Town government · Montgomery County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Biscoe took in $3.6 million and spent $3.3 million.

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

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Where it comes from

Town taxes46%Fees for services (water, parks and recreation)38%State tax money11%Fines and other5.4%

What stands out

17%

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

Town taxes46%

Property tax
28%$1.0 million
Sales tax
17%$625 thousand
Other taxes
0.3%$9 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$9 thousand

Amounts are by Census tax category.

Fees for services38%

Fees for services
38%$1.3 million
What's in fees for servicesWater; parks and recreation and 1 more
  • Water$1.3 million
  • Parks and recreation$39 thousand
  • Other government-run businesses$6 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$388 thousand

Fines and other5.4%

Interest, rents and other
5.4%$194 thousand

Where it goes

Water, sewer, trash and utilities33%Police, fire, courts and jails29%Running the government and other costs22%Roads, transit and parking8.6%Parks, recreation and libraries5.6%Interest on debt1.2%

What stands out

29%

of Biscoe's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
33%$1.1 million
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$1.1 million
Police, fire, courts and jails
29%$958 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$714 thousand
  • Fire protection$190 thousand
  • Courts and legal services$54 thousand
Running the government and other costs
22%$729 thousand
What's in running the government and other costsFinance, tax collection and budgeting and government buildings
  • Finance, tax collection and budgeting$631 thousand
  • Government buildings$98 thousand
Roads, transit and parking
8.6%$283 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$283 thousand
Parks, recreation and libraries
5.6%$185 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$185 thousand
Interest on debt
1.2%$40 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Biscoe. 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 Town of Biscoe 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.