Township government · Jackson County, MI

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

In the latest recorded fiscal year (ended June 30, 2022), Waterloo Township took in $669 thousand and spent $427 thousand.

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

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Where it comes from

State tax money50%Township taxes29%Fines and other20%Fees for services0.4%Federal tax money0.1%

What stands out

20%

of Waterloo 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 taxes29%

Property tax
23%$154 thousand
Other taxes
6.4%$43 thousand
What's in other taxesOccupation and business licenses; other selective sales taxes and 1 more
  • Occupation and business licenses$39 thousand
  • Other selective sales taxes$2 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services0.4%

Fees for services
0.4%$3 thousand
What's in fees for servicesOther service charges
  • Other service charges$3 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$1 thousand

State tax money50%

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

From the state
50%$335 thousand

Fines and other20%

Interest, rents and other
20%$133 thousand

Where it goes

Running the government and other costs61%Police, fire, courts and jails35%Interest on debt3.7%Parks, recreation and libraries0.5%

What stands out

35%

of Waterloo 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
61%$261 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)$80 thousand
  • Finance, tax collection and budgeting$76 thousand
  • Government buildings$69 thousand
  • Other and not broken out$36 thousand
Police, fire, courts and jails
35%$148 thousand
What's in police, fire, courts and jailsPolice; inspections and regulation and 1 more
  • Police$86 thousand
  • Inspections and regulation$32 thousand
  • Courts and legal services$30 thousand
Interest on debt
3.7%$16 thousand
Parks, recreation and libraries
0.5%$2 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2 thousand
Sources and moreWhere these numbers come from and what they cover

Waterloo Township. 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 Waterloo 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.