City government · Lincoln County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Lincolnton took in $42.2 million and spent $36.9 million.

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

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Where it comes from

Fees for services (electric power, sewer)50%City taxes33%Fines and other9.3%State tax money7.9%County and local tax money0.2%Federal tax money0.1%

What stands out

13%

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

City taxes33%

Property tax
19%$7.9 million
Sales tax
13%$5.4 million
Other taxes
1.0%$422 thousand
What's in other taxesMotor vehicle licenses; alcoholic beverage taxes and 1 more
  • Motor vehicle licenses$210 thousand
  • Alcoholic beverage taxes$148 thousand
  • Occupation and business licenses$64 thousand

Amounts are by Census tax category.

Fees for services50%

Fees for services
50%$21.0 million
What's in fees for servicesElectric power; sewer and 6 more
  • Electric power$7.9 million
  • Sewer$4.5 million
  • Water$4.2 million
  • Liquor stores$4.0 million
  • Parks and recreation$200 thousand
  • Other government-run businesses$57 thousand
  • Other service charges$54 thousand
  • Garbage collection$9 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$58 thousand

State tax money7.9%

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

From the state
7.9%$3.4 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$94 thousand

Fines and other9.3%

Interest, rents and other
9.3%$3.9 million

Where it goes

Water, sewer, trash and utilities51%Police, fire, courts and jails22%Running the government and other costs16%Roads, transit and parking4.8%Parks, recreation and libraries4.7%All other spending1.6%

What stands out

51%

of Lincolnton's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
51%$18.8 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 3 more
  • Electric power$7.1 million
  • Water supply$5.0 million
  • Liquor stores$3.6 million
  • Sewer systems$2.5 million
  • Garbage and solid waste$592 thousand
Police, fire, courts and jails
22%$8.3 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$4.2 million
  • Police$4.1 million
Running the government and other costs
16%$5.8 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$5.2 million
  • Other and not broken out$557 thousand
  • Finance, tax collection and budgeting$20 thousand
Roads, transit and parking
4.8%$1.8 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
  • Roads and highways$1.4 million
  • Public transit$379 thousand
  • Airports$16 thousand
Parks, recreation and libraries
4.7%$1.7 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.7 million
Housing and community development
1.2%$448 thousand
Interest on debt
0.3%$129 thousand
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$84 thousand
  • Interest on water supply debt$44 thousand
  • Interest on electric power debt$1 thousand
Health and hospitals
<0.1%$17 thousand
What's in health and hospitalsPublic health
  • Public health$17 thousand
Sent to other local governments
<0.1%$14 thousand
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$14 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lincolnton. 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 Lincolnton 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.