Village government · Lake County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), Madison took in $4.5 million and spent $3.6 million.

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

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Where it comes from

Village taxes40%Fees for services (water, sewer)33%Fines and other12%County and local tax money10%Federal tax money3.7%State tax money0.8%

What stands out

27%

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

Village taxes40%

Individual income tax
27%$1.2 million
Other taxes
7.8%$352 thousand
What's in other taxesMotor fuel taxes; other selective sales taxes and 3 more
  • Motor fuel taxes$186 thousand
  • Other selective sales taxes$112 thousand
  • Motor vehicle licenses$40 thousand
  • Alcoholic beverage licenses$12 thousand
  • Other taxes not classified elsewhere$2 thousand

Amounts are by Census tax category.

Property tax
3.4%$155 thousand
Business income tax
2.0%$90 thousand

Fees for services33%

Fees for services
33%$1.5 million
What's in fees for servicesWater; sewer and 2 more
  • Water$758 thousand
  • Sewer$656 thousand
  • Other service charges$42 thousand
  • Other government-run businesses$37 thousand

Amounts are by Census type of charge.

Federal tax money3.7%

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

From the federal government
3.7%$166 thousand

State tax money0.8%

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

From the state
0.8%$35 thousand

County and local tax money10%

Money passed on by the county or other local governments.

From the county and other local governments
10%$475 thousand

Fines and other12%

Interest, rents and other
11%$503 thousand
Fines
0.7%$30 thousand

Where it goes

Water, sewer, trash and utilities35%Police, fire, courts and jails24%Running the government and other costs21%Roads, transit and parking13%Sent to other local governments5.1%All other spending2.0%

What stands out

24%

of Madison's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
35%$1.2 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$713 thousand
  • Sewer systems$516 thousand
Police, fire, courts and jails
24%$860 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$808 thousand
  • Courts and legal services$52 thousand
Running the government and other costs
21%$760 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$436 thousand
  • Other and not broken out$269 thousand
  • Finance, tax collection and budgeting$55 thousand
Roads, transit and parking
13%$457 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$457 thousand
Sent to other local governments
5.1%$181 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$181 thousand
Interest on debt
1.5%$54 thousand
Parks, recreation and libraries
0.5%$17 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$17 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Madison. 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 Village of Madison 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.