City government · Catawba County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Newton took in $54.6 million and spent $44.7 million.

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

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Where it comes from

Fees for services (electric power, water)53%City taxes29%State tax money12%Fines and other5.8%

What stands out

9.5%

of Newton's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes29%

Property tax
18%$10.0 million
Sales tax
9.5%$5.2 million
Other taxes
0.6%$354 thousand
What's in other taxesMotor vehicle licenses and other licenses
  • Motor vehicle licenses$344 thousand
  • Other licenses$10 thousand

Amounts are by Census tax category.

Fees for services53%

Fees for services
53%$29.1 million
What's in fees for servicesElectric power; water and 3 more
  • Electric power$16.4 million
  • Water$6.3 million
  • Sewer$4.5 million
  • Other government-run businesses$1.7 million
  • Parks and recreation$46 thousand

Amounts are by Census type of charge.

State tax money12%

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

From the state
12%$6.8 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$12 thousand

Fines and other5.8%

Interest, rents and other
5.8%$3.2 million

Where it goes

Water, sewer, trash and utilities51%Police, fire, courts and jails21%Running the government and other costs8.3%Parks, recreation and libraries6.3%Roads, transit and parking6.3%All other spending7.5%

What stands out

51%

of Newton'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
51%$22.7 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 1 more
  • Electric power$15.4 million
  • Sewer systems$3.6 million
  • Water supply$3.6 million
Police, fire, courts and jails
21%$9.4 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$4.8 million
  • Fire protection$4.5 million
Running the government and other costs
8.3%$3.7 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$2.9 million
  • Government buildings$406 thousand
  • Central staff services (personnel, purchasing, technology)$255 thousand
  • Finance, tax collection and budgeting$138 thousand
Parks, recreation and libraries
6.3%$2.8 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.8 million
Roads, transit and parking
6.3%$2.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.8 million
Housing and community development
3.7%$1.6 million
Environment and natural resources
2.7%$1.2 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1.2 million
Interest on debt
1.1%$491 thousand
What's in interest on debtInterest on general debt; interest on electric power debt and 1 more
  • Interest on general debt$318 thousand
  • Interest on electric power debt$91 thousand
  • Interest on water supply debt$82 thousand
Sources and moreWhere these numbers come from and what they cover

City of Newton. 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 Newton 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.