County government · Iredell County, NC

Iredell County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Iredell County took in $690 million and spent $616 million.

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

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Where it comes from

County taxes42%State tax money37%Fees for services (garbage collection, hospital bills)7.0%Fines and other6.4%Federal tax money6.1%Local tax money1.1%

What stands out

37%

of Iredell County's money comes from state tax money.A typical U.S. county of 50,000 to 250,000 people gets 22%.

County taxes42%

Property tax
33%$228 million
Sales tax
8.7%$59.8 million
Other taxes
0.6%$4.1 million
What's in other taxesReal estate and stock transfer taxes; occupation and business licenses and 2 more
  • Real estate and stock transfer taxes$2.9 million
  • Occupation and business licenses$522 thousand
  • Motor vehicle licenses$453 thousand
  • Other licenses$248 thousand

Amounts are by Census tax category.

Fees for services7.0%

Fees for services
7.0%$48.3 million
What's in fees for servicesGarbage collection; other service charges and 10 more
  • Garbage collection$13.4 million
  • Other service charges$9.7 million
  • Hospital bills$8.5 million
  • School lunches$4.9 million
  • School tuition and transportation$3.3 million
  • College tuition$2.9 million
  • Other government-run businesses$2.6 million
  • Transit fares$1.4 million
  • University housing and dining$669 thousand
  • Parks and recreation$614 thousand
  • Other school charges$197 thousand
  • Parks, land and natural resources$132 thousand

Amounts are by Census type of charge.

Federal tax money6.1%

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

From the federal government
6.1%$42.3 million

State tax money37%

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

From the state
37%$256 million

Local tax money1.1%

Money passed on by the county or other local governments.

From other local governments
1.1%$7.8 million

Fines and other6.4%

Interest, rents and other
6.1%$41.8 million
Fines
0.3%$2.1 million

Where it goes

Schools and colleges65%Police, fire, courts and jails15%Running the government and other costs5.5%Social services4.0%Parks, recreation and libraries3.3%All other spending7.2%

What stands out

65%

of Iredell County's spending goes to schools and colleges.Most U.S. counties of 50,000 to 250,000 people spend nothing on this.

Spending by category100%

Schools and colleges
65%$402 million
What's in schools and collegesElementary and secondary schools; colleges and universities and 2 more
  • Elementary and secondary schools$368 million
  • Colleges and universities$32.2 million
  • College housing, dining and bookstores$1.0 million
  • Scholarships and other education subsidies$922 thousand
Police, fire, courts and jails
15%$90.7 million
What's in police, fire, courts and jailsPolice; fire protection and 3 more
  • Police$54.3 million
  • Fire protection$18.0 million
  • Prisons and jails$13.9 million
  • Inspections and regulation$4.4 million
  • Courts and legal services$160 thousand
Running the government and other costs
5.5%$33.7 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$17.5 million
  • Finance, tax collection and budgeting$5.8 million
  • Central staff services (personnel, purchasing, technology)$5.2 million
  • Government buildings$5.1 million
Social services
4.0%$24.8 million
What's in social servicesOther public welfare
  • Other public welfare$24.8 million
Parks, recreation and libraries
3.3%$20.3 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$15.8 million
  • Libraries$4.5 million
Health and hospitals
2.5%$15.2 million
What's in health and hospitalsPublic health
  • Public health$15.2 million
Interest on debt
1.7%$10.6 million
Water, sewer, trash and utilities
1.5%$9.3 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$9.3 million
Sent to other local governments
0.6%$3.6 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$3.0 million
  • Sent to the state government$617 thousand
Roads, transit and parking
0.5%$3.2 million
What's in roads, transit and parkingPublic transit and airports
  • Public transit$3.2 million
  • Airports$64 thousand
Housing and community development
0.4%$2.4 million
Sources and moreWhere these numbers come from and what they cover

Iredell County. 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 Iredell County 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.