Township government · Hancock County, IL

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

In the latest recorded fiscal year (ended March 31, 2022), Hancock Township took in $139 thousand and spent $143 thousand.

Latest recorded year: ended March 31, 2022Comes fromGoes to

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Where it comes from

Township taxes66%State tax money20%Fees for services12%Fines and other2.2%

What stands out

12%

of Hancock Township's money comes from fees for services such as water, sewer and parking.Most U.S. townships and towns of under 10,000 people get none.

Township taxes66%

Property tax
66%$92 thousand

Fees for services12%

Fees for services
12%$16 thousand
What's in fees for servicesOther service charges
  • Other service charges$16 thousand

Amounts are by Census type of charge.

State tax money20%

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

From the state
20%$28 thousand

Fines and other2.2%

Interest, rents and other
2.2%$3 thousand

Where it goes

Roads, transit and parking56%Running the government and other costs43%Social services0.7%Sent to other local governments0.7%

What stands out

43%

of Hancock Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Roads, transit and parking
56%$80 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$80 thousand
Running the government and other costs
43%$61 thousand
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 2 more
  • Finance, tax collection and budgeting$47 thousand
  • Government buildings$6 thousand
  • Other and not broken out$4 thousand
  • Other government-run businesses$4 thousand
Social services
0.7%$1 thousand
What's in social servicesOther public welfare
  • Other public welfare$1 thousand
Sent to other local governments
0.7%$1 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$1 thousand
Sources and moreWhere these numbers come from and what they cover

Hancock Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Hancock 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.