Village government · McLean County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Towanda took in $533 thousand and spent $403 thousand.

Latest recorded year: ended April 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (water, garbage collection)35%State tax money34%Village taxes23%County and local tax money5.8%Fines and other3.0%

What stands out

34%

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

Village taxes23%

Property tax
15%$78 thousand
Other taxes
7.9%$42 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$40 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services35%

Fees for services
35%$186 thousand
What's in fees for servicesWater; garbage collection and 1 more
  • Water$121 thousand
  • Garbage collection$59 thousand
  • Other service charges$6 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%$180 thousand

County and local tax money5.8%

Money passed on by the county or other local governments.

From the county and other local governments
5.8%$31 thousand

Fines and other3.0%

Interest, rents and other
3.0%$16 thousand

Where it goes

Running the government and other costs51%Water, sewer, trash and utilities43%Roads, transit and parking2.7%Parks, recreation and libraries1.7%Interest on debt0.7%

What stands out

51%

of Towanda's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
51%$207 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$192 thousand
  • Central staff services (personnel, purchasing, technology)$9 thousand
  • Other and not broken out$6 thousand
Water, sewer, trash and utilities
43%$175 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$115 thousand
  • Garbage and solid waste$60 thousand
Roads, transit and parking
2.7%$11 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$11 thousand
Parks, recreation and libraries
1.7%$7 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$7 thousand
Interest on debt
0.7%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Towanda. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Towanda 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.