Village government · Kendall County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Newark took in $1.0 million and spent $726 thousand.

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

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Where it comes from

Village taxes50%State tax money41%Federal tax money6.8%Fines and other1.9%

What stands out

44%

of Newark's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Village taxes50%

Other taxes
44%$450 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$437 thousand
  • Other licenses$11 thousand
  • Other selective sales taxes$2 thousand

Amounts are by Census tax category.

Property tax
6.4%$66 thousand

Federal tax money6.8%

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

From the federal government
6.8%$70 thousand

State tax money41%

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

From the state
41%$423 thousand

Fines and other1.9%

Interest, rents and other
1.9%$20 thousand

Where it goes

Running the government and other costs43%Water, sewer, trash and utilities40%Roads, transit and parking16%Interest on debt1.1%

What stands out

43%

of Newark's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
43%$313 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$304 thousand
  • Central staff services (personnel, purchasing, technology)$8 thousand
  • Other and not broken out$1 thousand
Water, sewer, trash and utilities
40%$288 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$288 thousand
Roads, transit and parking
16%$117 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$117 thousand
Interest on debt
1.1%$8 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Newark. 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 Newark 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.