School district · Tazewell County, IL
Illinois Central College's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Illinois Central College took in $100 million and spent $123 million.
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Where it comes from
What stands out
of Illinois Central College's money comes from property tax.A typical community or technical college district gets 15%.
School district taxes42%
Fees for services28%
What's in fees for servicesCollege tuition and university housing and dining
- College tuition$22.3 million
- University housing and dining$6.1 million
Amounts are by Census type of charge.
Federal tax money9.5%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money11%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other8.3%
Where it goes
Spending by category100%
What's in schools and collegesColleges and universities; college housing, dining and bookstores and 1 more
- Colleges and universities$108 million
- College housing, dining and bookstores$11.0 million
- Scholarships and other education subsidies$4.6 million
Sources and moreWhere these numbers come from and what they cover
Illinois Central College. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.
What this covers. The money of Illinois Central College 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.