County government · Montgomery County, NC

Montgomery County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Montgomery County took in $67.7 million and spent $68.8 million.

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

See every government that serves your ZIP

Where it comes from

State tax money72%County taxes11%Federal tax money8.0%Fees for services (liquor stores, college tuition)4.9%Fines and other2.2%Local tax money1.9%

What stands out

72%

of Montgomery County's money comes from state tax money.A typical U.S. county of under 50,000 people gets 23%.

County taxes11%

Property tax
11%$7.1 million
Other taxes
0.3%$213 thousand
What's in other taxesAlcoholic beverage taxes
  • Alcoholic beverage taxes$213 thousand

Amounts are by Census tax category.

Fees for services4.9%

Fees for services
4.9%$3.3 million
What's in fees for servicesLiquor stores; college tuition and 3 more
  • Liquor stores$2.3 million
  • College tuition$610 thousand
  • School lunches$231 thousand
  • School tuition and transportation$177 thousand
  • University housing and dining$22 thousand

Amounts are by Census type of charge.

Federal tax money8.0%

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

From the federal government
8.0%$5.4 million

State tax money72%

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

From the state
72%$48.8 million

Local tax money1.9%

Money passed on by the county or other local governments.

From other local governments
1.9%$1.3 million

Fines and other2.2%

Interest, rents and other
1.9%$1.3 million
Fines
0.3%$176 thousand

Where it goes

Schools and colleges96%Water, sewer, trash and utilities3.0%Sent to other local governments1.0%Interest on debt<0.1%

What stands out

96%

of Montgomery County's spending goes to schools and colleges.Most U.S. counties of under 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
96%$65.9 million
What's in schools and collegesElementary and secondary schools; colleges and universities and 2 more
  • Elementary and secondary schools$53.8 million
  • Colleges and universities$11.7 million
  • Scholarships and other education subsidies$495 thousand
  • College housing, dining and bookstores$12 thousand
Water, sewer, trash and utilities
3.0%$2.1 million
What's in water, sewer, trash and utilitiesLiquor stores
  • Liquor stores$2.1 million
Sent to other local governments
1.0%$720 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$720 thousand
Interest on debt
<0.1%$54 thousand
Health and hospitals
<0.1%$9 thousand
What's in health and hospitalsPublic health
  • Public health$9 thousand
Police, fire, courts and jails
<0.1%$7 thousand
What's in police, fire, courts and jailsPolice
  • Police$7 thousand
Sources and moreWhere these numbers come from and what they cover

Montgomery County. 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 Montgomery County 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.