City government · Union County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Monroe took in $184 million and spent $172 million.

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

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Where it comes from

Fees for services (electric power, gas)66%City taxes24%Fines and other6.7%State tax money3.1%County and local tax money0.4%Federal tax money0.3%

What stands out

66%

of Monroe's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes24%

Property tax
15%$28.6 million
Sales tax
6.2%$11.4 million
Other taxes
2.0%$3.7 million
What's in other taxesOccupation and business licenses; motor vehicle licenses and 3 more
  • Occupation and business licenses$1.6 million
  • Motor vehicle licenses$1.1 million
  • Alcoholic beverage taxes$687 thousand
  • Other selective sales taxes$295 thousand
  • Other licenses$30 thousand

Amounts are by Census tax category.

Fees for services66%

Fees for services
66%$121 million
What's in fees for servicesElectric power; gas and 6 more
  • Electric power$64.8 million
  • Gas$18.2 million
  • Sewer$17.8 million
  • Water$13.2 million
  • Liquor stores$5.7 million
  • Parks and recreation$1.7 million
  • Other government-run businesses$39 thousand
  • Parking$9 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$594 thousand

State tax money3.1%

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

From the state
3.1%$5.7 million

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$743 thousand

Fines and other6.7%

Interest, rents and other
6.7%$12.3 million

Where it goes

Water, sewer, trash and utilities42%Running the government and other costs32%Police, fire, courts and jails17%Parks, recreation and libraries3.7%Roads, transit and parking2.8%All other spending3.1%

What stands out

42%

of Monroe'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
42%$71.5 million
What's in water, sewer, trash and utilitiesElectric power; gas supply and 3 more
  • Electric power$52.9 million
  • Gas supply$11.4 million
  • Liquor stores$4.8 million
  • Water supply$1.4 million
  • Sewer systems$1.0 million
Running the government and other costs
32%$54.6 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$50.4 million
  • Central staff services (personnel, purchasing, technology)$3.8 million
  • Finance, tax collection and budgeting$401 thousand
Police, fire, courts and jails
17%$29.5 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$15.8 million
  • Fire protection$12.4 million
  • Inspections and regulation$1.3 million
Parks, recreation and libraries
3.7%$6.4 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$6.4 million
Roads, transit and parking
2.8%$4.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.9 million
Interest on debt
2.0%$3.5 million
What's in interest on debtInterest on gas supply debt; interest on general debt and 2 more
  • Interest on gas supply debt$1.3 million
  • Interest on general debt$1.1 million
  • Interest on water supply debt$619 thousand
  • Interest on electric power debt$486 thousand
Housing and community development
1.0%$1.7 million
Health and hospitals
<0.1%$45 thousand
What's in health and hospitalsPublic health
  • Public health$45 thousand
Sent to other local governments
<0.1%$36 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$36 thousand
Sources and moreWhere these numbers come from and what they cover

City of Monroe. 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 Monroe 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.