Village government · Cook County, IL

Oak Park's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Oak Park took in $128 million and spent $119 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Village taxes42%Fees for services (water, parking)27%State tax money19%Federal tax money7.8%Fines and other4.2%County and local tax money0.8%

What stands out

19%

of Oak Park's money comes from state tax money.A typical U.S. city of 50,000+ people gets 6.4%.

Village taxes42%

Property tax
29%$37.3 million
Other taxes
13%$16.8 million
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$10.3 million
  • Public utility taxes$3.5 million
  • Other licenses$3.0 million

Amounts are by Census tax category.

Fees for services27%

Fees for services
27%$34.1 million
What's in fees for servicesWater; other service charges and 1 more
  • Water$20.0 million
  • Other service charges$7.8 million
  • Parking$6.3 million

Amounts are by Census type of charge.

Federal tax money7.8%

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

From the federal government
7.8%$10.0 million

State tax money19%

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

From the state
19%$23.7 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$967 thousand

Fines and other4.2%

Interest, rents and other
3.2%$4.1 million
Fines
1.0%$1.2 million

Where it goes

Police, fire, courts and jails35%Roads, transit and parking18%Water, sewer, trash and utilities18%Running the government and other costs11%Interest on debt9.2%All other spending8.5%

What stands out

9.2%

of Oak Park's spending goes to interest on debt.A typical U.S. city of 50,000+ people spends 2.5%.

Spending by category100%

Police, fire, courts and jails
35%$41.9 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$24.1 million
  • Fire protection$17.8 million
Roads, transit and parking
18%$21.9 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$18.8 million
  • Parking$3.1 million
Water, sewer, trash and utilities
18%$21.0 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$17.2 million
  • Garbage and solid waste$3.8 million
Running the government and other costs
11%$13.2 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)$9.0 million
  • Other and not broken out$2.8 million
  • Finance, tax collection and budgeting$1.4 million
Interest on debt
9.2%$10.9 million
Housing and community development
6.1%$7.2 million
Health and hospitals
2.1%$2.5 million
What's in health and hospitalsPublic health
  • Public health$2.5 million
Parks, recreation and libraries
0.3%$347 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$347 thousand
Social services
<0.1%$26 thousand
What's in social servicesOther public welfare
  • Other public welfare$26 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Oak Park. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Village of Oak Park 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.