Municipal Finances — Rockford, Illinois

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Finances — FY 2024

Source

Total Revenuei

$603.2M

Total Expenditurei

$534.0M

Property Tax Revenuei

$65.7M

10.9%of revenue

Revenue vs Expenditurei

$603.2M

$534.0M

Revenue

Expenditure

+$69.2M surplus

Revenue Sources i

Charges for Servicesi

24.4%$147.0M

Other Intergovernmentali

17.6%$105.9M

Property Taxi

10.9%$65.7M

Interesti

8%$48.2M

Miscellaneousi

7.3%$44.2M

Other Taxesi

7%$42.2M

State Sales Taxi

5.5%$33.3M

State Income Taxi

4.2%$25.6M

Federal Sourcesi

3.8%$23.1M

Other State Sourcesi

3.6%$21.5M

Replacement Taxi

2.3%$13.6M

Utility Taxi

1.8%$10.7M

Licenses & Permitsi

1.6%$9.4M

Motor Fuel Taxi

1.1%$6.6M

State Gaming Taxi

0.7%$4.1M

Fines & Forfeituresi

0.3%$2.0M

Expenditure Categories i

Public Safetyi

28%$149.3M

Other Expendituresi

22.5%$119.9M

Culture & Recreationi

11.9%$63.7M

Transportation / Public Worksi

11.4%$60.9M

Capital Outlayi

6%$31.9M

General Governmenti

5.3%$28.4M

Public Utilitiesi

5.2%$27.7M

Social Servicesi

4.1%$22.0M

Debt Servicei

3.2%$16.9M

Depreciationi

2.5%$13.3M

By Fundi

Generali+$3.4M surplus

$211.8M

$208.4M

Special Revenuei+$13.6M surplus

$73.8M

$60.1M

Capital Projecti$4.0M deficit

$30.5M

$34.5M

Debt Servicei$9.1M deficit

$2.7M

$11.8M

Enterprisei+$3.5M surplus

$41.2M

$37.7M

Internal Servicei$16.7M deficit

$58.2M

$74.9M

Fiduciaryi+$24.4M surplus

$74.6M

$50.2M

Component Unitsi+$54.0M surplus

$110.5M

$56.5M