Town government · Oconto County, WI

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

In the latest recorded fiscal year (ended December 31, 2021), Lakewood took in $1.5 million and spent $1.2 million.

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

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Where it comes from

Town taxes52%State tax money29%Fines and other16%Federal tax money2.9%Fees for services (garbage collection, parks and recreation)0.8%County and local tax money0.5%

What stands out

16%

of Lakewood's money comes from interest, rents and other revenue.A typical U.S. township or town of under 10,000 people gets 1%.

Town taxes52%

Property tax
48%$741 thousand
Other taxes
3.5%$53 thousand
What's in other taxesOther taxes not classified elsewhere; other licenses and 1 more
  • Other taxes not classified elsewhere$28 thousand
  • Other licenses$22 thousand
  • Occupation and business licenses$3 thousand

Amounts are by Census tax category.

Fees for services0.8%

Fees for services
0.8%$12 thousand
What's in fees for servicesGarbage collection; parks and recreation and 2 more
  • Garbage collection$7 thousand
  • Parks and recreation$2 thousand
  • Other service charges$2 thousand
  • Other government-run businesses$1 thousand

Amounts are by Census type of charge.

Federal tax money2.9%

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

From the federal government
2.9%$44 thousand

State tax money29%

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

From the state
29%$437 thousand

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$7 thousand

Fines and other16%

Interest, rents and other
16%$239 thousand

Where it goes

Roads, transit and parking47%Parks, recreation and libraries14%Running the government and other costs13%Water, sewer, trash and utilities12%Health and hospitals8.6%All other spending5.3%

What stands out

14%

of Lakewood's spending goes to parks, recreation and libraries.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
47%$579 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$579 thousand
Parks, recreation and libraries
14%$174 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$129 thousand
  • Parks and recreation$45 thousand
Running the government and other costs
13%$166 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 3 more
  • Central staff services (personnel, purchasing, technology)$63 thousand
  • Other and not broken out$51 thousand
  • Finance, tax collection and budgeting$32 thousand
  • Government buildings$16 thousand
  • Other government-run businesses$4 thousand
Water, sewer, trash and utilities
12%$143 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$143 thousand
Health and hospitals
8.6%$106 thousand
What's in health and hospitalsPublic health
  • Public health$106 thousand
Police, fire, courts and jails
4.0%$49 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$38 thousand
  • Police$8 thousand
  • Courts and legal services$3 thousand
Interest on debt
1.3%$16 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Lakewood. 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 Lakewood 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.