Village government · Montgomery County, IL

Taylor Springs's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), Taylor Springs took in $696 thousand and spent $1.3 million.

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

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Where it comes from

Fees for services (water)33%State tax money31%Fines and other15%Village taxes14%Federal tax money6.5%

What stands out

31%

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

Village taxes14%

Property tax
8.6%$60 thousand
Other taxes
5.5%$38 thousand
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$34 thousand
  • Other licenses$4 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$228 thousand
What's in fees for servicesWater and other service charges
  • Water$225 thousand
  • Other service charges$3 thousand

Amounts are by Census type of charge.

Federal tax money6.5%

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

From the federal government
6.5%$45 thousand

State tax money31%

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

From the state
31%$218 thousand

Fines and other15%

Interest, rents and other
15%$103 thousand
Fines
0.6%$4 thousand

Where it goes

Water, sewer, trash and utilities56%Running the government and other costs32%Police, fire, courts and jails9.3%Roads, transit and parking2.5%

What stands out

56%

of Taylor Springs' spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
56%$740 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$740 thousand
Running the government and other costs
32%$430 thousand
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$291 thousand
  • Central staff services (personnel, purchasing, technology)$139 thousand
Police, fire, courts and jails
9.3%$123 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$63 thousand
  • Fire protection$60 thousand
Roads, transit and parking
2.5%$33 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$33 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Taylor Springs. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 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 Taylor Springs 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.