Town government · Putnam County, IL
Magnolia's money: where it comes from and where it goes
In the latest recorded fiscal year (ended April 30, 2022), Magnolia took in $226 thousand and spent $247 thousand.
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Where it comes from
What stands out
of Magnolia's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.
Town taxes19%
What's in other taxesPublic utility taxes and other licenses
- Public utility taxes$17 thousand
- Other licenses$1 thousand
Amounts are by Census tax category.
Fees for services24%
What's in fees for servicesWater
- Water$55 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 other11%
Where it goes
What stands out
of Magnolia's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.
Spending by category100%
What's in water, sewer, trash and utilitiesWater supply
- Water supply$140 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$56 thousand
What's in running the government and other costsFinance, tax collection and budgeting
- Finance, tax collection and budgeting$24 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
- Libraries$13 thousand
- Parks and recreation$5 thousand
Sources and moreWhere these numbers come from and what they cover
Town of Magnolia. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of Town of Magnolia 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.