Village government · Winnebago County, IL
New Milford's money: where it comes from and where it goes
In the latest recorded fiscal year (ended May 31, 2022), New Milford took in $802 thousand and spent $564 thousand.
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Where it comes from
What stands out
of New Milford's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.
Village taxes5.2%
What's in other taxesPublic utility taxes and other licenses
- Public utility taxes$21 thousand
- Other licenses$15 thousand
Amounts are by Census tax category.
Federal tax money49%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money41%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other5.7%
Where it goes
What stands out
of New Milford's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.
Spending by category100%
What's in roads, transit and parkingRoads and highways
- Roads and highways$347 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
- Central staff services (personnel, purchasing, technology)$191 thousand
What's in police, fire, courts and jailsPolice
- Police$13 thousand
Sources and moreWhere these numbers come from and what they cover
Village of New Milford. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended May 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of Village of New 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.