Town government · Wake County, NC

Fuquay-Varina's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Fuquay-Varina took in $106 million and spent $53.7 million.

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

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Where it comes from

Town taxes42%Fees for services (sewer, water)40%State tax money11%Fines and other4.7%County and local tax money2.4%

What stands out

11%

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

Town taxes42%

Property tax
29%$30.6 million
Sales tax
11%$11.5 million
Other taxes
2.0%$2.1 million
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$2.1 million

Amounts are by Census tax category.

Fees for services40%

Fees for services
40%$42.9 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$15.3 million
  • Water$15.3 million
  • Garbage collection$4.2 million
  • Road charges$3.2 million
  • Parks and recreation$2.7 million
  • Other service charges$2.2 million

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$11.5 million

County and local tax money2.4%

Money passed on by the county or other local governments.

From the county and other local governments
2.4%$2.5 million

Fines and other4.7%

Interest, rents and other
4.7%$5.0 million

Where it goes

Police, fire, courts and jails41%Water, sewer, trash and utilities31%Parks, recreation and libraries12%Running the government and other costs9.7%Roads, transit and parking5.7%

What stands out

41%

of Fuquay-Varina'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
41%$22.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$10.8 million
  • Fire protection$9.1 million
  • Inspections and regulation$2.3 million
Water, sewer, trash and utilities
31%$16.8 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$6.9 million
  • Sewer systems$5.6 million
  • Garbage and solid waste$4.2 million
Parks, recreation and libraries
12%$6.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$6.5 million
Running the government and other costs
9.7%$5.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$3.5 million
  • Finance, tax collection and budgeting$1.0 million
  • Government buildings$721 thousand
Roads, transit and parking
5.7%$3.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.1 million
Sources and moreWhere these numbers come from and what they cover

Town of Fuquay-Varina. 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 Fuquay-Varina 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.