Town government · Rock County, WI

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

In the latest recorded fiscal year (ended December 31, 2021), Beloit took in $9.2 million and spent $9.6 million.

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

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Where it comes from

Town taxes40%State tax money33%Fees for services (sewer, parks and recreation)23%Federal tax money1.5%Fines and other1.5%County and local tax money1.3%

What stands out

23%

of Beloit's money comes from fees for services such as water, sewer and parking.Most U.S. townships and towns of under 10,000 people get none.

Town taxes40%

Property tax
37%$3.4 million
Other taxes
2.7%$245 thousand
What's in other taxesOther licenses and occupation and business licenses
  • Other licenses$159 thousand
  • Occupation and business licenses$86 thousand

Amounts are by Census tax category.

Fees for services23%

Fees for services
23%$2.1 million
What's in fees for servicesSewer; other service charges and 2 more
  • Sewer$1.4 million
  • Other service charges$639 thousand
  • Parks and recreation$17 thousand
  • Other government-run businesses$12 thousand

Amounts are by Census type of charge.

Federal tax money1.5%

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

From the federal government
1.5%$136 thousand

State tax money33%

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

From the state
33%$3.0 million

County and local tax money1.3%

Money passed on by the county or other local governments.

From the county and other local governments
1.3%$119 thousand

Fines and other1.5%

Interest, rents and other
0.9%$84 thousand
Fines
0.6%$51 thousand

Where it goes

Police, fire, courts and jails44%Running the government and other costs17%Roads, transit and parking16%Water, sewer, trash and utilities15%Interest on debt5.6%All other spending3.6%

What stands out

44%

of Beloit'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%

Police, fire, courts and jails
44%$4.2 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$2.0 million
  • Police$2.0 million
  • Inspections and regulation$122 thousand
  • Courts and legal services$22 thousand
Running the government and other costs
17%$1.6 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$1.1 million
  • Central staff services (personnel, purchasing, technology)$343 thousand
  • Finance, tax collection and budgeting$135 thousand
Roads, transit and parking
16%$1.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.5 million
Water, sewer, trash and utilities
15%$1.4 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$1.4 million
  • Garbage and solid waste$22 thousand
Interest on debt
5.6%$532 thousand
Health and hospitals
3.1%$293 thousand
What's in health and hospitalsPublic health
  • Public health$293 thousand
Parks, recreation and libraries
0.5%$51 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$51 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Beloit. 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 Beloit 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.