Town government · Mecklenburg County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Cornelius took in $51.6 million and spent $44.4 million.

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

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Where it comes from

Town taxes54%State tax money18%Fees for services (electric power, parks and recreation)17%Fines and other8.8%County and local tax money1.6%Federal tax money0.5%

What stands out

12%

of Cornelius' money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

Town taxes54%

Property tax
40%$20.4 million
Sales tax
12%$5.9 million
Other taxes
3.0%$1.5 million
What's in other taxesOther selective sales taxes; motor vehicle licenses and 1 more
  • Other selective sales taxes$1.2 million
  • Motor vehicle licenses$350 thousand
  • Other licenses$25 thousand

Amounts are by Census tax category.

Fees for services17%

Fees for services
17%$8.8 million
What's in fees for servicesElectric power; parks and recreation and 1 more
  • Electric power$7.0 million
  • Parks and recreation$940 thousand
  • Sewer$806 thousand

Amounts are by Census type of charge.

Federal tax money0.5%

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

From the federal government
0.5%$247 thousand

State tax money18%

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

From the state
18%$9.3 million

County and local tax money1.6%

Money passed on by the county or other local governments.

From the county and other local governments
1.6%$839 thousand

Fines and other8.8%

Interest, rents and other
8.8%$4.5 million

Where it goes

Police, fire, courts and jails36%Water, sewer, trash and utilities20%Roads, transit and parking19%Parks, recreation and libraries10%Running the government and other costs6.5%All other spending7.9%

What stands out

19%

of Cornelius' spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Police, fire, courts and jails
36%$16.1 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$11.3 million
  • Fire protection$4.8 million
Water, sewer, trash and utilities
20%$8.7 million
What's in water, sewer, trash and utilitiesElectric power and garbage and solid waste
  • Electric power$6.3 million
  • Garbage and solid waste$2.3 million
Roads, transit and parking
19%$8.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$8.6 million
Parks, recreation and libraries
10%$4.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4.6 million
Running the government and other costs
6.5%$2.9 million
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$2.8 million
  • Central staff services (personnel, purchasing, technology)$94 thousand
Environment and natural resources
3.5%$1.6 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1.6 million
Housing and community development
2.8%$1.2 million
Interest on debt
1.6%$715 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Cornelius. 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 Cornelius 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.