Town government · Haywood County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Canton took in $14.5 million and spent $13.0 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (water, liquor stores)39%Town taxes27%State tax money22%Fines and other11%Federal tax money0.7%

What stands out

11%

of Canton's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Town taxes27%

Property tax
27%$3.8 million
Other taxes
0.5%$75 thousand
What's in other taxesAlcoholic beverage taxes and other licenses
  • Alcoholic beverage taxes$68 thousand
  • Other licenses$7 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$5.7 million
What's in fees for servicesWater; liquor stores and 5 more
  • Water$2.3 million
  • Liquor stores$1.9 million
  • Sewer$975 thousand
  • Garbage collection$278 thousand
  • Other service charges$196 thousand
  • Parks and recreation$123 thousand
  • Other government-run businesses$15 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government
0.7%$98 thousand

State tax money22%

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

From the state
22%$3.1 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$4 thousand

Fines and other11%

Interest, rents and other
11%$1.6 million

Where it goes

Water, sewer, trash and utilities32%Police, fire, courts and jails25%Running the government and other costs17%Roads, transit and parking13%Parks, recreation and libraries12%All other spending0.9%

What stands out

12%

of Canton's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
32%$4.2 million
What's in water, sewer, trash and utilitiesLiquor stores; water supply and 2 more
  • Liquor stores$1.8 million
  • Water supply$1.8 million
  • Sewer systems$353 thousand
  • Garbage and solid waste$297 thousand
Police, fire, courts and jails
25%$3.2 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.1 million
  • Fire protection$1.0 million
  • Courts and legal services$42 thousand
Running the government and other costs
17%$2.3 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$1.5 million
  • Finance, tax collection and budgeting$379 thousand
  • Central staff services (personnel, purchasing, technology)$225 thousand
  • Government buildings$163 thousand
Roads, transit and parking
13%$1.7 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$1.5 million
  • Public transit$180 thousand
Parks, recreation and libraries
12%$1.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.6 million
Interest on debt
0.8%$102 thousand
Sent to other local governments
<0.1%$7 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$7 thousand
Health and hospitals
<0.1%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Canton. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Canton 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.