City government · Richland County, IL

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

In the latest recorded fiscal year (ended April 30, 2024), Olney took in $14.6 million and spent $9.9 million.

Latest recorded year: ended April 30, 2024Comes fromGoes to

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Where it comes from

State tax money34%Fees for services (water, sewer)29%City taxes24%Fines and other11%Federal tax money1.6%County and local tax money0.9%

What stands out

34%

of Olney's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

City taxes24%

Property tax
13%$1.8 million
Other taxes
11%$1.6 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$1.4 million
  • Other licenses$215 thousand
  • Public utility taxes$74 thousand

Amounts are by Census tax category.

Fees for services29%

Fees for services
29%$4.2 million
What's in fees for servicesWater; sewer and 3 more
  • Water$1.9 million
  • Sewer$1.6 million
  • Garbage collection$495 thousand
  • Other service charges$145 thousand
  • Parks and recreation$65 thousand

Amounts are by Census type of charge.

Federal tax money1.6%

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

From the federal government
1.6%$234 thousand

State tax money34%

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

From the state
34%$4.9 million

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$137 thousand

Fines and other11%

Interest, rents and other
11%$1.5 million
Fines
0.8%$110 thousand

Where it goes

Water, sewer, trash and utilities30%Police, fire, courts and jails23%Parks, recreation and libraries18%Roads, transit and parking15%Running the government and other costs14%Interest on debt0.5%

What stands out

18%

of Olney's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
30%$2.9 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$1.5 million
  • Sewer systems$908 thousand
  • Garbage and solid waste$485 thousand
Police, fire, courts and jails
23%$2.3 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.6 million
  • Fire protection$653 thousand
Parks, recreation and libraries
18%$1.8 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.5 million
  • Libraries$316 thousand
Roads, transit and parking
15%$1.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.5 million
Running the government and other costs
14%$1.3 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)$861 thousand
  • Other and not broken out$392 thousand
  • Finance, tax collection and budgeting$96 thousand
Interest on debt
0.5%$52 thousand
Sources and moreWhere these numbers come from and what they cover

City of Olney. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended April 30, 2024.

What this covers. The money of City of Olney 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.