City government · Henry County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Hillsboro took in $244 thousand and spent $270 thousand.

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

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Where it comes from

Fees for services (water, sewer)31%City taxes26%Fines and other20%County and local tax money9.8%State tax money7.0%Federal tax money5.3%

What stands out

20%

of Hillsboro's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

City taxes26%

Property tax
18%$44 thousand
Sales tax
8.2%$20 thousand

Fees for services31%

Fees for services
31%$76 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$36 thousand
  • Sewer$26 thousand
  • Garbage collection$14 thousand

Amounts are by Census type of charge.

Federal tax money5.3%

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

From the federal government
5.3%$13 thousand

State tax money7.0%

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

From the state
7.0%$17 thousand

County and local tax money9.8%

Money passed on by the county or other local governments.

From the county and other local governments
9.8%$24 thousand

Fines and other20%

Interest, rents and other
20%$50 thousand

Where it goes

Water, sewer, trash and utilities53%Running the government and other costs24%Police, fire, courts and jails11%Roads, transit and parking4.4%Housing and community development3.7%All other spending3.7%

What stands out

53%

of Hillsboro's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
53%$143 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$107 thousand
  • Water supply$20 thousand
  • Garbage and solid waste$16 thousand
Running the government and other costs
24%$66 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$20 thousand
  • Other and not broken out$18 thousand
  • Finance, tax collection and budgeting$16 thousand
  • Government buildings$12 thousand
Police, fire, courts and jails
11%$29 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$27 thousand
  • Courts and legal services$2 thousand
Roads, transit and parking
4.4%$12 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$12 thousand
Housing and community development
3.7%$10 thousand
Parks, recreation and libraries
2.6%$7 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$7 thousand
Interest on debt
1.1%$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Hillsboro. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 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 Hillsboro 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.