Village government · Champaign County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Savoy took in $10.3 million and spent $6.1 million.

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

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Where it comes from

State tax money46%Village taxes36%County and local tax money7.8%Fees for services (sewer)5.6%Fines and other5.3%

What stands out

46%

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

Village taxes36%

Property tax
21%$2.1 million
Other taxes
8.4%$866 thousand
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$586 thousand
  • Other licenses$280 thousand

Amounts are by Census tax category.

Sales tax
6.5%$669 thousand

Fees for services5.6%

Fees for services
5.6%$576 thousand
What's in fees for servicesSewer and other service charges
  • Sewer$316 thousand
  • Other service charges$260 thousand

Amounts are by Census type of charge.

State tax money46%

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

From the state
46%$4.7 million

County and local tax money7.8%

Money passed on by the county or other local governments.

From the county and other local governments
7.8%$799 thousand

Fines and other5.3%

Interest, rents and other
5.3%$542 thousand

Where it goes

Running the government and other costs64%Roads, transit and parking25%Police, fire, courts and jails8.5%Water, sewer, trash and utilities1.7%Interest on debt1.5%

What stands out

64%

of Savoy's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
64%$3.9 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$2.4 million
  • Other and not broken out$1.4 million
Roads, transit and parking
25%$1.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.5 million
Police, fire, courts and jails
8.5%$515 thousand
What's in police, fire, courts and jailsPolice
  • Police$515 thousand
Water, sewer, trash and utilities
1.7%$100 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$100 thousand
Interest on debt
1.5%$92 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Savoy. 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 Savoy 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.