Village government · Iroquois County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Milford took in $2.0 million and spent $1.6 million.

Latest recorded year: ended April 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (gas, water)67%State tax money22%Village taxes5.3%Federal tax money4.0%Fines and other1.8%

What stands out

67%

of Milford's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Village taxes5.3%

Property tax
5.1%$102 thousand
Other taxes
0.2%$5 thousand
What's in other taxesOther licenses
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services67%

Fees for services
67%$1.3 million
What's in fees for servicesGas; water and 2 more
  • Gas$899 thousand
  • Water$185 thousand
  • Sewer$153 thousand
  • Garbage collection$110 thousand

Amounts are by Census type of charge.

Federal tax money4.0%

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

From the federal government
4.0%$80 thousand

State tax money22%

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

From the state
22%$438 thousand

Fines and other1.8%

Interest, rents and other
1.6%$32 thousand
Fines
0.2%$5 thousand

Where it goes

Water, sewer, trash and utilities58%Running the government and other costs19%Police, fire, courts and jails13%Roads, transit and parking8.8%

What stands out

58%

of Milford'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%

Water, sewer, trash and utilities
58%$942 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$942 thousand
Running the government and other costs
19%$311 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$189 thousand
  • Other and not broken out$122 thousand
Police, fire, courts and jails
13%$216 thousand
What's in police, fire, courts and jailsPolice
  • Police$216 thousand
Roads, transit and parking
8.8%$142 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$142 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Milford. 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 Village of Milford 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.