Town government · Union County, NC

Mineral Springs's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Mineral Springs took in $375 thousand and spent $322 thousand.

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

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Where it comes from

State tax money66%Town taxes34%Fines and other0.3%

What stands out

66%

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

Town taxes34%

Property tax
24%$89 thousand
Sales tax
9.1%$34 thousand
Other taxes
1.3%$5 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$5 thousand

Amounts are by Census tax category.

State tax money66%

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

From the state
66%$246 thousand

Fines and other0.3%

Interest, rents and other
0.3%$1 thousand

Where it goes

Running the government and other costs63%Housing and community development22%Sent to other local governments7.5%Police, fire, courts and jails5.9%Parks, recreation and libraries1.6%

What stands out

22%

of Mineral Springs' 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%

Running the government and other costs
63%$204 thousand
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)$110 thousand
  • Finance, tax collection and budgeting$37 thousand
  • Other and not broken out$36 thousand
  • Government buildings$21 thousand
Housing and community development
22%$70 thousand
Sent to other local governments
7.5%$24 thousand
What's in sent to other local governmentsSent to the state government and sent to local governments: other and not broken out
  • Sent to the state government$18 thousand
  • Sent to local governments: other and not broken out$6 thousand
Police, fire, courts and jails
5.9%$19 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 1 more
  • Fire protection$12 thousand
  • Courts and legal services$6 thousand
  • Police$1 thousand
Parks, recreation and libraries
1.6%$5 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Mineral Springs. 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 Mineral Springs 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.