2024 Budget In Brief

GENERAL FUND REVENUES

GENERAL FUND REVENUES

SALES TAX

PROPERTY TAXES

INCOME TAX

OTHER TAXES

INTERFUND TRANSFERS

LICENSES & PERMITS

*MISCELLANEOUS

We monitor sales tax data monthly, and budgeted 2024 sales tax revenue to increase by 2% compared to 2023 projected revenue. Property tax revenue totals $10, in the General Fund (some Property Tax revenue is recorded in the Debt Service and Recreation & Parks Funds), which is 17 % of General Fund revenue.

The General Fund is where the Village accounts for most of the 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 $6 The vast majority of General Fund revenue comes in the form of taxes, such as sales and property taxes. Sales taxes (including Sales and Use Tax) are the General Fund’s largest single revenue source, making up 4 % of General Fund revenue.

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VILLAGE OF ORLAND PARK ʴ FISCAL YEAR 2024 BUDGET IN BRIEF