Village government · Lake County, IL

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

In the latest recorded fiscal year (ended April 30, 2024), Libertyville took in $68.9 million and spent $55.9 million.

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

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Where it comes from

Fees for services (sewer, water)40%State tax money29%Village taxes22%Fines and other5.1%County and local tax money3.9%

What stands out

29%

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

Village taxes22%

Property tax
14%$9.9 million
Other taxes
7.8%$5.4 million
What's in other taxesOther licenses; other selective sales taxes and 1 more
  • Other licenses$2.9 million
  • Other selective sales taxes$1.4 million
  • Public utility taxes$1.1 million

Amounts are by Census tax category.

Fees for services40%

Fees for services
40%$27.6 million
What's in fees for servicesSewer; other service charges and 4 more
  • Sewer$12.3 million
  • Other service charges$7.9 million
  • Water$6.1 million
  • Parks and recreation$1.0 million
  • Parking$219 thousand
  • Garbage collection$69 thousand

Amounts are by Census type of charge.

State tax money29%

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

From the state
29%$19.8 million

County and local tax money3.9%

Money passed on by the county or other local governments.

From the county and other local governments
3.9%$2.7 million

Fines and other5.1%

Interest, rents and other
4.4%$3.0 million
Fines
0.7%$452 thousand

Where it goes

Police, fire, courts and jails37%Water, sewer, trash and utilities37%Running the government and other costs13%Parks, recreation and libraries5.7%Roads, transit and parking4.9%Interest on debt2.8%

What stands out

37%

of Libertyville's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
37%$20.5 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$10.4 million
  • Police$10.1 million
Water, sewer, trash and utilities
37%$20.4 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$16.5 million
  • Sewer systems$4.0 million
Running the government and other costs
13%$7.4 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)$3.6 million
  • Other and not broken out$2.3 million
  • Finance, tax collection and budgeting$1.5 million
Parks, recreation and libraries
5.7%$3.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3.2 million
Roads, transit and parking
4.9%$2.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.7 million
Interest on debt
2.8%$1.6 million
Sources and moreWhere these numbers come from and what they cover

Village of Libertyville. 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 Libertyville 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.