Village government · Lake County, IL

Tower Lakes's money: where it comes from and where it goes

In the latest recorded fiscal year (ended April 30, 2022), Tower Lakes took in $1.8 million and spent $1.5 million.

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

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Where it comes from

Village taxes54%State tax money19%Fees for services (water)19%Federal tax money4.8%Fines and other2.5%

What stands out

48%

of Tower Lakes' money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes54%

Property tax
48%$850 thousand
Other taxes
5.5%$96 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$72 thousand
  • Other licenses$24 thousand

Amounts are by Census tax category.

Fees for services19%

Fees for services
19%$341 thousand
What's in fees for servicesWater and other service charges
  • Water$327 thousand
  • Other service charges$14 thousand

Amounts are by Census type of charge.

Federal tax money4.8%

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

From the federal government
4.8%$85 thousand

State tax money19%

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

From the state
19%$342 thousand

Fines and other2.5%

Interest, rents and other
1.8%$31 thousand
Fines
0.7%$13 thousand

Where it goes

Water, sewer, trash and utilities24%Roads, transit and parking22%Running the government and other costs22%Police, fire, courts and jails21%Interest on debt11%

What stands out

11%

of Tower Lakes' spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
24%$371 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$269 thousand
  • Garbage and solid waste$102 thousand
Roads, transit and parking
22%$345 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$345 thousand
Running the government and other costs
22%$334 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$264 thousand
  • Other and not broken out$70 thousand
Police, fire, courts and jails
21%$325 thousand
What's in police, fire, courts and jailsPolice
  • Police$325 thousand
Interest on debt
11%$167 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Tower Lakes. 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 Tower Lakes 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.