Town government · Carteret County, NC

Cape Carteret's money: where it comes from and where it goes

In the latest recorded fiscal year (ended July 31, 2021), Cape Carteret took in $2.2 million and spent $2.2 million.

Latest recorded year: ended July 31, 2021Comes fromGoes to

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Where it comes from

Town taxes69%State tax money19%Federal tax money4.5%Fines and other4.5%County and local tax money3.3%Fees for services0.2%

What stands out

21%

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

Town taxes69%

Property tax
44%$958 thousand
Sales tax
21%$462 thousand
Other taxes
3.5%$76 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$74 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services0.2%

Fees for services
0.2%$5 thousand
What's in fees for servicesOther government-run businesses
  • Other government-run businesses$5 thousand

Amounts are by Census type of charge.

Federal tax money4.5%

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

From the federal government
4.5%$97 thousand

State tax money19%

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

From the state
19%$404 thousand

County and local tax money3.3%

Money passed on by the county or other local governments.

From the county and other local governments
3.3%$71 thousand

Fines and other4.5%

Interest, rents and other
4.5%$97 thousand

Where it goes

Police, fire, courts and jails33%Running the government and other costs33%Water, sewer, trash and utilities13%Environment and natural resources8.1%Roads, transit and parking6.7%All other spending6.0%

What stands out

33%

of Cape Carteret'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%

Police, fire, courts and jails
33%$744 thousand
What's in police, fire, courts and jailsPolice and inspections and regulation
  • Police$733 thousand
  • Inspections and regulation$11 thousand
Running the government and other costs
33%$727 thousand
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 1 more
  • Finance, tax collection and budgeting$366 thousand
  • Government buildings$259 thousand
  • Central staff services (personnel, purchasing, technology)$102 thousand
Water, sewer, trash and utilities
13%$289 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$289 thousand
Environment and natural resources
8.1%$181 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$181 thousand
Roads, transit and parking
6.7%$150 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$150 thousand
Parks, recreation and libraries
5.8%$128 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$128 thousand
Interest on debt
0.2%$5 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Cape Carteret. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended July 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Cape Carteret 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.