Village government · Cook County, IL

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

In the latest recorded fiscal year (ended December 31, 2021), Summit took in $19.7 million and spent $20.1 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Village taxes46%State tax money29%Fees for services (water)18%Fines and other6.3%Federal tax money1.3%

What stands out

29%

of Summit's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

Village taxes46%

Property tax
23%$4.6 million
Other taxes
22%$4.4 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$1.7 million
  • Other licenses$1.6 million
  • Public utility taxes$989 thousand

Amounts are by Census tax category.

Fees for services18%

Fees for services
18%$3.5 million
What's in fees for servicesWater and other service charges
  • Water$3.3 million
  • Other service charges$245 thousand

Amounts are by Census type of charge.

Federal tax money1.3%

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

From the federal government
1.3%$264 thousand

State tax money29%

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

From the state
29%$5.7 million

Fines and other6.3%

Fines
4.9%$970 thousand
Interest, rents and other
1.4%$267 thousand

Where it goes

Police, fire, courts and jails41%Running the government and other costs32%Water, sewer, trash and utilities16%Roads, transit and parking10%Interest on debt0.1%

What stands out

32%

of Summit's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Police, fire, courts and jails
41%$8.2 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$6.6 million
  • Fire protection$1.1 million
  • Inspections and regulation$385 thousand
Running the government and other costs
32%$6.5 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$6.0 million
  • Finance, tax collection and budgeting$443 thousand
  • Other and not broken out$14 thousand
Water, sewer, trash and utilities
16%$3.3 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$2.8 million
  • Garbage and solid waste$529 thousand
Roads, transit and parking
10%$2.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.1 million
Interest on debt
0.1%$25 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Summit. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. 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 Summit 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.