Town government · Iredell County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Mooresville took in $173 million and spent $145 million.

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

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Where it comes from

Town taxes50%Fees for services (sewer, water)37%Fines and other6.2%State tax money4.3%County and local tax money1.6%Federal tax money1.2%

What stands out

35%

of Mooresville's money comes from property tax.A typical U.S. city of 50,000+ people gets 20%.

Town taxes50%

Property tax
35%$60.7 million
Sales tax
13%$21.9 million
Other taxes
1.9%$3.2 million
What's in other taxesAlcoholic beverage taxes; motor vehicle licenses and 1 more
  • Alcoholic beverage taxes$2.9 million
  • Motor vehicle licenses$304 thousand
  • Other licenses$43 thousand

Amounts are by Census tax category.

Fees for services37%

Fees for services
37%$63.9 million
What's in fees for servicesSewer; water and 6 more
  • Sewer$20.2 million
  • Water$16.8 million
  • Liquor stores$15.9 million
  • Parks and recreation$4.8 million
  • Other service charges$3.5 million
  • Garbage collection$2.0 million
  • Other government-run businesses$689 thousand
  • Road charges$7 thousand

Amounts are by Census type of charge.

Federal tax money1.2%

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

From the federal government
1.2%$2.0 million

State tax money4.3%

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

From the state
4.3%$7.5 million

County and local tax money1.6%

Money passed on by the county or other local governments.

From the county and other local governments
1.6%$2.8 million

Fines and other6.2%

Interest, rents and other
6.2%$10.7 million

Where it goes

Water, sewer, trash and utilities33%Police, fire, courts and jails25%Running the government and other costs16%Parks, recreation and libraries14%Roads, transit and parking8.5%All other spending3.6%

What stands out

14%

of Mooresville's spending goes to parks, recreation and libraries.A typical U.S. city of 50,000+ people spends 6.4%.

Spending by category100%

Water, sewer, trash and utilities
33%$47.2 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 2 more
  • Sewer systems$17.9 million
  • Water supply$13.0 million
  • Liquor stores$12.5 million
  • Garbage and solid waste$3.8 million
Police, fire, courts and jails
25%$36.4 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$18.7 million
  • Fire protection$15.6 million
  • Inspections and regulation$1.4 million
  • Courts and legal services$629 thousand
Running the government and other costs
16%$23.3 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$15.7 million
  • Central staff services (personnel, purchasing, technology)$3.2 million
  • Finance, tax collection and budgeting$2.5 million
  • Government buildings$1.9 million
Parks, recreation and libraries
14%$20.7 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$17.2 million
  • Libraries$3.4 million
Roads, transit and parking
8.5%$12.4 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$11.9 million
  • Public transit$502 thousand
Interest on debt
1.9%$2.8 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.5 million
  • Interest on water supply debt$345 thousand
Housing and community development
1.5%$2.2 million
Health and hospitals
0.1%$201 thousand
What's in health and hospitalsPublic health
  • Public health$201 thousand
Sent to other local governments
<0.1%$43 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$43 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Mooresville. 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 Town of Mooresville 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.