City government · Guilford County, NC

High Point's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), High Point took in $423 million and spent $415 million.

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

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Where it comes from

Fees for services (electric power, sewer)57%City taxes30%Fines and other6.1%State tax money4.4%County and local tax money1.8%Federal tax money0.7%

What stands out

57%

of High Point's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 50,000+ people gets 30%.

City taxes30%

Property tax
20%$83.4 million
Sales tax
7.8%$32.9 million
Other taxes
3.0%$12.7 million
What's in other taxesOccupation and business licenses; other selective sales taxes and 3 more
  • Occupation and business licenses$4.0 million
  • Other selective sales taxes$3.1 million
  • Alcoholic beverage taxes$2.7 million
  • Motor vehicle licenses$2.7 million
  • Other licenses$107 thousand

Amounts are by Census tax category.

Fees for services57%

Fees for services
57%$239 million
What's in fees for servicesElectric power; sewer and 9 more
  • Electric power$121 million
  • Sewer$47.9 million
  • Water$23.9 million
  • Liquor stores$23.9 million
  • Garbage collection$16.1 million
  • Parks and recreation$5.1 million
  • Parking$404 thousand
  • Transit fares$333 thousand
  • Other government-run businesses$321 thousand
  • Other service charges$192 thousand
  • Road charges$156 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government
0.7%$2.8 million

State tax money4.4%

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

From the state
4.4%$18.7 million

County and local tax money1.8%

Money passed on by the county or other local governments.

From the county and other local governments
1.8%$7.6 million

Fines and other6.1%

Interest, rents and other
6.0%$25.5 million
Fines
<0.1%$184 thousand

Where it goes

Water, sewer, trash and utilities50%Police, fire, courts and jails18%Running the government and other costs11%Parks, recreation and libraries8.5%Roads, transit and parking5.9%All other spending7.3%

What stands out

50%

of High Point's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 50,000+ people spends 20%.

Spending by category100%

Water, sewer, trash and utilities
50%$208 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 3 more
  • Electric power$114 million
  • Sewer systems$30.6 million
  • Water supply$25.9 million
  • Liquor stores$21.1 million
  • Garbage and solid waste$16.5 million
Police, fire, courts and jails
18%$73.0 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$41.8 million
  • Fire protection$30.7 million
  • Courts and legal services$522 thousand
Running the government and other costs
11%$44.0 million
What's in running the government and other costsOther and not broken out; government buildings and 3 more
  • Other and not broken out$17.1 million
  • Government buildings$13.2 million
  • Central staff services (personnel, purchasing, technology)$12.2 million
  • Finance, tax collection and budgeting$1.1 million
  • Other government-run businesses$358 thousand
Parks, recreation and libraries
8.5%$35.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$28.8 million
  • Libraries$6.4 million
Roads, transit and parking
5.9%$24.5 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
  • Roads and highways$19.6 million
  • Public transit$4.5 million
  • Parking$450 thousand
Housing and community development
4.4%$18.3 million
Interest on debt
2.5%$10.4 million
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$9.0 million
  • Interest on water supply debt$1.4 million
  • Interest on electric power debt$8 thousand
Sent to other local governments
0.3%$1.3 million
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$731 thousand
  • Sent to the state government$551 thousand
Environment and natural resources
<0.1%$390 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$390 thousand
Health and hospitals
<0.1%$59 thousand
What's in health and hospitalsPublic health
  • Public health$59 thousand
Sources and moreWhere these numbers come from and what they cover

City of High Point. 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 City of High Point 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.