City government · Madison County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Troy took in $16.6 million and spent $14.4 million.

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

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Where it comes from

State tax money38%Fees for services (water, sewer)37%City taxes19%Federal tax money4.3%Fines and other2.0%

What stands out

38%

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

City taxes19%

Property tax
14%$2.4 million
Other taxes
4.7%$771 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$326 thousand
  • Other selective sales taxes$272 thousand
  • Other licenses$173 thousand

Amounts are by Census tax category.

Fees for services37%

Fees for services
37%$6.1 million
What's in fees for servicesWater; sewer and 2 more
  • Water$3.1 million
  • Sewer$1.9 million
  • Garbage collection$929 thousand
  • Other service charges$217 thousand

Amounts are by Census type of charge.

Federal tax money4.3%

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

From the federal government
4.3%$706 thousand

State tax money38%

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

From the state
38%$6.3 million

Fines and other2.0%

Interest, rents and other
1.4%$228 thousand
Fines
0.6%$106 thousand

Where it goes

Water, sewer, trash and utilities28%Police, fire, courts and jails28%Roads, transit and parking21%Running the government and other costs20%Interest on debt1.9%Parks, recreation and libraries1.3%

What stands out

21%

of Troy's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
28%$4.0 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$3.0 million
  • Sewer systems$1.0 million
Police, fire, courts and jails
28%$4.0 million
What's in police, fire, courts and jailsPolice
  • Police$4.0 million
Roads, transit and parking
21%$3.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.0 million
Running the government and other costs
20%$2.9 million
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)$2.7 million
  • Other and not broken out$198 thousand
Interest on debt
1.9%$278 thousand
Parks, recreation and libraries
1.3%$183 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$183 thousand
Sources and moreWhere these numbers come from and what they cover

City of Troy. 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 City of Troy 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.