Township government · Richland County, IL

Preston Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), Preston Township took in $318 thousand and spent $151 thousand.

Latest recorded year: ended March 31, 2022Comes fromGoes to

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Where it comes from

Township taxes85%County and local tax money7.2%State tax money5.7%Fines and other1.6%Fees for services0.6%

What stands out

7.2%

of Preston Township's money comes from county and other local tax money.Most U.S. townships and towns of under 10,000 people get none.

Township taxes85%

Property tax
85%$270 thousand

Fees for services0.6%

Fees for services
0.6%$2 thousand
What's in fees for servicesOther service charges
  • Other service charges$2 thousand

Amounts are by Census type of charge.

State tax money5.7%

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

From the state
5.7%$18 thousand

County and local tax money7.2%

Money passed on by the county or other local governments.

From the county and other local governments
7.2%$23 thousand

Fines and other1.6%

Interest, rents and other
1.6%$5 thousand

Where it goes

Roads, transit and parking58%Running the government and other costs40%Social services2.0%

What stands out

40%

of Preston Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Roads, transit and parking
58%$88 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$88 thousand
Running the government and other costs
40%$60 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$60 thousand
Social services
2.0%$3 thousand
What's in social servicesOther public welfare
  • Other public welfare$3 thousand
Sources and moreWhere these numbers come from and what they cover

Preston Township. 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 Preston Township 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.