City government · Cabarrus County, NC
Concord's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Concord took in $405 million and spent $366 million.
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Where it comes from
What stands out
of Concord's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 50,000+ people gets 30%.
City taxes28%
What's in other taxesAlcoholic beverage taxes; motor vehicle licenses and 2 more
- Alcoholic beverage taxes$3.7 million
- Motor vehicle licenses$3.0 million
- Occupation and business licenses$420 thousand
- Other licenses$92 thousand
Amounts are by Census tax category.
Fees for services53%
What's in fees for servicesElectric power; water and 11 more
- Electric power$107 million
- Water$31.2 million
- Sewer$26.7 million
- Liquor stores$25.8 million
- Airport$14.8 million
- Parks and recreation$4.3 million
- Garbage collection$1.8 million
- Other government-run businesses$1.7 million
- Housing$764 thousand
- Transit fares$228 thousand
- Road charges$200 thousand
- Other service charges$136 thousand
- Parking$5 thousand
Amounts are by Census type of charge.
Federal tax money7.8%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money4.1%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money0.9%
Money passed on by the county or other local governments.
Fines and other6.1%
Where it goes
What stands out
of Concord's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 50,000+ people spends 20%.
Spending by category100%
What's in water, sewer, trash and utilitiesElectric power; water supply and 3 more
- Electric power$89.3 million
- Water supply$27.1 million
- Sewer systems$23.5 million
- Liquor stores$21.5 million
- Garbage and solid waste$8.3 million
What's in police, fire, courts and jailsFire protection; police and 1 more
- Fire protection$35.7 million
- Police$32.4 million
- Courts and legal services$536 thousand
What's in roads, transit and parkingAirports; roads and highways and 1 more
- Airports$22.6 million
- Roads and highways$19.3 million
- Public transit$6.0 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
- Other and not broken out$13.5 million
- Government buildings$7.6 million
- Central staff services (personnel, purchasing, technology)$4.6 million
- Finance, tax collection and budgeting$2.7 million
What's in parks, recreation and librariesParks and recreation
- Parks and recreation$17.5 million
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
- Interest on general debt$1.8 million
- Interest on water supply debt$628 thousand
- Interest on electric power debt$321 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
- Natural resources, farming and conservation$837 thousand
What's in health and hospitalsPublic health
- Public health$245 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$74 thousand
Sources and moreWhere these numbers come from and what they cover
City of Concord. 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 City of Concord 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.