Town government · Alamance County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Elon took in $23.2 million and spent $14.1 million.

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

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Where it comes from

Town taxes34%Fees for services (sewer, water)29%Federal tax money17%State tax money13%Fines and other6.6%

What stands out

17%

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

Town taxes34%

Sales tax
17%$4.0 million
Property tax
17%$4.0 million
Other taxes
<0.1%$10 thousand
What's in other taxesOther licenses
  • Other licenses$10 thousand

Amounts are by Census tax category.

Fees for services29%

Fees for services
29%$6.7 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$3.2 million
  • Water$2.9 million
  • Garbage collection$399 thousand
  • Other government-run businesses$185 thousand

Amounts are by Census type of charge.

Federal tax money17%

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

From the federal government
17%$3.9 million

State tax money13%

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

From the state
13%$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%$11 thousand

Fines and other6.6%

Interest, rents and other
6.6%$1.5 million

Where it goes

Police, fire, courts and jails38%Water, sewer, trash and utilities32%Running the government and other costs16%Roads, transit and parking11%Parks, recreation and libraries3.0%Interest on debt0.3%

What stands out

38%

of Elon's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
38%$5.3 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$3.0 million
  • Fire protection$2.4 million
Water, sewer, trash and utilities
32%$4.5 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$4.5 million
  • Sewer systems$26 thousand
Running the government and other costs
16%$2.3 million
What's in running the government and other costsOther and not broken out and finance, tax collection and budgeting
  • Other and not broken out$1.2 million
  • Finance, tax collection and budgeting$1.1 million
Roads, transit and parking
11%$1.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.5 million
Parks, recreation and libraries
3.0%$427 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$427 thousand
Interest on debt
0.3%$36 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$24 thousand
  • Interest on water supply debt$12 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Elon. 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 Elon 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.