City government · Ford County, IL

Gibson City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended April 30, 2022), Gibson City took in $8.4 million and spent $12.3 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 taxes52%State tax money25%Fees for services (water, sewer)14%Federal tax money7.4%Fines and other2.5%

What stands out

47%

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

City taxes52%

Property tax
47%$4.0 million
Other taxes
4.9%$416 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$391 thousand
  • Other licenses$25 thousand

Amounts are by Census tax category.

Fees for services14%

Fees for services
14%$1.2 million
What's in fees for servicesWater; sewer and 3 more
  • Water$592 thousand
  • Sewer$503 thousand
  • Other service charges$32 thousand
  • Parks and recreation$28 thousand
  • Garbage collection$4 thousand

Amounts are by Census type of charge.

Federal tax money7.4%

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

From the federal government
7.4%$625 thousand

State tax money25%

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

From the state
25%$2.1 million

Fines and other2.5%

Interest, rents and other
1.4%$118 thousand
Fines
1.1%$95 thousand

Where it goes

Roads, transit and parking50%Running the government and other costs21%Water, sewer, trash and utilities19%Police, fire, courts and jails8.1%Parks, recreation and libraries2.1%

What stands out

50%

of Gibson City's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
50%$6.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$6.1 million
Running the government and other costs
21%$2.5 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$2.2 million
  • Central staff services (personnel, purchasing, technology)$333 thousand
Water, sewer, trash and utilities
19%$2.4 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$1.8 million
  • Water supply$574 thousand
Police, fire, courts and jails
8.1%$991 thousand
What's in police, fire, courts and jailsPolice
  • Police$991 thousand
Parks, recreation and libraries
2.1%$260 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$260 thousand
Sources and moreWhere these numbers come from and what they cover

City of Gibson City. 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 Gibson City 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.