City government · Winnebago County, IL

Loves Park's money: where it comes from and where it goes

In the latest recorded fiscal year (ended April 30, 2022), Loves Park took in $35.3 million and spent $27.1 million.

Latest recorded year: ended April 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money53%City taxes22%Fees for services (water, garbage collection)18%Fines and other5.3%Federal tax money1.6%

What stands out

53%

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

City taxes22%

Other taxes
21%$7.5 million
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$3.3 million
  • Public utility taxes$2.2 million
  • Other licenses$2.1 million

Amounts are by Census tax category.

Property tax
0.9%$323 thousand

Fees for services18%

Fees for services
18%$6.2 million
What's in fees for servicesWater and garbage collection
  • Water$4.2 million
  • Garbage collection$2.1 million

Amounts are by Census type of charge.

Federal tax money1.6%

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

From the federal government
1.6%$580 thousand

State tax money53%

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

From the state
53%$18.8 million

Fines and other5.3%

Interest, rents and other
3.9%$1.4 million
Fines
1.4%$504 thousand

Where it goes

Running the government and other costs31%Police, fire, courts and jails30%Water, sewer, trash and utilities23%Roads, transit and parking8.9%Interest on debt3.4%All other spending3.4%

What stands out

31%

of Loves Park's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
31%$8.5 million
What's in running the government and other costsGovernment buildings; central staff services (personnel, purchasing, technology) and 2 more
  • Government buildings$5.5 million
  • Central staff services (personnel, purchasing, technology)$1.3 million
  • Other and not broken out$1.0 million
  • Finance, tax collection and budgeting$655 thousand
Police, fire, courts and jails
30%$8.2 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$5.8 million
  • Fire protection$2.4 million
Water, sewer, trash and utilities
23%$6.1 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$6.1 million
Roads, transit and parking
8.9%$2.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.4 million
Interest on debt
3.4%$912 thousand
Sent to other local governments
3.1%$829 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$829 thousand
Health and hospitals
0.4%$100 thousand
What's in health and hospitalsPublic health
  • Public health$100 thousand
Sources and moreWhere these numbers come from and what they cover

City of Loves Park. 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 City of Loves Park 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.