Village government · Woodford County, IL
Panola's money: where it comes from and where it goes
In the latest recorded fiscal year (ended March 31, 2022), Panola took in $15 thousand.
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Where it comes from
What stands out
of Panola's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.
Village taxes13%
State tax money87%
Money the state passes on, paid for by the state taxes residents also pay.
Sources and moreWhere these numbers come from and what they cover
Village of Panola. 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 Village of Panola 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.