County government · Franklin County, NC
Franklin County's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Franklin County took in $116 million and spent $110 million.
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Where it comes from
What stands out
of Franklin County's money comes from state tax money.A typical U.S. county of 50,000 to 250,000 people gets 22%.
County taxes24%
Fees for services0.9%
What's in fees for servicesSchool lunches; school tuition and transportation and 1 more
- School lunches$634 thousand
- School tuition and transportation$365 thousand
- Other school charges$91 thousand
Amounts are by Census type of charge.
Federal tax money1.0%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money73%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other1.0%
Where it goes
What stands out
of Franklin County's spending goes to schools and colleges.Most U.S. counties of 50,000 to 250,000 people spend nothing on this.
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$109 million
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$279 thousand
Sources and moreWhere these numbers come from and what they cover
Franklin County. 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 Franklin County 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.