2022 Budget in Brief

GENERAL FUND REVENUES

PROJECTED 2022 REVENUES BY SOURCE GENERAL FUND REVENUES

SALES TAX

PROPERTY TAXES

STATE INCOME TAX

16.6%

*OTHER MISCELLANEOUS

5.5%

MISCELLANEOUS

3.3%

2.8%

OTHER TAXES

FINES & PENALTIES

2.6%

INTERFUND TRANSFERS

2.6%

We monitor sales tax data monthly, and budgeted 2021 sales tax revenue to be flat compared to 2020 projected revenue. Property tax revenue totals $12,116,537 in the General Fund (some Property Tax revenue is recorded in the Debt Service and Recreation & Parks Funds), which is 20.6% of General Fund revenue.

The General Fund is where we account for most of the Village’s traditional governmental revenues and spending. This covers general taxes and spending on services such as police, street maintenance, snow plowing, development services, and administration. This year’s General Fund Budget includes total revenues of $58,702,435. The vast majority of General Fund revenue comes in the form of taxes, such as sales and property taxes. Sales taxes are the General Fund’s largest single revenue source, making up 46% of General Fund revenue.

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VILLAGE OF ORLAND PARK | FISCAL YEAR 2022 BUDGET IN BRIEF