Sources and moreWhere these numbers come from and what they cover

City of Galesburg. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended March 31, 2024.

What this covers. The money of City of Galesburg 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.