Town government · Duplin County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Magnolia took in $2.1 million and spent $2.0 million.

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

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Where it comes from

State tax money49%Fees for services (sewer, water)26%Town taxes25%Fines and other0.2%

What stands out

49%

of Magnolia's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Town taxes25%

Sales tax
15%$318 thousand
Property tax
9.2%$189 thousand
Other taxes
<0.1%$2 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$2 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$536 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$197 thousand
  • Water$166 thousand
  • Garbage collection$114 thousand
  • Other government-run businesses$59 thousand

Amounts are by Census type of charge.

State tax money49%

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

From the state
49%$1.0 million

Fines and other0.2%

Interest, rents and other
0.2%$5 thousand

Where it goes

Housing and community development47%Water, sewer, trash and utilities18%Running the government and other costs11%Police, fire, courts and jails11%Roads, transit and parking7.3%All other spending5.7%

What stands out

47%

of Magnolia's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Housing and community development
47%$935 thousand
Water, sewer, trash and utilities
18%$354 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$177 thousand
  • Water supply$177 thousand
Running the government and other costs
11%$221 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$221 thousand
Police, fire, courts and jails
11%$217 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$192 thousand
  • Fire protection$25 thousand
Roads, transit and parking
7.3%$144 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$144 thousand
Environment and natural resources
5.1%$101 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$101 thousand
Parks, recreation and libraries
0.4%$8 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$8 thousand
Interest on debt
0.2%$4 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Magnolia. 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 Magnolia 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.