Village government · Mahoning County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), Beloit took in $1.7 million and spent $2.1 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Village taxes52%Fees for services (water, sewer)40%Fines and other4.2%State tax money3.8%

What stands out

39%

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

Village taxes52%

Individual income tax
39%$665 thousand
Property tax
12%$207 thousand
Other taxes
0.9%$16 thousand
What's in other taxesOther licenses
  • Other licenses$16 thousand

Amounts are by Census tax category.

Fees for services40%

Fees for services
40%$691 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$356 thousand
  • Sewer$216 thousand
  • Garbage collection$63 thousand
  • Other service charges$56 thousand

Amounts are by Census type of charge.

State tax money3.8%

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

From the state
3.8%$66 thousand

Fines and other4.2%

Interest, rents and other
4.1%$70 thousand
Fines
0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities45%Police, fire, courts and jails19%Running the government and other costs15%Roads, transit and parking6.6%Health and hospitals6.0%All other spending8.0%

What stands out

6%

of Beloit's spending goes to health services and hospitals.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
45%$959 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$601 thousand
  • Sewer systems$283 thousand
  • Garbage and solid waste$75 thousand
Police, fire, courts and jails
19%$403 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$300 thousand
  • Fire protection$56 thousand
  • Inspections and regulation$30 thousand
  • Courts and legal services$17 thousand
Running the government and other costs
15%$325 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$195 thousand
  • Central staff services (personnel, purchasing, technology)$70 thousand
  • Finance, tax collection and budgeting$45 thousand
  • Government buildings$15 thousand
Roads, transit and parking
6.6%$141 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$141 thousand
Health and hospitals
6.0%$128 thousand
What's in health and hospitalsPublic health
  • Public health$128 thousand
Parks, recreation and libraries
5.1%$108 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$108 thousand
Interest on debt
1.3%$28 thousand
Sent to other local governments
1.1%$23 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$23 thousand
Housing and community development
0.5%$10 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Beloit. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Beloit 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.