Township government · Chester County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), Wallace Township took in $1.9 million and spent $1.7 million.

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

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Where it comes from

Township taxes70%Federal tax money10%Fees for services (road charges, parks and recreation)9.8%State tax money7.7%Fines and other2.3%

What stands out

57%

of Wallace Township's money comes from a personal income tax.Most U.S. townships and towns of under 10,000 people get none.

Township taxes70%

Individual income tax
57%$1.1 million
Other taxes
13%$244 thousand
What's in other taxesReal estate and stock transfer taxes and public utility licenses
  • Real estate and stock transfer taxes$178 thousand
  • Public utility licenses$66 thousand

Amounts are by Census tax category.

Fees for services9.8%

Fees for services
9.8%$189 thousand
What's in fees for servicesOther service charges; road charges and 1 more
  • Other service charges$153 thousand
  • Road charges$33 thousand
  • Parks and recreation$3 thousand

Amounts are by Census type of charge.

Federal tax money10%

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

From the federal government
10%$192 thousand

State tax money7.7%

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

From the state
7.7%$148 thousand

Fines and other2.3%

Interest, rents and other
1.8%$35 thousand
Fines
0.5%$10 thousand

Where it goes

Running the government and other costs40%Police, fire, courts and jails28%Roads, transit and parking22%Health and hospitals7.4%Parks, recreation and libraries2.4%

What stands out

28%

of Wallace 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
40%$688 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$403 thousand
  • Other and not broken out$224 thousand
  • Finance, tax collection and budgeting$38 thousand
  • Government buildings$23 thousand
Police, fire, courts and jails
28%$492 thousand
What's in police, fire, courts and jailsPolice; inspections and regulation and 2 more
  • Police$275 thousand
  • Inspections and regulation$95 thousand
  • Courts and legal services$68 thousand
  • Fire protection$54 thousand
Roads, transit and parking
22%$386 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$386 thousand
Health and hospitals
7.4%$128 thousand
What's in health and hospitalsPublic health
  • Public health$128 thousand
Parks, recreation and libraries
2.4%$41 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$38 thousand
  • Libraries$3 thousand
Sources and moreWhere these numbers come from and what they cover

Wallace 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 Wallace 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.