Township government · Newton County, IN

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

In the latest recorded fiscal year (ended December 31, 2021), Colfax Township took in $167 thousand and spent $26 thousand.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Township taxes55%Fines and other43%State tax money2.4%

What stands out

43%

of Colfax 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 taxes55%

Property tax
55%$92 thousand

State tax money2.4%

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

From the state
2.4%$4 thousand

Fines and other43%

Interest, rents and other
43%$71 thousand

Where it goes

Running the government and other costs62%Police, fire, courts and jails38%

What stands out

38%

of Colfax Township's spending goes to police, fire, courts and jails.A typical U.S. township or town of under 10,000 people spends 6.7%.

Spending by category100%

Running the government and other costs
62%$16 thousand
What's in running the government and other costsOther and not broken out
  • Other and not broken out$16 thousand
Police, fire, courts and jails
38%$10 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$10 thousand
Sources and moreWhere these numbers come from and what they cover

Colfax Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Colfax 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.