Township government · Cook County, IL

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

In the latest recorded fiscal year (ended February 28, 2022), Schaumburg Township took in $7.2 million and spent $6.1 million.

Latest recorded year: ended February 28, 2022Comes fromGoes to

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Where it comes from

Township taxes92%State tax money3.2%Fines and other3.0%Fees for services (transit fares)2.1%

What stands out

92%

of Schaumburg Township's money comes from property tax.A typical U.S. township or town of 50,000+ people gets 66%.

Township taxes92%

Property tax
92%$6.6 million

Fees for services2.1%

Fees for services
2.1%$149 thousand
What's in fees for servicesOther service charges and transit fares
  • Other service charges$135 thousand
  • Transit fares$14 thousand

Amounts are by Census type of charge.

State tax money3.2%

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

From the state
3.2%$228 thousand

Fines and other3.0%

Interest, rents and other
3.0%$212 thousand

Where it goes

Running the government and other costs52%Social services45%Roads, transit and parking2.9%Interest on debt0.2%

What stands out

45%

of Schaumburg Township's spending goes to social services.Most U.S. townships and towns of 50,000+ people spend nothing on this.

Spending by category100%

Running the government and other costs
52%$3.2 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)$2.2 million
  • Other and not broken out$1.0 million
Social services
45%$2.7 million
What's in social servicesOther public welfare
  • Other public welfare$2.7 million
Roads, transit and parking
2.9%$175 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$175 thousand
Interest on debt
0.2%$10 thousand
Sources and moreWhere these numbers come from and what they cover

Schaumburg Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended February 28, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Schaumburg 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.