Village government · Macoupin County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Palmyra took in $949 thousand and spent $786 thousand.

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

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Where it comes from

State tax money45%Fees for services (water, sewer)40%Fines and other12%Village taxes2.8%

What stands out

45%

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

Village taxes2.8%

Property tax
2.6%$25 thousand
Other taxes
0.2%$2 thousand
What's in other taxesOther licenses
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services40%

Fees for services
40%$380 thousand
What's in fees for servicesOther service charges; water and 1 more
  • Other service charges$176 thousand
  • Water$122 thousand
  • Sewer$82 thousand

Amounts are by Census type of charge.

State tax money45%

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

From the state
45%$428 thousand

Fines and other12%

Interest, rents and other
11%$104 thousand
Fines
1.1%$10 thousand

Where it goes

Water, sewer, trash and utilities31%Parks, recreation and libraries27%Running the government and other costs22%Police, fire, courts and jails15%Roads, transit and parking3.4%Interest on debt2.2%

What stands out

27%

of Palmyra'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
31%$243 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$166 thousand
  • Sewer systems$77 thousand
Parks, recreation and libraries
27%$211 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$211 thousand
Running the government and other costs
22%$174 thousand
What's in running the government and other costsFinance, tax collection and budgeting and other government-run businesses
  • Finance, tax collection and budgeting$147 thousand
  • Other government-run businesses$27 thousand
Police, fire, courts and jails
15%$114 thousand
What's in police, fire, courts and jailsPolice
  • Police$114 thousand
Roads, transit and parking
3.4%$27 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$27 thousand
Interest on debt
2.2%$17 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Palmyra. 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 Palmyra 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.