Town government · Wake County, NC

Holly Springs's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Holly Springs took in $108 million and spent $122 million.

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

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Where it comes from

Town taxes47%Fees for services (water, sewer)39%Fines and other7.3%County and local tax money4.4%State tax money1.5%Federal tax money0.8%

What stands out

13%

of Holly Springs' money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

Town taxes47%

Property tax
32%$34.3 million
Sales tax
13%$14.5 million
Other taxes
2.1%$2.2 million
What's in other taxesOccupation and business licenses; motor vehicle licenses and 1 more
  • Occupation and business licenses$1.3 million
  • Motor vehicle licenses$880 thousand
  • Other licenses$35 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$41.9 million
What's in fees for servicesWater; sewer and 4 more
  • Water$17.4 million
  • Sewer$14.0 million
  • Garbage collection$4.4 million
  • Parks and recreation$2.6 million
  • Other government-run businesses$1.9 million
  • Other service charges$1.6 million

Amounts are by Census type of charge.

Federal tax money0.8%

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

From the federal government
0.8%$860 thousand

State tax money1.5%

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

From the state
1.5%$1.6 million

County and local tax money4.4%

Money passed on by the county or other local governments.

From the county and other local governments
4.4%$4.7 million

Fines and other7.3%

Interest, rents and other
7.3%$7.9 million

Where it goes

Water, sewer, trash and utilities31%Police, fire, courts and jails20%Running the government and other costs16%Roads, transit and parking13%Parks, recreation and libraries11%All other spending10%

What stands out

4.7%

of Holly Springs' spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
31%$37.2 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$15.8 million
  • Water supply$14.7 million
  • Garbage and solid waste$6.7 million
Police, fire, courts and jails
20%$24.3 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$18.2 million
  • Fire protection$6.1 million
Running the government and other costs
16%$19.0 million
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 2 more
  • Finance, tax collection and budgeting$5.7 million
  • Government buildings$5.7 million
  • Central staff services (personnel, purchasing, technology)$5.3 million
  • Other and not broken out$2.3 million
Roads, transit and parking
13%$15.3 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$15.0 million
  • Public transit$306 thousand
Parks, recreation and libraries
11%$13.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$13.4 million
Housing and community development
4.7%$5.7 million
Sent to other local governments
2.9%$3.5 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$3.5 million
Interest on debt
2.7%$3.3 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$3.1 million
  • Interest on water supply debt$223 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Holly Springs. 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 Holly Springs 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.