Township government · Antrim County, MI

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

In the latest recorded fiscal year (ended March 31, 2022), Banks Township took in $632 thousand and spent $839 thousand.

Latest recorded year: ended March 31, 2022Comes fromGoes to

See every government that serves your ZIP

Where it comes from

Township taxes54%State tax money22%Fines and other21%Fees for services3.3%

What stands out

21%

of Banks 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 taxes54%

Property tax
53%$337 thousand
Other taxes
0.5%$3 thousand
What's in other taxesOther licenses
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services3.3%

Fees for services
3.3%$21 thousand
What's in fees for servicesOther service charges
  • Other service charges$21 thousand

Amounts are by Census type of charge.

State tax money22%

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

From the state
22%$140 thousand

Fines and other21%

Interest, rents and other
21%$131 thousand

Where it goes

Running the government and other costs30%Roads, transit and parking24%Sent to other local governments24%Police, fire, courts and jails16%Parks, recreation and libraries2.7%All other spending3.5%

What stands out

24%

of Banks Township's spending goes to local governments.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
30%$251 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
  • Central staff services (personnel, purchasing, technology)$106 thousand
  • Finance, tax collection and budgeting$58 thousand
  • Other and not broken out$57 thousand
  • Government buildings$30 thousand
Roads, transit and parking
24%$200 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$200 thousand
Sent to other local governments
24%$200 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$200 thousand
Police, fire, courts and jails
16%$136 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$130 thousand
  • Courts and legal services$6 thousand
Parks, recreation and libraries
2.7%$23 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$16 thousand
  • Libraries$7 thousand
Water, sewer, trash and utilities
2.3%$19 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$19 thousand
Health and hospitals
1.2%$10 thousand
What's in health and hospitalsPublic health
  • Public health$10 thousand
Sources and moreWhere these numbers come from and what they cover

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

What this covers. The money of Banks 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.