Town government · Macon County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Franklin took in $3.9 million and spent $3.4 million.

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

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Where it comes from

Fees for services (liquor stores)88%Town taxes12%Fines and other0.7%

What stands out

88%

of Franklin's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Town taxes12%

Other taxes
12%$457 thousand
What's in other taxesAlcoholic beverage taxes and other taxes not classified elsewhere
  • Alcoholic beverage taxes$280 thousand
  • Other taxes not classified elsewhere$177 thousand

Amounts are by Census tax category.

Fees for services88%

Fees for services
88%$3.4 million
What's in fees for servicesLiquor stores
  • Liquor stores$3.4 million

Amounts are by Census type of charge.

Fines and other0.7%

Interest, rents and other
0.7%$26 thousand

Where it goes

Water, sewer, trash and utilities91%Running the government and other costs7.5%Health and hospitals0.4%Sent to other local governments0.3%Police, fire, courts and jails0.3%

What stands out

91%

of Franklin's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
91%$3.1 million
What's in water, sewer, trash and utilitiesLiquor stores
  • Liquor stores$3.1 million
Running the government and other costs
7.5%$257 thousand
What's in running the government and other costsOther and not broken out
  • Other and not broken out$257 thousand
Health and hospitals
0.4%$14 thousand
What's in health and hospitalsPublic health
  • Public health$14 thousand
Sent to other local governments
0.3%$11 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$11 thousand
Police, fire, courts and jails
0.3%$10 thousand
What's in police, fire, courts and jailsPolice
  • Police$10 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Franklin. 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 Franklin 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.