Village government · McLean County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Stanford took in $621 thousand and spent $1.2 million.

Latest recorded year: ended April 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money34%Village taxes26%Fees for services (water)25%Fines and other15%

What stands out

34%

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

Village taxes26%

Property tax
17%$107 thousand
Other taxes
9.0%$56 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$54 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services25%

Fees for services
25%$154 thousand
What's in fees for servicesWater
  • Water$154 thousand

Amounts are by Census type of charge.

State tax money34%

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

From the state
34%$209 thousand

Fines and other15%

Interest, rents and other
14%$88 thousand
Fines
1.1%$7 thousand

Where it goes

Roads, transit and parking71%Running the government and other costs12%Water, sewer, trash and utilities10%Police, fire, courts and jails7.0%Sent to other local governments0.3%Interest on debt<0.1%

What stands out

71%

of Stanford'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
71%$834 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$834 thousand
Running the government and other costs
12%$142 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$142 thousand
Water, sewer, trash and utilities
10%$118 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$118 thousand
Police, fire, courts and jails
7.0%$83 thousand
What's in police, fire, courts and jailsPolice
  • Police$83 thousand
Sent to other local governments
0.3%$3 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$3 thousand
Interest on debt
<0.1%$1 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Stanford. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Stanford 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.