Town government · Polk County, WI

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

In the latest recorded fiscal year (ended December 31, 2021), Balsam Lake took in $614 thousand and spent $488 thousand.

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

See every government that serves your ZIP

Where it comes from

Town taxes55%State tax money33%Federal tax money12%Fines and other0.7%

What stands out

12%

of Balsam Lake's money comes from federal tax money.Most U.S. townships and towns of under 10,000 people get none.

Town taxes55%

Property tax
54%$334 thousand
Other taxes
0.2%$1 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Federal tax money12%

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

From the federal government
12%$74 thousand

State tax money33%

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

From the state
33%$201 thousand

Fines and other0.7%

Interest, rents and other
0.7%$4 thousand

Where it goes

Roads, transit and parking77%Running the government and other costs14%Police, fire, courts and jails8.2%Health and hospitals1.4%

What stands out

77%

of Balsam Lake's spending goes to roads, transit and parking.A typical U.S. township or town of under 10,000 people spends 53%.

Spending by category100%

Roads, transit and parking
77%$374 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$374 thousand
Running the government and other costs
14%$67 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 2 more
  • Finance, tax collection and budgeting$31 thousand
  • Central staff services (personnel, purchasing, technology)$31 thousand
  • Government buildings$3 thousand
  • Other government-run businesses$2 thousand
Police, fire, courts and jails
8.2%$40 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$40 thousand
Health and hospitals
1.4%$7 thousand
What's in health and hospitalsPublic health
  • Public health$7 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Balsam 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 Town of Balsam 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.