Township government · Woodford County, IL
Montgomery Township's money: where it comes from and where it goes
In the latest recorded fiscal year (ended March 31, 2022), Montgomery Township took in $532 thousand and spent $318 thousand.
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Where it comes from
What stands out
of Montgomery Township's money comes from interest, rents and other revenue.A typical U.S. township or town of under 10,000 people gets 1%.
Township taxes70%
State tax money19%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other11%
Where it goes
What stands out
of Montgomery Township's spending goes to roads, transit and parking.A typical U.S. township or town of under 10,000 people spends 53%.
Spending by category100%
What's in roads, transit and parkingRoads and highways
- Roads and highways$258 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
- Central staff services (personnel, purchasing, technology)$60 thousand
Sources and moreWhere these numbers come from and what they cover
Montgomery Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of Montgomery Township 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.