Village government · Woodford County, IL

Spring Bay's money: where it comes from and where it goes

In the latest recorded fiscal year (ended May 31, 2022), Spring Bay took in $192 thousand and spent $101 thousand.

Latest recorded year: ended May 31, 2022Comes fromGoes to

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Where it comes from

State tax money65%Federal tax money16%Village taxes13%Fines and other6.3%

What stands out

65%

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

Village taxes13%

Property tax
11%$21 thousand
Other taxes
1.6%$3 thousand
What's in other taxesOther licenses
  • Other licenses$3 thousand

Amounts are by Census tax category.

Federal tax money16%

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

From the federal government
16%$31 thousand

State tax money65%

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

From the state
65%$125 thousand

Fines and other6.3%

Interest, rents and other
6.3%$12 thousand

Where it goes

Roads, transit and parking52%Running the government and other costs33%Parks, recreation and libraries12%Police, fire, courts and jails3.0%

What stands out

52%

of Spring Bay's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
52%$53 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$53 thousand
Running the government and other costs
33%$33 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$33 thousand
Parks, recreation and libraries
12%$12 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$12 thousand
Police, fire, courts and jails
3.0%$3 thousand
What's in police, fire, courts and jailsPolice
  • Police$3 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Spring Bay. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended May 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Spring Bay 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.