City government · Montgomery County, IL

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

In the latest recorded fiscal year (ended April 30, 2024), Litchfield took in $20.7 million and spent $17.4 million.

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

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Where it comes from

State tax money39%Fees for services (sewer, water)32%City taxes18%Fines and other8.4%Federal tax money2.7%

What stands out

39%

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

City taxes18%

Property tax
15%$3.0 million
Other taxes
3.5%$721 thousand
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$419 thousand
  • Other selective sales taxes$302 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$6.6 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$2.5 million
  • Water$2.4 million
  • Other service charges$1.1 million
  • Parks and recreation$549 thousand

Amounts are by Census type of charge.

Federal tax money2.7%

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

From the federal government
2.7%$553 thousand

State tax money39%

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

From the state
39%$8.1 million

Fines and other8.4%

Interest, rents and other
8.1%$1.7 million
Fines
0.3%$61 thousand

Where it goes

Running the government and other costs53%Water, sewer, trash and utilities17%Police, fire, courts and jails13%Roads, transit and parking8.2%Parks, recreation and libraries7.3%Interest on debt2.0%

What stands out

53%

of Litchfield'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
53%$9.2 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$4.5 million
  • Central staff services (personnel, purchasing, technology)$3.0 million
  • Government buildings$1.7 million
Water, sewer, trash and utilities
17%$3.0 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$2.8 million
  • Sewer systems$139 thousand
Police, fire, courts and jails
13%$2.2 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.8 million
  • Fire protection$417 thousand
Roads, transit and parking
8.2%$1.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.4 million
Parks, recreation and libraries
7.3%$1.3 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.3 million
Interest on debt
2.0%$353 thousand
Sources and moreWhere these numbers come from and what they cover

City of Litchfield. 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 City of Litchfield 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.