Village government · Kane County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Montgomery took in $31.0 million and spent $28.4 million.

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

See every government that serves your ZIP

Where it comes from

State tax money36%Village taxes31%Fees for services (water, garbage collection)29%Fines and other3.6%County and local tax money0.4%

What stands out

36%

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

Village taxes31%

Property tax
13%$3.9 million
Sales tax
12%$3.9 million
Other taxes
6.3%$1.9 million
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$1.3 million
  • Other licenses$612 thousand

Amounts are by Census tax category.

Fees for services29%

Fees for services
29%$8.8 million
What's in fees for servicesWater; other service charges and 1 more
  • Water$5.8 million
  • Other service charges$1.6 million
  • Garbage collection$1.4 million

Amounts are by Census type of charge.

State tax money36%

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

From the state
36%$11.2 million

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$125 thousand

Fines and other3.6%

Interest, rents and other
2.8%$863 thousand
Fines
0.8%$246 thousand

Where it goes

Running the government and other costs26%Water, sewer, trash and utilities24%Roads, transit and parking24%Police, fire, courts and jails22%Interest on debt3.3%

What stands out

24%

of Montgomery's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Running the government and other costs
26%$7.5 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$6.3 million
  • Other and not broken out$657 thousand
  • Finance, tax collection and budgeting$538 thousand
Water, sewer, trash and utilities
24%$6.9 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$5.6 million
  • Garbage and solid waste$1.4 million
Roads, transit and parking
24%$6.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$6.8 million
Police, fire, courts and jails
22%$6.2 million
What's in police, fire, courts and jailsPolice
  • Police$6.2 million
Interest on debt
3.3%$938 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Montgomery. 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 Montgomery 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.