Village government · Cook County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Palos Park took in $9.3 million and spent $7.6 million.

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

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Where it comes from

Village taxes35%Fees for services (water, sewer)34%State tax money24%Fines and other6.7%Federal tax money0.2%

What stands out

14%

of Palos Park's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Village taxes35%

Property tax
17%$1.6 million
Other taxes
14%$1.3 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$469 thousand
  • Other licenses$437 thousand
  • Public utility taxes$434 thousand

Amounts are by Census tax category.

Sales tax
3.5%$322 thousand

Fees for services34%

Fees for services
34%$3.2 million
What's in fees for servicesWater; sewer and 3 more
  • Water$2.1 million
  • Sewer$512 thousand
  • Garbage collection$385 thousand
  • Other service charges$140 thousand
  • Parking$15 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$16 thousand

State tax money24%

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

From the state
24%$2.2 million

Fines and other6.7%

Interest, rents and other
6.0%$555 thousand
Fines
0.7%$62 thousand

Where it goes

Water, sewer, trash and utilities35%Police, fire, courts and jails34%Running the government and other costs15%Roads, transit and parking8.9%Interest on debt3.9%Parks, recreation and libraries3.7%

What stands out

34%

of Palos Park's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
35%$2.6 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$1.9 million
  • Garbage and solid waste$423 thousand
  • Sewer systems$326 thousand
Police, fire, courts and jails
34%$2.6 million
What's in police, fire, courts and jailsPolice
  • Police$2.6 million
Running the government and other costs
15%$1.1 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$515 thousand
  • Central staff services (personnel, purchasing, technology)$442 thousand
  • Finance, tax collection and budgeting$168 thousand
  • Government buildings$23 thousand
Roads, transit and parking
8.9%$676 thousand
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$653 thousand
  • Parking$23 thousand
Interest on debt
3.9%$300 thousand
Parks, recreation and libraries
3.7%$283 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$283 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Palos Park. 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 Palos 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.