City government · Gaston County, NC

Bessemer's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Bessemer took in $14.7 million and spent $18.8 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (sewer, water)53%City taxes23%State tax money19%Fines and other4.0%Federal tax money0.6%

What stands out

6.6%

of Bessemer's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes23%

Property tax
16%$2.3 million
Sales tax
6.6%$973 thousand
Other taxes
0.2%$29 thousand
What's in other taxesOccupation and business licenses; alcoholic beverage taxes and 2 more
  • Occupation and business licenses$14 thousand
  • Alcoholic beverage taxes$10 thousand
  • Other licenses$4 thousand
  • Motor vehicle licenses$1 thousand

Amounts are by Census tax category.

Fees for services53%

Fees for services
53%$7.8 million
What's in fees for servicesSewer; water and 6 more
  • Sewer$2.7 million
  • Water$2.3 million
  • Gas$1.4 million
  • Liquor stores$749 thousand
  • Garbage collection$365 thousand
  • Parks and recreation$202 thousand
  • Other government-run businesses$113 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
0.6%$95 thousand

State tax money19%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
19%$2.8 million

Fines and other4.0%

Interest, rents and other
4.0%$590 thousand

Where it goes

Water, sewer, trash and utilities35%Housing and community development21%Police, fire, courts and jails14%Parks, recreation and libraries13%Running the government and other costs9.6%All other spending6.1%

What stands out

21%

of Bessemer's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
35%$6.7 million
What's in water, sewer, trash and utilitiesWater supply; gas supply and 3 more
  • Water supply$4.5 million
  • Gas supply$1.1 million
  • Liquor stores$706 thousand
  • Garbage and solid waste$328 thousand
  • Sewer systems$103 thousand
Housing and community development
21%$4.0 million
Police, fire, courts and jails
14%$2.7 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$2.4 million
  • Fire protection$289 thousand
Parks, recreation and libraries
13%$2.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.5 million
Running the government and other costs
9.6%$1.8 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$1.0 million
  • Finance, tax collection and budgeting$648 thousand
  • Central staff services (personnel, purchasing, technology)$132 thousand
Roads, transit and parking
3.4%$635 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$635 thousand
Interest on debt
2.4%$455 thousand
What's in interest on debtInterest on water supply debt; interest on general debt and 1 more
  • Interest on water supply debt$204 thousand
  • Interest on general debt$171 thousand
  • Interest on electric power debt$80 thousand
Social services
0.3%$49 thousand
What's in social servicesOther public welfare
  • Other public welfare$49 thousand
Sent to other local governments
<0.1%$3 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$3 thousand
Health and hospitals
<0.1%$1 thousand
What's in health and hospitalsPublic health
  • Public health$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Bessemer. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Bessemer itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.