Village government · Adams County, IL
Loraine's money: where it comes from and where it goes
In the latest recorded fiscal year (ended April 30, 2022), Loraine took in $246 thousand and spent $154 thousand.
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Where it comes from
What stands out
of Loraine's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.
Village taxes4.5%
What's in other taxesOther licenses
- Other licenses$1 thousand
Amounts are by Census tax category.
Fees for services25%
What's in fees for servicesWater
- Water$61 thousand
Amounts are by Census type of charge.
State tax money46%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other24%
Where it goes
What stands out
of Loraine's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.
Spending by category100%
What's in running the government and other costsFinance, tax collection and budgeting
- Finance, tax collection and budgeting$61 thousand
What's in water, sewer, trash and utilitiesWater supply
- Water supply$60 thousand
What's in parks, recreation and librariesParks and recreation
- Parks and recreation$20 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$13 thousand
Sources and moreWhere these numbers come from and what they cover
Village of Loraine. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of Village of Loraine 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.