Where does municipal finance data come from?

Municipal finance data comes from the Illinois Comptroller's Annual Financial Reports (AFR). Every municipality in Illinois is required to file an annual report detailing revenue, expenditures, fund balances, and debt. These reports are public record.

What are the main revenue sources for a municipality?

Most Illinois municipalities rely on property taxes, sales taxes, state income tax sharing, utility taxes, permits and fees, and fines. The mix varies by town. Some municipalities also receive revenue from TIF districts, enterprise funds (water/sewer), and intergovernmental transfers.

What is a General Fund and why does it matter?

The General Fund is the municipality's primary operating fund. It covers core services like police, fire, public works, and administration. A healthy General Fund balance (typically 25-50% of annual expenditures) indicates the town can handle unexpected expenses without raising taxes or cutting services.

How current is this financial data?

The Illinois Comptroller's data warehouse typically lags 6-12 months behind the current fiscal year. The most recent year with complete data is usually one to two fiscal years prior. Data is refreshed monthly as new filings are processed.

Blacksburg, VA Municipal Budget — Revenue & Spending Breakdown

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Finances — FY 2023

IL Comptroller

Total Revenuei

$43.9M

-53.9%YoY

Total Expenditurei

$34.4M

-30.6%YoY

Property Tax Revenuei

$11.1M

25.4%of revenue

Revenue vs Expenditurei

$43.9M

$34.4M

Revenue

Expenditure

+$9.6M surplus

Revenue Sources — vs prior yeari

Total Sources Available

100%$44.0M

Local Revenue

83.1%$36.5M

Other Local Taxes (Exhibit B-2)

39%$17.1M

Total Revenues

39%$17.1M

Total General Property Taxes

25.4%$11.1M

Real Property

25%$11.0M

Restaurant Food Taxes

16.4%$7.2M

From the Commonwealth

14.7%$6.5M

Charges for Services

14%$6.1M

General Government Debt Service

8.1%$3.6M

Business License Taxes

7.8%$3.4M

Hotel and Motel Room Taxes

4.7%$2.1M

Local Sales and Use Taxes

4.4%$1.9M

Direct Federal Aid

2.2%$958K

Consumer Utility Taxes

2.1%$910K

Interest

1.8%$809K

Bank Stock Taxes

1.7%$734K

Rental and Sale of Property

1.5%$669K

Franchise License Taxes

1.2%$508K

Permits, Privilege Fees, and Regulatory Licenses

0.9%$409K

Motor Vehicle License Taxes

0.5%$233K

General Government Capital Projects

0.4%$177K

Fines and Forfeitures

0.3%$150K

Tobacco Taxes

-27.9%0.3%$142K

Public Service Corporations

0.3%$121K

Miscellaneous

0.2%$82K

Census

0.1%$45K

Population (Note 1-B)

0.1%$45K

Penalties

-13.8%0.1%$37K

Non-Revenue Receipts

0%$15K

Per Capita

0%$382

Federal Pass-Through

0%$96

Percent of Average

0%$60

Percent of Revenue

0%$0

Expenditure Categories — vs prior yeari

Public Safety (Exhibit C-3)

31.9%$11.0M

Public Works (Exhibit C-4)

29.1%$10.0M

General Government Administration (Exhibit C-1)

13.7%$4.7M

Community Development (Exhibit C-8)

13%$4.5M

Parks, Recreation, and Cultural (Exhibit C-7)

12.2%$4.2M

Transfers From Other Funds

10.4%$3.6M

Redemption of Debt Other General Government

6.3%$2.2M

Redemption of Debt Total

6.3%$2.2M

Debt Interest Costs Other General Government

4.1%$1.4M

Debt Interest Costs Total

4.1%$1.4M

Community Development Population

0.1%$45K

General Government Administration Population

0.1%$45K

Health and Human Services Population

0.1%$45K

Parks, Recreation & Cultural Population

0.1%$45K

Public Safety Population

0.1%$45K

Public Works Population

0.1%$45K

Health and Human Services (Exhibit C-5)

0.1%$28K

Per Capita

0%$100

Percent of Average

0%$94

By Fundi

Generali+$9.6M surplus

$43.9M

$34.4M