Township government · Woodford County, IL

Olio Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), Olio Township took in $574 thousand and spent $589 thousand.

Latest recorded year: ended March 31, 2022Comes from Goes to

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Where it comes from

Township taxes86%State tax money9.2%County and local tax money3.8%Fines and other0.9%

What stands out

86%

of Olio Township's money comes from property tax.A typical U.S. township or town of under 10,000 people gets 52%.

Township taxes86%

Property tax

86%$494 thousand

State tax money9.2%

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

From the state

9.2%$53 thousand

County and local tax money3.8%

Money passed on by the county or other local governments.

From the county and other local governments

3.8%$22 thousand

Fines and other0.9%

Interest, rents and other

0.9%$5 thousand

Where it goes

Roads, transit and parking66%Running the government and other costs34%

What stands out

34%

of Olio Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Roads, transit and parking

66%$387 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$387 thousand

Running the government and other costs

34%$202 thousand

What's in running the government and other costsFinance, tax collection and budgeting; other government-run businesses and 1 more

Finance, tax collection and budgeting$120 thousand
Other government-run businesses$74 thousand
Other and not broken out$8 thousand

Sources and moreWhere these numbers come from and what they cover

Olio 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 Olio 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.