Town government · Kosciusko County, IN

Silver Lake's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Silver Lake took in $1.6 million and spent $1.5 million.

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

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Where it comes from

Town taxes49%Fees for services (water, sewer)32%State tax money15%Fines and other4.7%

What stands out

16%

of Silver Lake's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes49%

Property tax
24%$373 thousand
Individual income tax
16%$253 thousand
Other taxes
9.0%$143 thousand
What's in other taxesOther taxes not classified elsewhere; motor vehicle licenses and 2 more
  • Other taxes not classified elsewhere$97 thousand
  • Motor vehicle licenses$31 thousand
  • Public utility taxes$14 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$503 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$265 thousand
  • Sewer$234 thousand
  • Other service charges$4 thousand

Amounts are by Census type of charge.

State tax money15%

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

From the state
15%$238 thousand

Fines and other4.7%

Interest, rents and other
4.7%$74 thousand

Where it goes

Roads, transit and parking37%Water, sewer, trash and utilities36%Police, fire, courts and jails17%Running the government and other costs7.9%Interest on debt1.7%Parks, recreation and libraries0.5%

What stands out

37%

of Silver Lake's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
37%$536 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$536 thousand
Water, sewer, trash and utilities
36%$533 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$258 thousand
  • Water supply$226 thousand
  • Garbage and solid waste$49 thousand
Police, fire, courts and jails
17%$246 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$155 thousand
  • Fire protection$84 thousand
  • Courts and legal services$7 thousand
Running the government and other costs
7.9%$115 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 2 more
  • Finance, tax collection and budgeting$42 thousand
  • Central staff services (personnel, purchasing, technology)$37 thousand
  • Government buildings$22 thousand
  • Other and not broken out$14 thousand
Interest on debt
1.7%$25 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$17 thousand
  • Interest on general debt$8 thousand
Parks, recreation and libraries
0.5%$8 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$8 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Silver Lake. 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 Town of Silver Lake 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.