Village government · Racine County, WI

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

In the latest recorded fiscal year (ended December 31, 2021), Waterford took in $8.9 million and spent $11.2 million.

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

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Where it comes from

Fees for services (sewer, water)40%Village taxes39%Fines and other8.9%State tax money6.9%County and local tax money4.4%

What stands out

35%

of Waterford's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes39%

Property tax
35%$3.1 million
Other taxes
4.8%$424 thousand
What's in other taxesOther licenses; occupation and business licenses and 1 more
  • Other licenses$379 thousand
  • Occupation and business licenses$61 thousand
  • Other taxes not classified elsewhere-$16 thousand

Amounts are by Census tax category.

Fees for services40%

Fees for services
40%$3.6 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$1.5 million
  • Water$1.0 million
  • Other service charges$726 thousand
  • Garbage collection$224 thousand
  • Parks, land and natural resources$94 thousand
  • Parks and recreation$18 thousand

Amounts are by Census type of charge.

State tax money6.9%

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

From the state
6.9%$618 thousand

County and local tax money4.4%

Money passed on by the county or other local governments.

From the county and other local governments
4.4%$394 thousand

Fines and other8.9%

Interest, rents and other
8.0%$716 thousand
Fines
0.9%$79 thousand

Where it goes

Water, sewer, trash and utilities29%Police, fire, courts and jails19%Roads, transit and parking17%Interest on debt11%Running the government and other costs9.9%All other spending14%

What stands out

11%

of Waterford's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
29%$3.2 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.9 million
  • Water supply$842 thousand
  • Garbage and solid waste$470 thousand
Police, fire, courts and jails
19%$2.1 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$1.5 million
  • Police$383 thousand
  • Courts and legal services$142 thousand
  • Inspections and regulation$106 thousand
Roads, transit and parking
17%$1.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.9 million
Interest on debt
11%$1.3 million
Running the government and other costs
9.9%$1.1 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$600 thousand
  • Other and not broken out$427 thousand
  • Finance, tax collection and budgeting$82 thousand
Parks, recreation and libraries
8.6%$959 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$778 thousand
  • Parks and recreation$181 thousand
Health and hospitals
5.4%$602 thousand
What's in health and hospitalsPublic health
  • Public health$602 thousand
Housing and community development
<0.1%$5 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Waterford. 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 Village of Waterford 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.