Village government · Cook County, IL

Hoffman Estates's money: where it comes from and where it goes

In the latest recorded fiscal year (ended April 30, 2024), Hoffman Estates took in $129 million and spent $127 million.

Latest recorded year: ended April 30, 2024Comes fromGoes to

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Where it comes from

Village taxes38%Fees for services (sewer, water)37%State tax money17%Fines and other5.6%County and local tax money2.8%

What stands out

17%

of Hoffman Estates' money comes from state tax money.A typical U.S. city of 50,000+ people gets 6.4%.

Village taxes38%

Property tax
23%$29.2 million
Other taxes
11%$14.6 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$9.5 million
  • Other licenses$2.6 million
  • Public utility taxes$2.4 million

Amounts are by Census tax category.

Sales tax
4.2%$5.4 million

Fees for services37%

Fees for services
37%$47.4 million
What's in fees for servicesOther service charges; sewer and 3 more
  • Other service charges$21.3 million
  • Sewer$11.5 million
  • Water$10.9 million
  • Garbage collection$3.1 million
  • Road charges$614 thousand

Amounts are by Census type of charge.

State tax money17%

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

From the state
17%$21.6 million

County and local tax money2.8%

Money passed on by the county or other local governments.

From the county and other local governments
2.8%$3.6 million

Fines and other5.6%

Interest, rents and other
4.5%$5.8 million
Fines
1.1%$1.4 million

Where it goes

Police, fire, courts and jails38%Water, sewer, trash and utilities18%Running the government and other costs17%Parks, recreation and libraries8.9%Roads, transit and parking7.7%All other spending11%

What stands out

38%

of Hoffman Estates' spending goes to police, fire, courts and jails.A typical U.S. city of 50,000+ people spends 25%.

Spending by category100%

Police, fire, courts and jails
38%$48.2 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$24.5 million
  • Fire protection$23.7 million
Water, sewer, trash and utilities
18%$22.7 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$18.8 million
  • Sewer systems$3.9 million
Running the government and other costs
17%$21.7 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$14.0 million
  • Central staff services (personnel, purchasing, technology)$5.3 million
  • Finance, tax collection and budgeting$1.2 million
  • Government buildings$1.2 million
Parks, recreation and libraries
8.9%$11.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$11.4 million
Roads, transit and parking
7.7%$9.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$9.8 million
Interest on debt
7.3%$9.3 million
Health and hospitals
2.3%$2.9 million
What's in health and hospitalsPublic health
  • Public health$2.9 million
Housing and community development
1.0%$1.3 million
Social services
<0.1%$71 thousand
What's in social servicesOther public welfare
  • Other public welfare$71 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Hoffman Estates. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended April 30, 2024.

What this covers. The money of Village of Hoffman Estates 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.