Village government · Peoria County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Princeville took in $2.9 million and spent $2.2 million.

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

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Where it comes from

Village taxes39%Fees for services (water, sewer)31%State tax money24%Federal tax money3.9%Fines and other1.4%

What stands out

38%

of Princeville's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes39%

Property tax
38%$1.1 million
Other taxes
1.1%$32 thousand
What's in other taxesOther licenses
  • Other licenses$32 thousand

Amounts are by Census tax category.

Fees for services31%

Fees for services
31%$923 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$549 thousand
  • Sewer$190 thousand
  • Garbage collection$153 thousand
  • Parks and recreation$31 thousand

Amounts are by Census type of charge.

Federal tax money3.9%

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

From the federal government
3.9%$114 thousand

State tax money24%

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

From the state
24%$722 thousand

Fines and other1.4%

Interest, rents and other
1.4%$40 thousand

Where it goes

Water, sewer, trash and utilities38%Running the government and other costs36%Housing and community development8.8%Police, fire, courts and jails7.8%Roads, transit and parking5.0%All other spending4.6%

What stands out

8.8%

of Princeville's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
38%$824 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$444 thousand
  • Sewer systems$219 thousand
  • Garbage and solid waste$161 thousand
Running the government and other costs
36%$794 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$400 thousand
  • Other and not broken out$357 thousand
  • Finance, tax collection and budgeting$19 thousand
  • Government buildings$18 thousand
Housing and community development
8.8%$194 thousand
Police, fire, courts and jails
7.8%$172 thousand
What's in police, fire, courts and jailsPolice
  • Police$172 thousand
Roads, transit and parking
5.0%$110 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$110 thousand
Parks, recreation and libraries
4.3%$94 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$94 thousand
Interest on debt
0.4%$8 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Princeville. 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 Princeville 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.