July 18, 2011
By Rhonda Reed-Slaughter
rhonda@thenumbercrunchers-bolingbrook.com
Ever wonder how the governmental entities within the boundaries of Bolingbrook are funded?
The most commonly known source of funding are property taxes. The detail is listed right on the tax bill.
But property taxes are not the only source of income for our local governmental bodies. Taxes (other than property), user-fees, charges and food/liquor sales help to fund our local government to the tune of hundreds of millions every year.
Hard earned cash flowing out of our pockets and into the local government.
We analyzed the financials of 5 governmental entities and discovered 3 of the 5 entities receive most of its funding from property taxes, and 2 government entities rely heavily on charges, user fees and food/liquor sales for funding.
The following governmental entities receive most of its funding from property taxes.
VALLEY VIEW SCHOOL DISTRICT
Property Taxes - $151 million, 71% of total estimated revenue.
State Funding - $33 million, 15%
Federal Funding - $15.3 million 7%
FOUNTAINDALE PUBLIC LIBRARY
Property Taxes - $9.6 million, 91% of total revenue
DU PAGE TOWNSHIP
Est. Revenue - $2.1 million
Property Taxes - $1.9 million, 73% of total estimated revenue.
Replacement Tax - $ 100k, 4%
Est. Revenue - $169k, 7% of total estimated revenue.
Bar Fees - $85,000
Rental Fees - $60,000
The following governmental entities rely more on taxes (other than property), user fees, charges and food/liquor sales.
VILLAGE OF BOLINGBROOK
Est. Revenue - $58.2 million, 58% of total estimated revenue
State Sales Tax - $23.5 million
State Income Tax - $5.8 million
Simplified Phone Tax - $2.8 million
Real Estate Transfer Tax - $1.94 million
Property Tax - $1.84 million
Restaurant Tax - $1.75 million
Liquor Tax - $1.5 million
Hotel Tax - $1.4 million
Est. Revenue - $7 million, 7% of total estimated revenue
Banquet - $3.6 million
C&G Rev. - $1.7 million
Food & Beverage - $1.2 million
Est. Revenue - $412k
Hangar Rental - $212k
A&M Aviation - $67k
Restaurant - $21k
A&M Maintenance - $20k
Tie-Down paved - $19k
Special Events - $19k
BOLINGBROOK PARK DISTRICT
Est. Revenue - $4.6 million, 24% of total estimated revenue
Property Tax - $3.2 million
Est. Revenue - $5.7 million, 30% of total estimated revenue
General-Taxes - $1.4 million
Aquatics - $1.7 million
Children - $760k
Lifestyle Fitness - $741k
Athletics - $378k
Youth - $284k
Special Events - $69k
Adult/Senior - $37k
Est. Revenue - $1.8 million, 9% of total estimated revenue
Golf Course - $607k
Food/Liquor/Beverage - $1.1 million
As detailed, it takes much more than property taxes to keep our government up and running. The Village of Bolingbrook's luxury golf course and Clow International Airport; DuPage Township's Levy banquet center; Bolingbrook Park district's recreation program and Ashbury golf course all rely on public participation to keep the doors open.
How much are you contributing to the Village (exclude property taxes)?
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Source: DuPage Township, 2012 Budget; Village of Bolingbrook, 2012 Budget; Bolingbrook Park District, 2011 Budget; Fountaindale Public Library, 2011 Budget; Valley View School District, 2011 Budget.
