Township government · Will County, IL

Troy Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), Troy Township took in $2.5 million and spent $1.7 million.

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

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Where it comes from

Township taxes80%State tax money19%Fines and other0.5%Federal tax money0.4%Fees for services<0.1%

What stands out

80%

of Troy Township's money comes from property tax.A typical U.S. township or town of 10,000 to 50,000 people gets 53%.

Township taxes80%

Property tax
80%$2.0 million

Fees for services<0.1%

Fees for services
<0.1%$2 thousand
What's in fees for servicesOther service charges
  • Other service charges$2 thousand

Amounts are by Census type of charge.

Federal tax money0.4%

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

From the federal government
0.4%$10 thousand

State tax money19%

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

From the state
19%$478 thousand

Fines and other0.5%

Interest, rents and other
0.4%$9 thousand
Fines
0.1%$3 thousand

Where it goes

Running the government and other costs58%Roads, transit and parking41%Social services1.2%Interest on debt0.5%

What stands out

41%

of Troy Township's spending goes to roads, transit and parking.A typical U.S. township or town of 10,000 to 50,000 people spends 9.2%.

Spending by category100%

Running the government and other costs
58%$984 thousand
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 1 more
  • Finance, tax collection and budgeting$605 thousand
  • Government buildings$288 thousand
  • Other and not broken out$91 thousand
Roads, transit and parking
41%$691 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$691 thousand
Social services
1.2%$20 thousand
What's in social servicesOther public welfare
  • Other public welfare$20 thousand
Interest on debt
0.5%$9 thousand
Sources and moreWhere these numbers come from and what they cover

Troy Township. 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 Troy Township 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.