Town government · Polk County, WI

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

In the latest recorded fiscal year (ended December 31, 2021), Lorain took in $903 thousand and spent $1.1 million.

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

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Where it comes from

Federal tax money61%State tax money13%Town taxes12%County and local tax money9.9%Fines and other4.0%

What stands out

61%

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

Town taxes12%

Property tax
12%$107 thousand
Other taxes
0.1%$1 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Federal tax money61%

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

From the federal government
61%$554 thousand

State tax money13%

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

From the state
13%$116 thousand

County and local tax money9.9%

Money passed on by the county or other local governments.

From the county and other local governments
9.9%$89 thousand

Fines and other4.0%

Interest, rents and other
4.0%$36 thousand

Where it goes

Police, fire, courts and jails77%Roads, transit and parking19%Running the government and other costs3.9%Health and hospitals0.4%Interest on debt0.4%

What stands out

77%

of Lorain'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
77%$811 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$811 thousand
Roads, transit and parking
19%$197 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$197 thousand
Running the government and other costs
3.9%$41 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
  • Central staff services (personnel, purchasing, technology)$21 thousand
  • Finance, tax collection and budgeting$9 thousand
  • Government buildings$6 thousand
  • Other government-run businesses$5 thousand
Health and hospitals
0.4%$4 thousand
What's in health and hospitalsPublic health
  • Public health$4 thousand
Interest on debt
0.4%$4 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Lorain. 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 Lorain 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.