Village government · Cook County, IL

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

In the latest recorded fiscal year (ended December 31, 2023), Palatine took in $126 million and spent $104 million.

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

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Where it comes from

Village taxes39%Fees for services (water, garbage collection)25%State tax money24%Fines and other7.6%Federal tax money2.9%County and local tax money2.6%

What stands out

24%

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

Village taxes39%

Property tax
27%$34.3 million
Other taxes
6.0%$7.6 million
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$3.1 million
  • Public utility taxes$2.8 million
  • Other selective sales taxes$1.7 million

Amounts are by Census tax category.

Sales tax
5.3%$6.6 million

Fees for services25%

Fees for services
25%$31.1 million
What's in fees for servicesWater; other service charges and 3 more
  • Water$13.1 million
  • Other service charges$8.4 million
  • Garbage collection$4.9 million
  • Sewer$4.3 million
  • Parking$419 thousand

Amounts are by Census type of charge.

Federal tax money2.9%

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

From the federal government
2.9%$3.6 million

State tax money24%

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

From the state
24%$29.6 million

County and local tax money2.6%

Money passed on by the county or other local governments.

From the county and other local governments
2.6%$3.2 million

Fines and other7.6%

Interest, rents and other
6.7%$8.4 million
Fines
0.9%$1.1 million

Where it goes

Police, fire, courts and jails54%Water, sewer, trash and utilities15%Roads, transit and parking13%Interest on debt7.1%Running the government and other costs7.0%Housing and community development3.8%

What stands out

54%

of Palatine's spending goes to police, fire, courts and jails.A typical U.S. city of 50,000+ people spends 25%.

Spending by category100%

Police, fire, courts and jails
54%$55.9 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$27.0 million
  • Fire protection$25.9 million
  • Inspections and regulation$2.9 million
Water, sewer, trash and utilities
15%$15.9 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$7.7 million
  • Garbage and solid waste$4.7 million
  • Sewer systems$3.5 million
Roads, transit and parking
13%$13.5 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$13.1 million
  • Parking$436 thousand
Interest on debt
7.1%$7.3 million
Running the government and other costs
7.0%$7.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$4.3 million
  • Finance, tax collection and budgeting$2.9 million
Housing and community development
3.8%$3.9 million
Sources and moreWhere these numbers come from and what they cover

Village of Palatine. 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 Palatine 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.