Township government · Knox County, IL

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

In the latest recorded fiscal year (ended March 31, 2022), Truro Township took in $452 thousand and spent $208 thousand.

Latest recorded year: ended March 31, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money42%Township taxes40%Fines and other17%Fees for services0.4%

What stands out

17%

of Truro Township's money comes from interest, rents and other revenue.A typical U.S. township or town of under 10,000 people gets 1%.

Township taxes40%

Property tax
40%$182 thousand

Fees for services0.4%

Fees for services
0.4%$2 thousand
What's in fees for servicesOther service charges
  • Other service charges$2 thousand

Amounts are by Census type of charge.

State tax money42%

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

From the state
42%$190 thousand

Fines and other17%

Interest, rents and other
17%$78 thousand

Where it goes

Running the government and other costs52%Roads, transit and parking44%Health and hospitals3.4%Interest on debt0.5%

What stands out

52%

of Truro Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Running the government and other costs
52%$108 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other government-run businesses and 1 more
  • Central staff services (personnel, purchasing, technology)$72 thousand
  • Other government-run businesses$26 thousand
  • Other and not broken out$10 thousand
Roads, transit and parking
44%$92 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$92 thousand
Health and hospitals
3.4%$7 thousand
What's in health and hospitalsPublic health
  • Public health$7 thousand
Interest on debt
0.5%$1 thousand
Sources and moreWhere these numbers come from and what they cover

Truro Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Truro 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.