Town government · Cumberland County, NC

Hope Mills's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Hope Mills took in $16.3 million and spent $22.5 million.

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

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Where it comes from

Town taxes76%Fees for services (sewer, parks and recreation)14%State tax money8.8%Fines and other1.1%

What stands out

32%

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

Town taxes76%

Property tax
36%$5.8 million
Sales tax
32%$5.2 million
Other taxes
7.6%$1.2 million
What's in other taxesOther licenses and occupation and business licenses
  • Other licenses$646 thousand
  • Occupation and business licenses$594 thousand

Amounts are by Census tax category.

Fees for services14%

Fees for services
14%$2.4 million
What's in fees for servicesOther government-run businesses; sewer and 2 more
  • Other government-run businesses$1.4 million
  • Sewer$762 thousand
  • Parks and recreation$146 thousand
  • Other service charges$16 thousand

Amounts are by Census type of charge.

State tax money8.8%

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

From the state
8.8%$1.4 million

Fines and other1.1%

Interest, rents and other
1.1%$176 thousand

Where it goes

Police, fire, courts and jails64%Running the government and other costs13%Parks, recreation and libraries8.7%Water, sewer, trash and utilities7.5%Roads, transit and parking3.7%Interest on debt3.0%

What stands out

64%

of Hope Mills' 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
64%$14.4 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$11.3 million
  • Fire protection$2.7 million
  • Inspections and regulation$317 thousand
  • Courts and legal services$78 thousand
Running the government and other costs
13%$2.9 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
  • Central staff services (personnel, purchasing, technology)$1.4 million
  • Finance, tax collection and budgeting$648 thousand
  • Government buildings$553 thousand
  • Other and not broken out$278 thousand
Parks, recreation and libraries
8.7%$2.0 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.0 million
Water, sewer, trash and utilities
7.5%$1.7 million
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$1.0 million
  • Sewer systems$663 thousand
Roads, transit and parking
3.7%$829 thousand
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$674 thousand
  • Parking$155 thousand
Interest on debt
3.0%$683 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hope Mills. 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 Hope Mills 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.