City government · Bureau County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Princeton took in $27.6 million and spent $25.6 million.

Latest recorded year: ended April 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, water)61%State tax money22%Fines and other9.2%City taxes6.3%Federal tax money0.6%County and local tax money0.6%

What stands out

61%

of Princeton's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes6.3%

Property tax
3.7%$1.0 million
Other taxes
2.6%$705 thousand
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$458 thousand
  • Public utility taxes$177 thousand
  • Other licenses$70 thousand

Amounts are by Census tax category.

Fees for services61%

Fees for services
61%$16.8 million
What's in fees for servicesElectric power; water and 2 more
  • Electric power$11.8 million
  • Water$2.7 million
  • Sewer$1.8 million
  • Garbage collection$512 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$177 thousand

State tax money22%

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

From the state
22%$6.1 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$167 thousand

Fines and other9.2%

Interest, rents and other
9.1%$2.5 million
Fines
0.1%$40 thousand

Where it goes

Water, sewer, trash and utilities53%Police, fire, courts and jails19%Roads, transit and parking13%Running the government and other costs9.3%Parks, recreation and libraries2.8%Interest on debt2.2%

What stands out

53%

of Princeton's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
53%$13.6 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$9.9 million
  • Sewer systems$2.0 million
  • Water supply$1.3 million
  • Garbage and solid waste$315 thousand
Police, fire, courts and jails
19%$5.0 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$2.8 million
  • Fire protection$2.2 million
Roads, transit and parking
13%$3.4 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$3.4 million
  • Parking$3 thousand
Running the government and other costs
9.3%$2.4 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$1.3 million
  • Central staff services (personnel, purchasing, technology)$799 thousand
  • Other government-run businesses$259 thousand
Parks, recreation and libraries
2.8%$706 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$560 thousand
  • Parks and recreation$146 thousand
Interest on debt
2.2%$553 thousand
Sources and moreWhere these numbers come from and what they cover

City of Princeton. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Princeton 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.