Village government · Cook County, IL

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

In the latest recorded fiscal year (ended April 30, 2024), Schaumburg took in $267 million and spent $230 million.

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

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Where it comes from

Fees for services (water, transit fares)35%Village taxes29%State tax money23%County and local tax money7.6%Fines and other4.6%Federal tax money1.6%

What stands out

23%

of Schaumburg's money comes from state tax money.A typical U.S. city of 50,000+ people gets 6.4%.

Village taxes29%

Sales tax
13%$33.7 million
Other taxes
9.0%$24.1 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$17.8 million
  • Other licenses$4.4 million
  • Public utility taxes$1.9 million

Amounts are by Census tax category.

Property tax
7.2%$19.3 million

Fees for services35%

Fees for services
35%$92.2 million
What's in fees for servicesOther service charges; water and 2 more
  • Other service charges$54.4 million
  • Water$36.9 million
  • Transit fares$630 thousand
  • Parks and recreation$221 thousand

Amounts are by Census type of charge.

Federal tax money1.6%

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

From the federal government
1.6%$4.2 million

State tax money23%

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

From the state
23%$61.1 million

County and local tax money7.6%

Money passed on by the county or other local governments.

From the county and other local governments
7.6%$20.2 million

Fines and other4.6%

Interest, rents and other
3.9%$10.4 million
Fines
0.7%$1.8 million

Where it goes

Running the government and other costs33%Police, fire, courts and jails28%Parks, recreation and libraries17%Roads, transit and parking15%Interest on debt6.6%All other spending0.8%

What stands out

33%

of Schaumburg's spending goes to running the government and other costs.A typical U.S. city of 50,000+ people spends 16%.

Spending by category100%

Running the government and other costs
33%$76.8 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$45.6 million
  • Other and not broken out$27.1 million
  • Finance, tax collection and budgeting$4.0 million
Police, fire, courts and jails
28%$64.2 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$33.2 million
  • Fire protection$29.6 million
  • Inspections and regulation$1.3 million
Parks, recreation and libraries
17%$38.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$38.5 million
Roads, transit and parking
15%$33.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$33.6 million
Interest on debt
6.6%$15.3 million
Social services
0.4%$977 thousand
What's in social servicesOther public welfare
  • Other public welfare$977 thousand
Health and hospitals
0.3%$620 thousand
What's in health and hospitalsPublic health
  • Public health$620 thousand
Housing and community development
<0.1%$201 thousand
Sent to other local governments
<0.1%$44 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$44 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Schaumburg. 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 Schaumburg 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.