City government · Montgomery County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Hillsboro took in $8.8 million and spent $7.7 million.

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

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Where it comes from

Fees for services (water, sewer)42%State tax money32%City taxes16%Federal tax money7.7%Fines and other2.9%County and local tax money0.2%

What stands out

32%

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

City taxes16%

Property tax
9.3%$822 thousand
Other taxes
6.3%$555 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$481 thousand
  • Other licenses$63 thousand
  • Other selective sales taxes$11 thousand

Amounts are by Census tax category.

Fees for services42%

Fees for services
42%$3.7 million
What's in fees for servicesWater; sewer and 2 more
  • Water$2.4 million
  • Sewer$947 thousand
  • Parks and recreation$382 thousand
  • Other service charges$41 thousand

Amounts are by Census type of charge.

Federal tax money7.7%

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

From the federal government
7.7%$679 thousand

State tax money32%

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

From the state
32%$2.8 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$15 thousand

Fines and other2.9%

Interest, rents and other
2.8%$246 thousand
Fines
0.1%$9 thousand

Where it goes

Water, sewer, trash and utilities37%Police, fire, courts and jails24%Running the government and other costs14%Roads, transit and parking13%Parks, recreation and libraries5.5%All other spending6.1%

What stands out

24%

of Hillsboro's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
37%$2.9 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$1.5 million
  • Sewer systems$1.3 million
Police, fire, courts and jails
24%$1.9 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$993 thousand
  • Fire protection$885 thousand
Running the government and other costs
14%$1.1 million
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 2 more
  • Finance, tax collection and budgeting$464 thousand
  • Government buildings$332 thousand
  • Other and not broken out$236 thousand
  • Central staff services (personnel, purchasing, technology)$22 thousand
Roads, transit and parking
13%$1.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.0 million
Parks, recreation and libraries
5.5%$424 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$424 thousand
Housing and community development
3.5%$273 thousand
Interest on debt
2.5%$196 thousand
Sources and moreWhere these numbers come from and what they cover

City of Hillsboro. 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 City of Hillsboro 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.