Village government · McDonough County, IL

Good Hope's money: where it comes from and where it goes

In the latest recorded fiscal year (ended April 30, 2022), Good Hope took in $365 thousand and spent $311 thousand.

Latest recorded year: ended April 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (water, sewer)48%State tax money36%Federal tax money6.8%Fines and other6.0%Village taxes3.6%

What stands out

36%

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

Village taxes3.6%

Property tax
3.3%$12 thousand
Other taxes
0.3%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services48%

Fees for services
48%$175 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$95 thousand
  • Sewer$43 thousand
  • Garbage collection$37 thousand

Amounts are by Census type of charge.

Federal tax money6.8%

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

From the federal government
6.8%$25 thousand

State tax money36%

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

From the state
36%$130 thousand

Fines and other6.0%

Interest, rents and other
6.0%$22 thousand

Where it goes

Running the government and other costs52%Water, sewer, trash and utilities35%Roads, transit and parking11%Interest on debt1.3%

What stands out

52%

of Good Hope'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
52%$163 thousand
What's in running the government and other costsGovernment buildings and other government-run businesses
  • Government buildings$145 thousand
  • Other government-run businesses$18 thousand
Water, sewer, trash and utilities
35%$109 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$49 thousand
  • Garbage and solid waste$37 thousand
  • Sewer systems$23 thousand
Roads, transit and parking
11%$35 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$35 thousand
Interest on debt
1.3%$4 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Good Hope. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Good Hope 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.