Township government · Iron County, MI

Iron River Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), Iron River Township took in $750 thousand and spent $844 thousand.

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

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Where it comes from

Fees for services (sewer, water)50%Township taxes29%State tax money15%Federal tax money2.9%Fines and other2.3%

What stands out

50%

of Iron River Township's money comes from fees for services such as water, sewer and parking.Most U.S. townships and towns of under 10,000 people get none.

Township taxes29%

Property tax
29%$219 thousand
Other taxes
0.1%$1 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Fees for services50%

Fees for services
50%$377 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$205 thousand
  • Water$148 thousand
  • Other government-run businesses$16 thousand
  • Other service charges$8 thousand

Amounts are by Census type of charge.

Federal tax money2.9%

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

From the federal government
2.9%$22 thousand

State tax money15%

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

From the state
15%$114 thousand

Fines and other2.3%

Interest, rents and other
2.3%$17 thousand

Where it goes

Running the government and other costs29%Water, sewer, trash and utilities27%Roads, transit and parking26%Sent to other local governments9.1%Interest on debt6.0%Police, fire, courts and jails2.6%

What stands out

27%

of Iron River Township's spending goes to water, sewer, trash and other utilities.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
29%$243 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$92 thousand
  • Central staff services (personnel, purchasing, technology)$71 thousand
  • Finance, tax collection and budgeting$64 thousand
  • Government buildings$16 thousand
Water, sewer, trash and utilities
27%$228 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$228 thousand
Roads, transit and parking
26%$223 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$223 thousand
Sent to other local governments
9.1%$77 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$77 thousand
Interest on debt
6.0%$51 thousand
Police, fire, courts and jails
2.6%$22 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$22 thousand
Sources and moreWhere these numbers come from and what they cover

Iron River 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 Iron River 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.