Township government · Lake County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), Madison Township took in $5.9 million and spent $5.8 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Township taxes83%Federal tax money14%Fines and other2.3%State tax money0.8%

What stands out

14%

of Madison Township's money comes from federal tax money.Most U.S. townships and towns of 10,000 to 50,000 people get none.

Township taxes83%

Property tax
81%$4.8 million
Other taxes
2.3%$134 thousand
What's in other taxesMotor vehicle licenses and alcoholic beverage licenses
  • Motor vehicle licenses$105 thousand
  • Alcoholic beverage licenses$29 thousand

Amounts are by Census tax category.

Federal tax money14%

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

From the federal government
14%$816 thousand

State tax money0.8%

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

From the state
0.8%$45 thousand

Fines and other2.3%

Interest, rents and other
1.9%$110 thousand
Fines
0.4%$26 thousand

Where it goes

Police, fire, courts and jails49%Roads, transit and parking34%Running the government and other costs17%Interest on debt<0.1%

What stands out

49%

of Madison Township's spending goes to police, fire, courts and jails.A typical U.S. township or town of 10,000 to 50,000 people spends 16%.

Spending by category100%

Police, fire, courts and jails
49%$2.9 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$2.8 million
  • Courts and legal services$18 thousand
Roads, transit and parking
34%$1.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.9 million
Running the government and other costs
17%$990 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$904 thousand
  • Finance, tax collection and budgeting$86 thousand
Interest on debt
<0.1%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Madison Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Madison 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.