City government · Cabarrus County, NC

Kannapolis's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Kannapolis took in $108 million and spent $97.6 million.

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

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Where it comes from

City taxes52%Fees for services (water, garbage collection)32%Fines and other6.7%State tax money5.8%County and local tax money2.1%Federal tax money1.0%

What stands out

37%

of Kannapolis' money comes from property tax.A typical U.S. city of 50,000+ people gets 20%.

City taxes52%

Property tax
37%$39.6 million
Sales tax
15%$16.4 million
Other taxes
0.6%$652 thousand
What's in other taxesMotor vehicle licenses and other licenses
  • Motor vehicle licenses$437 thousand
  • Other licenses$215 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$34.5 million
What's in fees for servicesWater; garbage collection and 5 more
  • Water$24.2 million
  • Garbage collection$4.2 million
  • Sewer$3.2 million
  • Parks and recreation$1.5 million
  • Other government-run businesses$952 thousand
  • Other service charges$249 thousand
  • Parking$40 thousand

Amounts are by Census type of charge.

Federal tax money1.0%

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

From the federal government
1.0%$1.1 million

State tax money5.8%

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

From the state
5.8%$6.3 million

County and local tax money2.1%

Money passed on by the county or other local governments.

From the county and other local governments
2.1%$2.2 million

Fines and other6.7%

Interest, rents and other
6.7%$7.2 million

Where it goes

Police, fire, courts and jails29%Water, sewer, trash and utilities22%Running the government and other costs14%Parks, recreation and libraries10%Housing and community development6.8%All other spending17%

What stands out

4.9%

of Kannapolis' spending goes to local governments.Most U.S. cities of 50,000+ people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
29%$28.5 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$14.3 million
  • Police$13.6 million
  • Courts and legal services$583 thousand
Water, sewer, trash and utilities
22%$21.9 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$13.9 million
  • Garbage and solid waste$4.8 million
  • Sewer systems$3.1 million
Running the government and other costs
14%$13.9 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$7.0 million
  • Other and not broken out$2.9 million
  • Government buildings$2.6 million
  • Finance, tax collection and budgeting$1.4 million
Parks, recreation and libraries
10%$10.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$10.2 million
Housing and community development
6.8%$6.6 million
Roads, transit and parking
6.4%$6.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$6.2 million
Interest on debt
5.6%$5.5 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$4.1 million
  • Interest on water supply debt$1.4 million
Sent to other local governments
4.9%$4.8 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$4.8 million
Sources and moreWhere these numbers come from and what they cover

City of Kannapolis. 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 Kannapolis 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.