Village government · Cook County, IL

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

In the latest recorded fiscal year (ended April 30, 2024), Homewood took in $38.7 million and spent $37.9 million.

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

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Where it comes from

Village taxes32%State tax money29%Fees for services (water)28%Fines and other6.6%County and local tax money4.4%Federal tax money0.3%

What stands out

29%

of Homewood's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

Village taxes32%

Property tax
16%$6.2 million
Other taxes
15%$5.7 million
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$3.9 million
  • Public utility taxes$1.1 million
  • Other licenses$678 thousand

Amounts are by Census tax category.

Sales tax
1.6%$601 thousand

Fees for services28%

Fees for services
28%$10.8 million
What's in fees for servicesWater and other service charges
  • Water$6.8 million
  • Other service charges$3.9 million

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$97 thousand

State tax money29%

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

From the state
29%$11.1 million

County and local tax money4.4%

Money passed on by the county or other local governments.

From the county and other local governments
4.4%$1.7 million

Fines and other6.6%

Interest, rents and other
5.5%$2.1 million
Fines
1.1%$432 thousand

Where it goes

Running the government and other costs37%Police, fire, courts and jails31%Water, sewer, trash and utilities19%Interest on debt7.4%Roads, transit and parking3.0%Housing and community development2.3%

What stands out

37%

of Homewood's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
37%$14.1 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$8.7 million
  • Other and not broken out$4.0 million
  • Finance, tax collection and budgeting$1.4 million
Police, fire, courts and jails
31%$11.8 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$7.5 million
  • Fire protection$4.3 million
Water, sewer, trash and utilities
19%$7.1 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$7.1 million
Interest on debt
7.4%$2.8 million
Roads, transit and parking
3.0%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Housing and community development
2.3%$888 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Homewood. 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 Homewood 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.