Town government · Caldwell County, NC

Granite Falls's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Granite Falls took in $17.0 million and spent $14.5 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (electric power, water)67%Town taxes24%Federal tax money4.5%State tax money3.4%Fines and other1.2%

What stands out

9%

of Granite Falls' money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes24%

Property tax
13%$2.1 million
Sales tax
9.0%$1.5 million
Other taxes
2.5%$426 thousand
What's in other taxesMotor vehicle licenses; alcoholic beverage taxes and 2 more
  • Motor vehicle licenses$243 thousand
  • Alcoholic beverage taxes$171 thousand
  • Occupation and business licenses$8 thousand
  • Other licenses$4 thousand

Amounts are by Census tax category.

Fees for services67%

Fees for services
67%$11.3 million
What's in fees for servicesElectric power; water and 5 more
  • Electric power$7.0 million
  • Water$2.5 million
  • Liquor stores$1.5 million
  • Garbage collection$130 thousand
  • Other service charges$123 thousand
  • Parks and recreation$83 thousand
  • Other government-run businesses$24 thousand

Amounts are by Census type of charge.

Federal tax money4.5%

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

From the federal government
4.5%$756 thousand

State tax money3.4%

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

From the state
3.4%$583 thousand

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%$6 thousand

Fines and other1.2%

Interest, rents and other
1.2%$196 thousand

Where it goes

Water, sewer, trash and utilities71%Police, fire, courts and jails16%Parks, recreation and libraries4.2%Roads, transit and parking4.0%Running the government and other costs3.3%All other spending1.3%

What stands out

71%

of Granite Falls' 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
71%$10.3 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$6.5 million
  • Water supply$2.4 million
  • Liquor stores$1.2 million
  • Garbage and solid waste$206 thousand
Police, fire, courts and jails
16%$2.3 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.5 million
  • Fire protection$797 thousand
  • Courts and legal services$5 thousand
Parks, recreation and libraries
4.2%$611 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$611 thousand
Roads, transit and parking
4.0%$578 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$578 thousand
Running the government and other costs
3.3%$482 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$441 thousand
  • Central staff services (personnel, purchasing, technology)$21 thousand
  • Finance, tax collection and budgeting$20 thousand
Interest on debt
0.7%$97 thousand
Housing and community development
0.5%$70 thousand
Health and hospitals
0.1%$17 thousand
What's in health and hospitalsPublic health
  • Public health$17 thousand
Sent to other local governments
<0.1%$6 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$6 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Granite Falls. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Granite Falls 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.