Village government · Summit County, OH

Silver Lake's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Silver Lake took in $4.5 million and spent $4.3 million.

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

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Where it comes from

Village taxes54%Fees for services (sewer, water)32%Fines and other5.7%County and local tax money3.8%Federal tax money3.5%State tax money0.3%

What stands out

18%

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

Village taxes54%

Property tax
30%$1.4 million
Individual income tax
18%$815 thousand
Other taxes
4.2%$191 thousand
What's in other taxesMotor fuel taxes; motor vehicle licenses and 1 more
  • Motor fuel taxes$155 thousand
  • Motor vehicle licenses$32 thousand
  • Other licenses$4 thousand

Amounts are by Census tax category.

Business income tax
2.4%$110 thousand

Fees for services32%

Fees for services
32%$1.5 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$830 thousand
  • Water$516 thousand
  • Other government-run businesses$105 thousand
  • Other service charges$10 thousand

Amounts are by Census type of charge.

Federal tax money3.5%

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

From the federal government
3.5%$158 thousand

State tax money0.3%

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

From the state
0.3%$12 thousand

County and local tax money3.8%

Money passed on by the county or other local governments.

From the county and other local governments
3.8%$171 thousand

Fines and other5.7%

Interest, rents and other
3.4%$155 thousand
Fines
2.3%$103 thousand

Where it goes

Water, sewer, trash and utilities37%Police, fire, courts and jails29%Roads, transit and parking19%Running the government and other costs9.2%Parks, recreation and libraries3.1%All other spending2.4%

What stands out

29%

of Silver Lake'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
37%$1.6 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$1.1 million
  • Water supply$503 thousand
Police, fire, courts and jails
29%$1.3 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$936 thousand
  • Fire protection$275 thousand
  • Courts and legal services$45 thousand
Roads, transit and parking
19%$829 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$829 thousand
Running the government and other costs
9.2%$397 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$190 thousand
  • Finance, tax collection and budgeting$157 thousand
  • Government buildings$50 thousand
Parks, recreation and libraries
3.1%$134 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$134 thousand
Interest on debt
1.6%$71 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$64 thousand
  • Interest on water supply debt$7 thousand
Health and hospitals
0.6%$28 thousand
What's in health and hospitalsPublic health
  • Public health$28 thousand
Environment and natural resources
0.1%$6 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$6 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Silver Lake. 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 Silver Lake 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.