Village government · Will County, IL

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

In the latest recorded fiscal year (ended March 31, 2024), Shorewood took in $38.6 million and spent $29.2 million.

Latest recorded year: ended March 31, 2024Comes fromGoes to

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Where it comes from

Village taxes34%Fees for services (sewer, water)30%State tax money28%Fines and other7.6%County and local tax money0.6%

What stands out

27%

of Shorewood's money comes from taxes other than property, sales and income taxes.A typical U.S. city of 10,000 to 50,000 people gets 6.1%.

Village taxes34%

Other taxes
27%$10.5 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$8.5 million
  • Other licenses$1.1 million
  • Public utility taxes$1.0 million

Amounts are by Census tax category.

Property tax
7.0%$2.7 million

Fees for services30%

Fees for services
30%$11.5 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$4.7 million
  • Water$3.3 million
  • Garbage collection$2.2 million
  • Other service charges$1.1 million
  • Parks and recreation$249 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$3 thousand

State tax money28%

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

From the state
28%$10.7 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$250 thousand

Fines and other7.6%

Interest, rents and other
7.6%$2.9 million

Where it goes

Running the government and other costs31%Roads, transit and parking24%Police, fire, courts and jails22%Water, sewer, trash and utilities15%Interest on debt4.0%Parks, recreation and libraries3.7%

What stands out

24%

of Shorewood's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Running the government and other costs
31%$9.1 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)$5.1 million
  • Other and not broken out$4.0 million
Roads, transit and parking
24%$7.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$7.1 million
Police, fire, courts and jails
22%$6.4 million
What's in police, fire, courts and jailsPolice
  • Police$6.4 million
Water, sewer, trash and utilities
15%$4.4 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$4.4 million
Interest on debt
4.0%$1.2 million
Parks, recreation and libraries
3.7%$1.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.1 million
Sources and moreWhere these numbers come from and what they cover

Village of Shorewood. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended March 31, 2024.

What this covers. The money of Village of Shorewood 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.