Village government · Champaign County, IL

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

In the latest recorded fiscal year (ended April 30, 2024), Rantoul took in $51.2 million and spent $49.6 million.

Latest recorded year: ended April 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, sewer)62%Village taxes18%State tax money9.4%County and local tax money6.6%Fines and other4.4%

What stands out

62%

of Rantoul's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

Village taxes18%

Other taxes
10%$5.1 million
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$3.9 million
  • Public utility taxes$876 thousand
  • Other licenses$359 thousand

Amounts are by Census tax category.

Property tax
7.1%$3.6 million
Sales tax
0.7%$358 thousand

Fees for services62%

Fees for services
62%$31.6 million
What's in fees for servicesElectric power; sewer and 5 more
  • Electric power$19.5 million
  • Sewer$3.6 million
  • Water$2.9 million
  • Other service charges$2.8 million
  • Gas$1.6 million
  • Garbage collection$662 thousand
  • Parks and recreation$451 thousand

Amounts are by Census type of charge.

State tax money9.4%

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

From the state
9.4%$4.8 million

County and local tax money6.6%

Money passed on by the county or other local governments.

From the county and other local governments
6.6%$3.4 million

Fines and other4.4%

Interest, rents and other
4.2%$2.1 million
Fines
0.2%$102 thousand

Where it goes

Water, sewer, trash and utilities54%Running the government and other costs25%Police, fire, courts and jails12%Parks, recreation and libraries5.5%Interest on debt2.1%All other spending1.6%

What stands out

54%

of Rantoul's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
54%$26.7 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 3 more
  • Electric power$19.3 million
  • Water supply$2.2 million
  • Sewer systems$2.0 million
  • Garbage and solid waste$1.7 million
  • Gas supply$1.4 million
Running the government and other costs
25%$12.6 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$7.1 million
  • Central staff services (personnel, purchasing, technology)$3.5 million
  • Government buildings$1.6 million
  • Finance, tax collection and budgeting$311 thousand
Police, fire, courts and jails
12%$5.8 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$4.9 million
  • Fire protection$504 thousand
  • Inspections and regulation$432 thousand
Parks, recreation and libraries
5.5%$2.7 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.0 million
  • Libraries$697 thousand
Interest on debt
2.1%$1.0 million
Roads, transit and parking
1.5%$754 thousand
What's in roads, transit and parkingAirports and roads and highways
  • Airports$589 thousand
  • Roads and highways$165 thousand
Housing and community development
<0.1%$29 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Rantoul. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended April 30, 2024.

What this covers. The money of Village of Rantoul 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.