Village government · Tazewell County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Hopedale took in $1.4 million and spent $1.3 million.

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

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Where it comes from

Village taxes33%Fees for services (sewer, water)30%State tax money28%Fines and other4.7%Federal tax money4.1%

What stands out

28%

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

Village taxes33%

Property tax
28%$390 thousand
Other taxes
4.9%$67 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$65 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services30%

Fees for services
30%$415 thousand
What's in fees for servicesSewer and water
  • Sewer$277 thousand
  • Water$138 thousand

Amounts are by Census type of charge.

Federal tax money4.1%

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

From the federal government
4.1%$56 thousand

State tax money28%

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

From the state
28%$384 thousand

Fines and other4.7%

Interest, rents and other
4.4%$61 thousand
Fines
0.2%$3 thousand

Where it goes

Running the government and other costs40%Water, sewer, trash and utilities26%Roads, transit and parking16%Parks, recreation and libraries9.0%Police, fire, courts and jails6.2%Interest on debt2.7%

What stands out

40%

of Hopedale'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
40%$531 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$349 thousand
  • Other and not broken out$182 thousand
Water, sewer, trash and utilities
26%$350 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$213 thousand
  • Water supply$137 thousand
Roads, transit and parking
16%$210 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$210 thousand
Parks, recreation and libraries
9.0%$120 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$120 thousand
Police, fire, courts and jails
6.2%$82 thousand
What's in police, fire, courts and jailsPolice
  • Police$82 thousand
Interest on debt
2.7%$36 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Hopedale. 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 Hopedale 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.